An Act relative to a retirement buyback issue
This bill (HD 1264) directly affects Diane Galanti, a Massachusetts Teachers' Retirement System member. It requires the retirement system to count her service from December 1988 to June 1999 toward her retirement benefits, retroactively adjusting her eligibility for a superannuation allowance. To receive this credit, Galanti must pay the retirement system the amount of regular deductions she would have paid during that period, plus buyback interest, before her retirement allowance becomes effective. The bill is specific to her individual case and does not create a broader policy change.
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P
Mike Chaisson
RRepublican
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