Code of Massachusetts Regulations
807 CMR - TEACHERS' RETIREMENT BOARD
Title 807 CMR 6.00 - Regular Compensation
Section 6.03 - Early Retirement Incentives
Universal Citation: 807 MA Code of Regs 807.6
Current through Register 1531, September 27, 2024
(1) The term early retirement incentive shall include but not be limited to the following and shall not be considered as regular compensation:
(a) Any amounts termed a longevity which are
paid as a result of the employer having knowledge of the member's
retirement;
(b) Any amounts paid as
a retroactive increase in salary provided in an annual contract that has been
renegotiated as a result of the employer having knowledge of the member's
retirement;
(c) Any amounts paid as
salary which in prior years were paid as a reimbursement or an allowance for
the necessary costs of employment as a result of the employer having knowledge
of the member's retirement;
(d) Any
amounts paid as salary for additional duties which do not become a permanent
component of the job description as a result of the employer having knowledge
of the member's retirement.
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