An Act relative to Option (d) beneficiaries

This bill amends Massachusetts state law to clarify how survivor benefits are distributed to Option (d) beneficiaries of public service retirement plans. It allows members to nominate eligible individuals to receive a portion of their potential retirement allowance if they die before retiring. The law specifies that if multiple beneficiaries are chosen, the benefit amount is calculated based on the youngest beneficiary's age, and any share left by a deceased beneficiary is split equally among the survivors. These changes directly affect public employees and their families who rely on these specific retirement options.