S1864
An Act relative to the creditable service of former employees of the Massachusetts Development Finance Agency
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- Passed Senate
- Passed House
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Bill 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.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Barry R. Finegold
Cosponsor
Barry R. Finegold
Arguments in favor
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Bill S.1864 194th (Current)
An Act relative to the creditable service of former employees of the Massachusetts Development Finance Agency
By Mr. Finegold, a petition (accompanied by bill, Senate, No. 1864) of Barry R. Finegold for legislation relative to the creditable service of former employees of the Massachusetts Development Finance Agency. Public Service.
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Bill Information
Bill Information
Presenter: Barry R. Finegold Status: Referred to Senate Committee on Ways and Means
Tabs
Bill History Petitioners Committee Vote Committee Summary Primary Sponsor Summary
Bill History
Displaying 4 actions for Bill S.1864
| Date | Branch | Action |
| 2/27/2025 | Senate | Referred to the committee on Public Service |
| 2/27/2025 | House | House concurred |
| 9/8/2025 | Joint | Hearing scheduled for 09/15/2025 from 01:00 PM-05:00 PM in A-1 |
| 11/26/2025 | Senate | Bill reported favorably by committee and referred to the committee on Senate Ways and Means |
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