An Act relative to the creditable service of former employees of the Massachusetts Development Finance Agency
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill aims to allow former employees of the Massachusetts Development Finance Agency (MDA) to receive credit for their service toward retirement benefits. Specifically, it seeks to establish a mechanism for creditable service to be granted to these former employees, mirroring similar legislation previously considered. The bill would ensure that individuals who previously worked for the MDA can accrue retirement credits, potentially impacting their future pension benefits. This legislation builds upon prior efforts to address similar issues regarding creditable service.
Key provisions
- Establishes a process for granting creditable service to former MDA employees.
- Allows former employees to accrue retirement benefits based on their prior service.
- Addresses the retirement benefits of individuals who previously worked for the MDA.
- Aligns with previous legislation concerning creditable service for state employees.
- Provides a pathway for former MDA employees to receive retirement credits.
Who is affected
- Former employees of the Massachusetts Development Finance Agency
- Individuals potentially eligible for retirement benefits
- The Massachusetts Development Finance Agency
Notable changes
- This bill creates a new pathway for creditable service for a specific group of former employees.
- It expands the definition of who is eligible for retirement credit based on prior service.
Bill text
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Sponsors
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2 on record
Primary sponsor
Cosponsor
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