Plain English Breakdown
The official source material does not provide specific details about the Optional Retirement System beyond its existence.
Act to Transfer Retirement Benefits for Valeria D'Orazio
This act allows Valeria D'Orazio, an associate professor at the Massachusetts Maritime Academy, to transfer her retirement benefits from one system to another.
What This Bill Does
- Allows Valeria D'Orazio to move her retirement credits from the optional retirement system to the state employees’ retirement system.
- Requires the State Board of Retirement to make this change for Valeria D'Orazio specifically.
Who It Names or Affects
- Valeria D'Orazio, an associate professor at the Massachusetts Maritime Academy
Terms To Know
- State Board of Retirement
- The group that manages and oversees state retirement systems.
- Optional Retirement System
- A type of retirement plan available to some employees, but not required for everyone.
Limits and Unknowns
- This act only affects Valeria D'Orazio and does not change rules for other people.
- The bill is still being reviewed by the government and has not been finalized yet.