An Act relative to veteran buy backs
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill seeks to allow veterans to receive credit for service time when applying to the Massachusetts Public Employee Retirement System (PERS) buy-back program. It aims to provide a pathway for veterans to increase their retirement benefits by adding years of service that may not have previously been creditable. The bill was referred to the Public Service committee and subsequently reported to the Clerk’s Office for processing, accompanying a study order.
Key provisions
- Allows veterans to apply for creditable service buy-backs within the PERS system.
- Specifically addresses service time that may not have been previously considered creditable.
- The bill is linked to a study order (H5312) to further examine the implementation and potential impact.
- Related legislation, including bills concerning firefighter and police officer buy-backs, has been considered in the past.
Who is affected
- Veterans in Massachusetts
- Massachusetts Public Employee Retirement System (PERS) members
- Current and former public employees
Notable changes
- Expands eligibility for the PERS buy-back program to include service time previously not creditable.
- Requires a study order (H5312) to assess the program's feasibility and impact.
Bill text
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Sponsors
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2 on record
Primary sponsor
Cosponsor
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