An Act relative to the active service buy-back program for firefighters and police officers
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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 establish an ‘active service buy-back’ program for firefighters and police officers in Massachusetts. The program would allow these officers to voluntarily leave their positions and receive a lump-sum payment in exchange for their future pension benefits. This is intended to provide a financial incentive for officers considering early retirement and to address potential challenges in the state’s pension system. The bill also seeks to study the feasibility of expanding this program.
Key provisions
- Establishes an ‘active service buy-back’ program.
- Allows firefighters and police officers to voluntarily leave service.
- Provides a lump-sum payment in exchange for future pension benefits.
- Requires the Department of Public Safety to administer the program.
- Directs the Public Safety Committee to study the program’s effectiveness and potential expansion.
Who is affected
- Firefighters
- Police Officers
- Massachusetts State Government
- Massachusetts Department of Public Safety
- Pension System Participants
Notable changes
- Creates a new mechanism for officers to voluntarily leave service.
- Potentially reduces the long-term liability of the state’s pension system.
Bill text
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Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Cosponsor
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