An Act relative to the veteran allowance for public retirees

This bill replaces the existing fixed veteran allowance for public retirees in Massachusetts with a new variable benefit: veterans in Groups 1, 2, or 4 of participating retirement systems will receive $50 per year of creditable service (capped at $1,000 annually) instead of current fixed amounts. Retirement systems must formally adopt this provision through a majority board vote and legislative approval (with the state teachers' and employees' systems automatically included), but the benefit applies only prospectively and is not retroactive. It directly affects public retirees who served in the military and are enrolled in eligible retirement systems.