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By Mr. Hynes of Marshfield, petition (accompanied by bill, House, No. 2574) of Frank M. Hynes relative to retirement allowances. Public Service. |
The Commonwealth of Massachusetts
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PETITION OF:
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By Mr. Hynes of Marshfield, petition (accompanied by bill, House, No. 2574) of Frank M. Hynes relative to retirement allowances. Public Service. |
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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Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
Chapter 32 of the General Laws, is hereby amended by inserting after section 13 the following section:-
Section 13A. No retirement allowance payable under sections 1 to 28 shall exceed $100,000 provided, however such allowance may be adjusted by a year inflation factor based on the consumer price index not to exceed 3 percent.