An Act relative to the veteran allowance for public retirees

This bill creates a new optional veteran allowance for public retirees in Massachusetts, allowing them to receive extra annual payments based on their years of service. The provision applies to members of specific retirement groups who are veterans and would provide an additional $50 per year of service, capped at a total of $1,000. Retirement systems must vote to accept this option before it takes effect, though state teachers' and state employees' systems are automatically included. The changes are prospective, meaning they only apply to future retirements and do not provide any retroactive benefits for those already receiving pensions.