Massachusetts S1874 clarifies creditable service for education professionals from other states.
Massachusetts S1874 amends the state's laws to clarify how creditable service for education professionals from other states is calculated. It allows credit for the most recent service rendered in other states if it exceeds Massachusetts service. The bill also allows members to opt into the teachers' retirement system by transferring the full present value of their pension from other states. It includes provisions for calculating interest and refunds if overpayments are made.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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