Important Information on Veterans’ Buyback Changes from The City of Boston Retirement Board

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By Joseph Smith

TO: All Retirement Boards
FROM: Bill Keefe, Executive Director
RE: Veterans’ Buyback Changes
DATE: August 19, 2024


On August 8, 2024, Governor Healey signed Chapter 178 of the Acts of 2024, “An Act
Honoring, Empowering, and Recognizing our Servicemembers and Veterans” (“the HERO
Act”). This Act makes substantial changes to the purchase of veterans’ creditable service and
requires that retirement boards take action. Most urgently, as discussed in earlier
communication, retirement boards must send written notice to active members by November 6,
2024, to inform them of a one-year opportunity to purchase military service if they missed their
initial opportunity. This memo will discuss these changes and what actions must be taken by
retirement boards.

Click here to continue reading: PERAC Memo 23-2024 re Veterans’ Buyback Changes

Click Here to download forms: Notice of Potential Veterans’ Benefits form

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