Massachusetts H 2523: An Act relative to prompt retiree payments

Bill Text

1 of 1
HOUSE DOCKET, NO. 2226 FILED ON: 1/19/2023
HOUSE . . . . . . . . . . . . . . . No. 2523

The Commonwealth of Massachusetts
_________________
PRESENTED BY:
Sean Garballey
_________________
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 adoption of the accompanying bill:
An Act relative to prompt retiree payments.
_______________
PETITION OF:

NAME: DISTRICT/ADDRESS: DATE ADDED:
Sean Garballey 23rd Middlesex 1/19/2023
Jessica Ann Giannino 16th Suffolk 1/27/2023

1 of 1
HOUSE DOCKET, NO. 2226 FILED ON: 1/19/2023
HOUSE . . . . . . . . . . . . . . . No. 2523
By Representative Garballey of Arlington, a petition (accompanied by bill, House, No. 2523) of
Sean Garballey and Jessica Ann Giannino that the Retirement Board submit a report on the use
of partial payments to reduce the amount of time between a person’s retirement and date of first
payment. Public Service.

[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 2649 OF 2021-2022.]

The Commonwealth of Massachusetts

_______________
In the One Hundred and Ninety-Third General Court
(2023-2024)
_______________

An Act relative to prompt retiree payments.

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority
of the same, as follows:

1 Chapter 32 of the General Laws as appearing in the 2017 Official Edition is hereby
2 amended by adding the following:
3 Section 106. Prompt partial retirement payments to retirees
4 Section 106. The Massachusetts State Retirement Board shall produce a report for the
5 Joint Committee on Public Service on establishing a process to establish prompt partial
6 retirement payments to recent retirees. The report shall explore ways to reduce the amount of
7 time between a person’s retirement and date of first payment by utilizing estimated partial
8 payments.