Allows former employees of the Massachusetts Development Finance Agency to credit their previous employment for retirement purposes.
The bill allows former employees of the Massachusetts Development Finance Agency to credit their previous employment for retirement purposes. This means they can pay into the retirement system to account for up to five years of prior service. The payment must equal what would have been deducted for retirement if they had been employed by the governmental unit at the time. This provision takes effect two years after the bill's enactment.
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