The Massachusetts Retirement Credit Bonus Legislation: Missing the Mark While Costing Billions

Two identical bills to reward public employees with a retirement credit bonus for working during the COVID-19 emergency are currently pending in each chamber of the Massachusetts Legislature.  The bills would add billions of dollars in liabilities to public pension funds and reward workers based on their compensation, years of service and age rather than the type or duration of the work performed during the emergency, according to a new study published by Pioneer Institute.

Download: The Massachusetts Retirement Credit Bonus Legislation: Missing the Mark While Costing Billions