Summary
This “by request” bill works to provide for an equitable rate of annuity, under the Massachusetts Teachers’ Retirement System, for Paul C. Nordberg. Mr. Nordberg is a resident of Auburn, Massachusetts, a teacher working at the Massachusetts Department of Youth Services, and a member of the MTRS. According to this bill, Mr. Norberg would be entitled to either of the following options: (1) In the event that, at the time of his retirement from teaching with any school system that is a member of the MTRS, Mr. Nordberg’s then age and then years of membership and contribution to the MTRS add to at least eighty-five (85), Mr. Nordberg shall be entitled to a pension in the amount of seventy percent (70%) of the average of his three (3) highest paid years while working as a teacher contributing to the MRTS; or (2) In the event that, at the time of his retirement from teaching with any school system that is a member of the MTRS, Mr. Nordberg’s then age and then years of membership and contribution to the MTRS add to at least eighty-five (90), Mr. Nordberg shall be entitled to a pension in the amount of eighty percent (80%) of the average of his three (3) highest paid years while working as a teacher contributing to the MRTS.