Clarifies and normalizes non-public school service purchases for retirement credit in Massachusetts.

This bill amends the Massachusetts Teachers' Retirement System to clarify and normalize the process for teachers to purchase credit for non-public school service. It specifies that teachers can establish credit for non-public school service by making a deposit into the annuity savings fund, with interest, before their retirement allowance becomes effective. The bill also outlines conditions under which credit is allowed or denied, including situations where the teacher is entitled to a retirement allowance from another source.

Clarifies and normalizes non-public school service purchases for retirement credit in Massachusetts.

This bill amends the Massachusetts Teachers' Retirement System to clarify and normalize the process for teachers to purchase credit for non-public school service. It specifies that teachers can establish credit for non-public school service by making a deposit into the annuity savings fund, with interest, before their retirement allowance becomes effective. The bill also outlines conditions under which credit is allowed or denied, including situations where the teacher is entitled to a retirement allowance from another source.