HOUSE DOCKET, NO. 3404 FILED ON: 1/21/2011 HOUSE . . . . . . . . . . . . . . . No. 2924 The Commonwealth of Massachusetts _________________ PRESENTED BY: James Arciero _______________ 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: An Act relative to retirement systems and pension calculations. _______________ PETITION OF: Name: | District/Address: | James Arciero | 2nd Middlesex | Eileen M. Donoghue |
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HOUSE DOCKET, NO. 3404 FILED ON: 1/21/2011 HOUSE . . . . . . . . . . . . . . . No. 2924 By Mr. Arciero of Westford, a petition (accompanied by bill, House, No. 2924) of James Arciero and Eileen M. Donoghue for legislation to establish a maximum salary in calculating retirement benefits for public employees. Public Service. |
The Commonwealth of Massachusetts
An Act relative to retirement systems and pension calculations.
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. Said chapter 32 of the General Laws is hereby amended by adding the following new section:- Notwithstanding any provision of this chapter to the contrary, for employees who enter the service of the commonwealth or any political subdivision thereof on or after the effective date of this section, the maximum salary upon which a retirement allowance may be based shall be $120,000 |
