Massachusetts S1814 ensures retirees receive 90% of their monthly payment if unforeseen circumstances delay full calculation.

Massachusetts S1814 amends the General Laws to ensure retirees receive 90% of their estimated monthly payment if circumstances beyond the retirement board's control prevent the full calculation by the first payment date. The board must notify the House and Senate annually of these circumstances.

Massachusetts S1814 ensures retirees receive 90% of their monthly payment if unforeseen circumstances delay full calculation.

Massachusetts S1814 amends the General Laws to ensure retirees receive 90% of their estimated monthly payment if circumstances beyond the retirement board's control prevent the full calculation by the first payment date. The board must notify the House and Senate annually of these circumstances.