Bill Text: MA S1209 | 2009-2010 | 186th General Court | Introduced
Bill Title: Provide for creditable service for members of redevelopment authorities
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2009-01-20 - Public Hearing date 6/1 at 11:00 AM in Hearing Room A1 [S1209 Detail]
Download: Massachusetts-2009-S1209-Introduced.html
The Commonwealth of Massachusetts
_______________
PRESENTED BY:
Tolman, Steven (SEN)
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To the
Honorable Senate and House of Representatives of the Commonwealth of
Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the passage of the accompanying bill:
An Act to provide for creditable service for members of redevelopment authorities
_______________
PETITION OF:
|
Name: |
District/Address: |
|
Tolman, Steven (SEN) |
Second Suffolk and Middlesex |
[SIMILAR MATTER FILED IN PREVIOUS
SESSION
SEE SENATE, NO. S01667 OF 2007-2008.]
The Commonwealth of
Massachusetts
_______________
In the Year Two Thousand and Nine
_______________
An Act to provide for creditable service for members of
redevelopment authorities.
Be
it enacted by the Senate and House of Representatives in General Court
assembled, and by the authority of the same, as follows:
SECTION 1. Subdivision (1) of section 4 of chapter 32
of the General Laws, as appearing in the 1998 Official Edition, is hereby
amended by inserting after paragraph (O½) the following paragraph:—
(O¾) Any member eligible to receive a retirement benefit pursuant to the
provisions of this chapter, who served as a member of a redevelopment authority
for a city or town, in which position he received no compensation, may
establish credit for such service by depositing in the annuity savings fund of
the system of which he is a member a sum equal to the amount which would have
been paid into such fund during such period if such position had been
compensated at the rate of $2,500 per year, plus regular interest to the date
of payment. This paragraph shall apply only to persons who served as a member
of a redevelopment authority in a city or town that accepts this paragraph, in
a town or city by a vote of the local retirement board or any “town known as
the city of” by its retirement board, provided however, that the provisions of
this paragraph shall not apply to any member first elected and/or appointed on
or after January 1, 1990.
