Massachusetts H2748 amends the calculation and distribution of option (D) survivor allowances for public service retirees.
Massachusetts H2748 modifies the calculation of option (D) survivor allowances for public service retirees. If multiple beneficiaries are nominated, the benefit will now be calculated using the youngest beneficiary's age at the time of the member's death. Additionally, if a beneficiary dies, their portion will be divided equally among the surviving beneficiaries. This change aims to ensure fair distribution and accurate benefit calculation for option (D) survivor allowances.
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