PERAC Memo #48 - 2009: Proposed Regulations Defining Regular Compensation

Proposed Regulations Defining Regular Compensation

Summary

PERAC Memorandum #48/2009 announces proposed amendments to 840 CMR 15.03, which sets forth the revised definition of "regular compensation" (following up on Memo #42/2009). The memo schedules a series of public hearings across the state between January 5 and January 14, 2010, and invites written public comment through January 19, 2010, in advance of the Commission's January 26, 2010 discussion. Boards should review the proposed regulation and may wish to attend a hearing or submit comments, but no other action is required at this time.

Full Text

MEMORANDUM #48, 2009 M E M O R A N D U M TO: All Retirement Boards FROM: Joseph E. Connarton, Executive Director RE: Proposed Regulations Defining Regular Compensation DATE: December 14, 2009 Attached is a copy of the proposed amendment to 840 CMR 15.03 dealing with the new definition of regular compensation (see also PERAC Memo #42/2009). Hearings on this regulation will be conducted at the times and places set forth below. Public comments will be accepted through January 19, 2010, for discussion at the Commission meeting scheduled for January 26, 2010. Directions to the hearing sites can be obtained at http://www.mass.gov/perac/training/directions.htm. Hearings are scheduled for: January 5, 2010, Tuesday, 1:00 – 3:00 January 6, 2010, Wednesday, 1:00 – 3:00 PERAC Training Room Taunton Public Library 12 Pleasant St. Taunton, MA 02780 January 8, 2010, Friday, 10:00 – 12:00 January 11, 2010, Monday, 1:00 – 3:00 Worcester City Hall Levi Lincoln Chamber – 3rd Floor 455 Main Street Worcester, MA 01608 Northampton Municipal Building (behind City Hall ) Council Chamber 212 Main Street Northampton, MA 01060 January 13, 2010, Wednesday, 10:00 – 12:00 January 14, 2010, Thursday, 2:00 – 4:00
Middlesex County Retirement Board Bernhardt Room – 2nd floor PERAC Training Room 25 Linnell Circle Billerica, MA 01865 Somerville, MA 02145 Attachment