An Act relative to the Massachusetts Teachers’ Retirement System benefit calculation
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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 addresses the calculation of benefits within the Massachusetts Teachers’ Retirement System. Specifically, it aims to modify the formula used to determine retirement benefits, potentially impacting how long a teacher needs to work to qualify for a full benefit. The bill was referred to the Public Service committee and subsequently heard. It is related to other legislation concerning educator pay and out-of-state service.
Key provisions
- Modifies the formula used to calculate retirement benefits in the Massachusetts Teachers’ Retirement System.
- Potentially adjusts the number of years of service required for a full benefit.
- Addresses the impact of out-of-state service on retirement benefits (related to similar legislation).
- Is associated with a study order (S2786) regarding the retirement system.
Who is affected
- Teachers in the Massachusetts Teachers’ Retirement System
- Retired teachers
- The Massachusetts Teachers’ Retirement System
Notable changes
- The bill proposes changes to the existing benefit calculation formula.
- It is linked to ongoing discussions and legislation regarding educator compensation and service requirements.
Bill text
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Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Michael O. Moore
Cosponsor
Paul C. Nordberg
Arguments
Reasons offered for and against this legislation.
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