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S 2469

An Act extending the time of military service purchases

194th Legislature (2025-2026) Introduced by Ryan Fattman and 1 co-sponsor

Massachusetts extends the deadline for military veterans to purchase creditable service time in public employee pension systems, boosting retirement benefits for eligible service members.

Accompanied a study order, see S2621
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Bill Summary · S 2469

Legislative bill overview

S 2469 extends the time period during which military service members can purchase creditable service time within the Massachusetts public employee retirement system. This allows veterans to buy back additional years of military service to count toward their pension calculations, potentially increasing their retirement benefits.

Why is this important

Military service buyback provisions directly affect veteran retirement security and pension calculations for those who transition to public sector employment. The extension of purchase windows can make retirement more accessible and financially viable for veterans, while also affecting state pension fund obligations and long-term fiscal commitments.

Potential points of contention

  • Fiscal impact: Extending purchase periods increases unfunded liabilities in the state pension system, potentially raising costs for municipalities and state budget allocations
  • Equity concerns: Benefits primarily accrue to veterans who have sufficient income to afford service purchases upfront, potentially creating disparities based on financial circumstances
  • Administrative complexity: Longer purchase windows may create complications in pension administration and actuarial calculations, requiring system updates and oversight

Compiled from official sources — confirm details with the bill’s official record.

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