SENATE DOCKET, NO. 330 FILED ON: 1/13/2009
SENATE . . . . . . . . . . . . . . No. 1105
The Commonwealth of Massachusetts
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PRESENTED BY:
Michael R.
Knapik
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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 retirement options.
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PETITION OF:
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Name:
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District/Address:
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Michael R.
Knapik
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Second Hampden and Hampshire
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Michael F. Kane
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5th Hampden
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[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE SENATE, NO. S01528 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 retirement options.
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.
Notwithstanding the provisions of any general or special law or rule to the contrary, and in order to promote the public good, the public employee retirement administration commission shall conduct an actuarial study to determine the costs and liabilities
that would be incurred by the Commonwealth and the public retirement administration commission if all surviving spouses of deceased members of the Massachusetts retirement pension plan whose pension-eligible spouse chose the retirement option (b) of subdi
vision (2) of section 12 of chapter 32, prior to 2002,
were to be reassigned as beneficiaries under option (c) of subdivision (2) of section 12 of chapter 32 of the General Laws. The public employee retirement administration commission shall submit a writ
ten report to the joint committee on public service and to the house and senate committees on ways and means. Said report shall include, but not limited to, identification of the number of surviving spouses who would be eligible, the amount of money each e
ligible person would receive, and the amount this would cost the commonwealth.
