SENATE DOCKET, NO. 112 FILED ON: 1/12/2009
SENATE . . . . . . . . . . . . . . No. 1094
The Commonwealth of Massachusetts
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PRESENTED BY:
Thomas P.
Kennedy
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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 relative to creditable service for school business administrators.
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PETITION OF:
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Name:
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District/Address:
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Thomas P. Kennedy
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Second Plymouth and Bristol
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Michael Brady
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9th Plymouth
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Allen J. McCarthy
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7th Plymouth
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[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE SENATE, NO. S01480 OF 2007-2008.]
The Commonwealth of
Massachusetts
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In the Year Two Thousand and Nine
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An Act relative to creditable service for school business administrators.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by
the authority of the same, as follows:
“Any member in service of the teachers’ retirement system who is employed as a School Business Administrator approved by the department of education may receive creditable service for any period or periods of work e
xperience in the occupational field in which the members work.
No credit shall be allowed until such member has paid into the annuity savings fund of the system before any retirement allowance becomes effective for such member, in one sum, or in installme
nts, upon such terms and conditions as the board may prescribe, makeup payments of any amount equal to 10 percent of the regular annual compensation of the member when said member entered the retirement system for each year of service so purchased.
No cre
dit shall be allowed and no payment shall be accepted under this paragraph until the member shall have completed ten or more years of membership service.
The maximum creditable service allowed under this paragraph for any member shall not exceed three yea
rs.
Members in service of
a retirement system eligible for said creditable service under this act shall make application for said creditable service within ninety days of being notified by the retired board of their eligibility
after becoming vested in t
he retirement system, or for currently eligible members, within ninety of the effective date of this act.”
