▸SECTION 1
Notwithstanding any general or special law to the contrary the Massachusetts Teachers' Retirement Board is hereby authorized and directed to allow Mary Donna Nodurf to purchase up to 4 years of creditable service for the purposes of maternity leave service; provided that it does not exceed the 80 percent admitted and that no credit shall be allowed unless Mary Donna Nodurf, has paid to the teachers’ retirement system, in one sum, upon such terms and conditions as the board may prescribe, an amount equal to the deductions that would have been withheld had she continued in service, as determined by the board’s rules and regulations, together with buyback interest.
▸SECTION 2
If Mary Donna Nodurf fails to make payment within one year of the effective date of this act, the teachers’ retirement system shall recalculate her invoice using the system’s actuarially assumed investment rate of return.
▸SECTION 3
Upon completion of payment, the teachers’ retirement system shall recalculate Mary Donna Nodurf’s retirement benefit including her maternity leave purchase effective as of the date the system received Mary Donna Nodurf’s payment.
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SECTION 1. Notwithstanding any general or special law to the contrary the Massachusetts Teachers' Retirement Board is hereby authorized and directed to allow Mary Donna Nodurf to purchase up to 4 years of creditable service for the purposes of maternity leave service; provided that it does not exceed the 80 percent admitted and that no credit shall be allowed unless Mary Donna Nodurf, has paid to the teachers’ retirement system, in one sum, upon such terms and conditions as the board may prescribe, an amount equal to the deductions that would have been withheld had she continued in service, as determined by the board’s rules and regulations, together with buyback interest.
SECTION 2. If Mary Donna Nodurf fails to make payment within one year of the effective date of this act, the teachers’ retirement system shall recalculate her invoice using the system’s actuarially assumed investment rate of return.
SECTION 3. Upon completion of payment, the teachers’ retirement system shall recalculate Mary Donna Nodurf’s retirement benefit including her maternity leave purchase effective as of the date the system received Mary Donna Nodurf’s payment.