Veterans who are public retirees in Massachusetts will receive an additional yearly allowance if their retirement system accepts the provision.

This bill amends the veteran allowance for public retirees in Massachusetts. It provides an additional yearly allowance of fifty dollars for each year of creditable service for veterans in Group 1, Group 2, or Group 4, up to a maximum of one thousand dollars. The allowance is contingent on acceptance by the retirement system, which requires a majority vote of the board and approval by the legislative body. The state teachers' and state employees' retirement systems are deemed to have accepted this provision. The changes are prospective and do not entitle members to retroactive benefits.

Veterans who are public retirees in Massachusetts will receive an additional yearly allowance if their retirement system accepts the provision.

This bill amends the veteran allowance for public retirees in Massachusetts. It provides an additional yearly allowance of fifty dollars for each year of creditable service for veterans in Group 1, Group 2, or Group 4, up to a maximum of one thousand dollars. The allowance is contingent on acceptance by the retirement system, which requires a majority vote of the board and approval by the legislative body. The state teachers' and state employees' retirement systems are deemed to have accepted this provision. The changes are prospective and do not entitle members to retroactive benefits.