An Act relative to teacher retirement election

This bill allows teachers and public school employees in Massachusetts who joined the retirement system before July 1, 2001, but never chose an alternative retirement plan, to make a one-time election to join that alternative program. To qualify, individuals must have started contributing to the Teachers' Retirement System or the Boston Retirement System on or before that same 2001 date. Those eligible must make their choice between July 1, 2023, and December 31, 2023, or before they retire if they apply for benefits earlier. If they choose to participate, they will contribute 11 percent of their salary to the plan and may need to pay back contributions from the time they originally joined the system.