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By Mr. Linsky of Natick, petition (accompanied by bill, House, No. 2645) of David Paul Linsky and others relative to the settlement of small 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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An Act relative to the settlement of small retirement allowances. |
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. Section 13 of chapter 32 of the General Laws, as appearing in the 1998 Official Edition, is hereby amended by striking out subdivision (2) and inserting in place thereof the following subdivision:—
(2) Settlement of Small Allowances in One Sum.—
(a) Any member otherwise entitled to receive a retirement allowance under the
provisions of sections 1 to 28, inclusive, the normal yearly amount of which
would be less than $1440, shall, in lieu of receiving such allowance, be paid
the amount of his accumulated total deductions as of the date such allowance
would otherwise become effective.
(b) Any member otherwise entitled to receive a retirement allowance under the
provisions of sections 1 to 28, inclusive, the normal yearly amount of which
would be less than $2400 but not less than $1440, shall, in lieu of receiving
such allowance, be paid the amount of his accumulated total deductions as of
the date such allowance would otherwise become effective if his written request
therefore as provided for in subdivision (1) of section 11 is filed with the
board on a prescribed form prior to the date the first payment of such
allowance would otherwise become due.
(c) Nothing herein shall entitle any member who is paid the amount of his
accumulated total deductions under the provisions of this subdivision to remain
in service.