An Act relative to employees of the Dedham Westwood Water District
This bill allows employees of the Dedham Westwood Water District who are part of the Norfolk County Retirement System to purchase additional service time to increase their retirement benefits. It requires the retirement system to first seek a legal determination from the Public Employee Retirement Administration Commission's tax counsel, confirming the purchase won't violate federal tax rules for qualified pension systems. If approved, the retirement system must notify members of their eligibility and costs within 60 days, giving them 120 days to pay for the service either in a lump sum or through installments. The bill directly affects eligible water district employees participating in the Norfolk County Retirement System.
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1 primary · 0 co-sponsors
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Role
Legislator
Party
State
District
P
Paul McMurtry
DDemocratic
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