Massachusetts H2590 clarifies the impact of equitable salary adjustments for retirement purposes.
Massachusetts H2590 amends the General Laws to clarify the impact of equitable salary adjustments for retirement purposes. Specifically, it modifies the definition of salary for retirement calculations to exclude increases resulting from authorized agency-wide compensation studies, reviews, or assessments. This change aims to ensure that retirement benefits are calculated based on consistent salary figures, unaffected by temporary or specific salary adjustments. The bill is set to take effect on July 1, 2018.
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- Legal Framework
- Critical Issues
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