As of the beginning of 2019, the state's main pension fund was 63.7% funded, while the Massachusetts teachers fund was 51.7% funded, according to state data. Our efforts to pass a 5% COLA for FY23 took a major step forward this week whenthe legislature unanimously approvedthe measure as part of the annual the State Budget. To obtain these services, please submit your request by phone or email; we will acknowledge your request, and it will be processed on a first-come, first-served basis. There is no set timeline for when the bill will move forward in the legislature, but Lyncosky said she is hopeful a decision will be made soon. Notwithstanding the provisions of any general or special law to the Is Gov. An Act relative to a service based retirement option for Group 1 and Group 2 career employees. 3. Burlington High School math teacher Jeanne DeRosa offered a word problem of sorts to state lawmakers on Wednesday, making her case for a bill that would allow early retirement opportunities for certain educators. Please visit the link below to learn more. I have emailed and called all Senate members on Ways and Means giving my support to this bill. An aide to one of the lead sponsors, Sen. John Velis, said he couldn't say yet how many workers would qualify or how much the pension boost would cost. Thank you! I feel that this bill if passed would provide both the State and the Employees many benefits. October 21, 2022: Thursday brought some highly anticipated news to the 460,000 enrollees covered by the states Group Insurance Commission (GIC). (a) The following words shall have the following meanings. "Our hope is that once passed, the legislation will become a model to extend similar incentives to all public employees, including public higher education employees and our education support professionals," he said. He testified Wednesday that the bill will reward government workers who helped provide essential services when almost everything else was shut down and people knew little about COVID-19. 1 SECTION 1. As part of the FY2022 state budget process, the post-retirement hours limit was increased from 960 to 1,200 hours, retroactive to July 1, 2021. 2021-2022: 192nd General Court: 8626: 552: Browse: Search: Download: 2019-2020: 191st . We arent aware of any information on any new proposals, but the link here provides valuable information to retirees from public service in Massachusetts on issues related to retirement: http://www.massretirees.com/news.
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