The Commonwealth of Massachusetts
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PETITION OF:
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In the Year Two Thousand and Seven.
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An Act relative to compensated absences in cities and towns. |
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
Chapter
40 of the General Laws, as appearing in the 1998 Official Edition, is hereby
amended by adding after section 13C the following section:—
Section 13D. Any city or town or district which accepts the provisions of this
section by majority vote of its city council or the voters present at a town
meeting or district meeting, may establish, and appropriate or transfer money
to a reserve fund for the future payment of accrued liabilities for compensated
absences due any employee or full-time officer of said city or town upon the
termination of such employee’s or full-time officer’s employment. Said
municipal or district treasurer shall maintain the reserve fund in an interest
bearing account and interest earnings shall be added to the fund. Said city
council, town meeting or district meeting may designate the municipal official
to authorize payments from this fund, and in the absence of such a designation,
it shall be the responsibility of the chief executive officer of said city,
town or district.