Massachusetts H19 amends the interest charged on refund buybacks in the Teachers' Retirement System.
Massachusetts H19 modifies the Teachers' Retirement System by changing the term "reemployment" to "repayment" in the interest charged on refund buybacks. This change affects the interest calculation for individuals who buy back their refunds, impacting their financial obligations. The bill aims to clarify the terms under which interest is applied to these transactions.
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