Massachusetts H5071 grants Thomas Brian Donnelly one year of creditable service in the teachers' retirement system and recalculates his retirement.
Massachusetts H5071 mandates the teachers' retirement board to grant Thomas Brian Donnelly one year of creditable service in the teachers' retirement system. This is contingent on Donnelly paying into the annuity savings fund an amount equal to 11% of his projected annual salary as if he had retired in 2017 from New Bedford High School as a Masters +30 credit employee. Following this, the board must recalculate Donnelly's superannuation retirement allowance using the formula for the alternative superannuation retirement benefit.
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