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Everett School Committee unanimously endorses bills letting some teachers opt into Retirement Plus
Summary
The Everett School Committee voted 6-0 to endorse H.2932 and S.1884, measures that would allow eligible teachers to opt into the Retirement Plus plan by paying a calculated buyback and increasing their pension contribution to 11% of salary.
Miss Cristiano, an Everett School Committee member, asked the committee to endorse H.2932 and S.1884, state bills that would let eligible teachers opt into the Retirement Plus pension option.
The endorsement matters because it would give some long-serving teachers an opportunity to buy into Retirement Plus, a program that can let them retire earlier if they pay the difference in past contribution rates. Miss Cristiano described the bills as requiring a buyback equal to the…
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