An Act further regulating the retirement benefits of certain public safety employees

This bill updates Massachusetts laws to regulate retirement benefits for specific public safety employees, including police officers, firefighters, and corrections officers. It mandates that payroll officers withhold a set percentage of these employees' paychecks to fund their retirement plans, with contribution rates varying based on when the employee started their service. Additionally, the legislation requires actuaries to conduct a five-year review of contribution and benefit changes to assess the financial impact on these retirement systems. By modifying existing statutes, the bill aims to ensure consistent funding and oversight for the retirement benefits of these public servants.