An Act relative to the Massachusetts Teachers' Retirement System benefit calculation
Take action
Record your position on this measure.
Create an account to take a stance, submit a written position, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill addresses the calculation of benefits within the Massachusetts Teachers’ Retirement System. It aims to clarify and potentially adjust the methodology used to determine retirement benefits for teachers in the system. The bill is currently undergoing review and study by the Public Service committee, with a scheduled hearing to gather input and examine the current practices.
Key provisions
- Review of the current benefit calculation methodology.
- Potential adjustments to the calculation formula.
- Examination of creditable service provisions.
- Consideration of retirement buyback options.
- Study order related to H5356
Who is affected
- Massachusetts Teachers’ Retirement System members
- Teachers in Massachusetts
- The Massachusetts Teachers’ Retirement System
Notable changes
- The bill is currently in a study phase, so specific changes are not yet defined.
- It is linked to a study order (H5356) which will further investigate the issue.
Bill text
Read the latest version inline or switch to a previous version.
Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Cosponsor
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours