Section 45A: Amount of pension payable to person retired under Sec. 44
Summary
Section 45A provides an enhanced pension formula for school janitors retired under Section 44 in cities and towns that separately accept this section. Rather than the basic one-half of last year's compensation capped at $750 under Section 44, the pension under Section 45A equals one-half of the highest salary received by the janitor while holding the grade held at retirement.
Statutory Text
Section 45A: Amount of pension payable to person retired under Sec. 44
Section 45A. In any city or town to which section forty-four applies and which accepts this section in the manner set forth in section forty-five, the pension payable to a person retired under said section forty-four shall be one half of the highest salary or other compensation received by him while he was holding the grade held by him at his retirement.