PERAC Related Acts

Laws passed relative to the Massachusetts pension system

ACTS of 2012

• Chapter 36 of the Acts of 2012: Supplementary Budget 
• Chapter 36 of the Acts of 2012: Pension-related changes to Chapter 176 of the Acts of 2011

ACTS of 2011

• PERAC Governance and Related Sections included in Chapter 176 
• Chapter 176 of the Acts of 2011: An Act Providing For Pension Reform and Benefit Modernization 
• Chapter 198 of the Acts of 2011: An Act Relative to the Terms of Collective Bargaining Agreements

ACTS of 2010

• Chapter 131 of the Acts of 2010: FY'11 State Budget 

  See Sections: 23, 24, 25, 26, 27, 28, 116, 200 and 201

• Chapter 188 of the Acts of 2010: An Act Relative to Municipal Relief 

  See Sections: 16, 17, 18, 19, 66, 71

ACTS of 2009

• Chapter 21 of the Act of 2009: An Act Providing Responsible Reforms in the Pension System 
• Chapter 166 of the Acts of 2009: An Act Establishing Fiscal Stability Measures for Fiscal Year 2010 

  See Sections 19 and 45

ACTS of 2008

• Chapter 92 of the Acts of 2008: An Act Authorizing the Town of Wakefield to Issue Pension Obligation Bonds or Notes 
• Chapter 131 of the Acts of 2008: An Act Authorizing the City of Melrose to Issue Pension Funding Bonds or Notes 
• Chapter 182 of the Acts of 2008: An Act Making Appropriations for the Fiscal Year 2009 

  For the Maintenance of the Departments, Boards, Commissions, Institutions, and Certain Activities of the Commonwealth, for Interest, Sinking Fund and Serial Bond Requirements and for Certain Permanent Improvements 

• Chapter 229 of the Acts of 2008: An Act Further Regulating the Essex Regional Retirement System 
• Chapter 339 of the Acts of 2008: An Act Authorizing the Town of Arlingtion to Issue Pension Obligation Bonds or Notes 
• Chapter 358 of the Acts of 2008: An Act Further Regulating Certain Retirement Benefits 
• Chapter 374 of the Acts of 2008: An Act Relative to Certain Health Insurance Options for Municipal Retiree

ACTS of 2007

• Chapter 68 of the Acts of 2007: An Act to Reduce the Stress On Local Property Taxes Through Enhanced Pension Fund Investment

ACTS of 2006

• Chapter 55 of the Acts of 2006: An Act Increasing the Accidental Death Benefit Payable to Surviving Children 
• An Act Increasing the Accidental Death Benefit Payable to Surviving Children-Summary

ACTS of 2005

• Chapter 90 of the Acts of 2005: An Act Relative to Creditable Service For Vocational Education Teachers 
• An Act Relative to Creditable Service For Vocational Education Teachers-Summary 
• Chapter 157 of the Acts of 2005: An Act Relative to Disability Retirement Benefits for Veterans 
• An Act Relative to Disability Retirement Benefits for Veterans-Summary

ACTS of 2004

• Chapter 149 of the Acts of 2004: An Act Making Appropriations for the Fiscal Year 2005 

  Commonwealth Budget: Major Pension-Related Outside Sections below:

  • Section 15 Notifications 
  • Survivor Age: Enrolled in Educational Institutions 
  • Death Benefits 
  • 91A Termination of Benefits on Non-Compliance 
  • Definition of Actuarial Equivalent 
  • Mortality Table and Interest Rate 
  • Reinstatement 
  • Purchase of Property by Retirement Boards for Their Administrative Offices 
  • COLA and Other Provisions

ACTS of 2003

• Chapter 46 of the Acts of 2003: Local Option-Unfunded Pension Liability "Holiday" Provision 

  Section 128

• Provides for Local Acceptance of a "Holiday" for Providing Certain Payments to Fund Unfunded Pension Liabilities-Summary

Early Retirement Incentive (ERI)

• Chapter 188 of the Acts of 2010: An Act Relative to Municipal Relief 

  Section 66 Municipal Early Retirement Incentive Program

• Chapter 25 of the Acts of 2004: An Act Further Regulating the Early Retirement of Eligible Employees of the Nashoba Associated Board of Health 
• Chapter 26 of the Acts of 2003: An Act Making Appropriations for the Fiscal Year 2004 

  State Employees

• Chapter 46 of the Acts of 2003: An Act Providing Relief and Flexibility to Municipal Officials 

  Section 116