Since 1968 the Retired State, County and Municipal Employees Association has been the leading voice for Massachusetts public retirees and their families. The bills voluntary local adoption provision eliminates any unfunded mandates, Page explained. Group early retirement incentive to state employees who have at least Alexi's professional experience encompasses print, television and radio at NY1, CNN en Espaol, 88.7FM WRHU and The Republican newspaper. While the filed bills have been assigned to a committee, they have not yet been scheduled for a public hearing and have not had any initial votes in the legislature. the option of joining the 75-25 plan. H2594. NCSL conducts policy research in areas ranging from agriculture and budget and tax issues to education and health care to immigration and transportation. The cost of purchasing service under the bill, which was pioneered by the Massachusetts Teachers Association, will be determined by an analysis from the Public Employee Retirement Administration Commission, which has not yet been run. Group 1 employees, with 25 years, can use 2.0 factor in benefit The Legislature's Joint Committee on Public Service has scheduled a virtual hearing on Sept. 1 to take testimony about the early retirement bill backed by the MTA. 11/07/2022 Massachusetts State Retirement Board. The MTA is also seeking a more diverse educator workforce by backing alternatives to the tests would-be teachers must pass. Springfield Office One Monarch Place, Suite 510 Springfield, MA 01144-4028 (413) 784-1711 Phone (413) 784-1707 Fax. The calculator provides estimates for members of the State Employees Retirement System (1) who entered service before April 2, 2012; and . October 14, 2022: Thursday mornings announcement by the Social Security Administration of an 8.7% COLA increase for 2023, while not unexpected, confirms what we already knew inflation has placed substantial financial pressure on retirees. Flaherty said the Massachusetts Municipal Association has written a letter opposing the bill as unaffordable for cities and towns. Also addressing the guests will be Assembly . Alexi is from Springfield, Massachusetts and attended college at Hofstra University in New York where she majored in journalism and Spanish. The bill, she added, is designed to offer older teachers an incentive to retire before the beginning of the 2022-2023 school year begins to limit any disruption in the classroom. becomes law (or 1/1/00), contributing at 5%, are eligible to retire at Boston was given a delay until April 26. Intro. The bill just cleared the state Senate Education Committee last Thursday. As it is currently written, in order to purchase years under this bill you must meet the eligibility . Sixty-three percent reported feeling stressed and 54% had high levels of burnout or fatigue, stated the survey, which was done by the Center for State and Local Government Excellence at ICMA-Retirement Corp. Throughout the pandemic and continuing to this day educators have been expected to put their lives on the line. The bill now has 16 co-sponsors in the Senate and 32 in the House. New public safety employees, including fire and state correction 25%. The $1.7 trillion federal omnibus bill will move forward without . If both the House and Senate pass the same bill, it is then sent to the governor for review and action. after 25 years of service. Throughout your retirement, we will administer your benefits and provide you with information and services. Charlie Baker hopes to convince about 4,500 state workers to take early retirement. The ERI is crafted much Be aware of the other post-retirement issues you may need to address, Have any general questions about your benefits. The following auctioneers 5 advertisements appear on pago 11: National Mortgage and Agency Company; Harding, Son and Co.; H. B. Sorensen; Ford and Hadfield; G She enjoys making connections with the community she covers and imploring others to use journalism as a tool to stay informed and engaged. Phone. Massachusetts Teachers Association President Merrie Najimy said a lot of hard work is ahead to make schools safe, make teachers comfortable and get kids learning. The early retirement incentive (ERI) proposal from the Massachusetts Teachers Association (MTA), filed in February by co-sponsors State Senator John C. Velis and State Representative Carol A. Doherty, has been referred to the Joint Committee on Public Service. The committee will accept testimony until Sept. 8 and then close out public comment and take the matter under consideration. Joint Rules of the Senate and House of Representatives for the 193rd General Court for the 2023-2024 legislative sessions, insomuch as relates to "portions of Joint Rule 1". Teachers who are at high-risk for serious illness . NCSL's experts are here to answer your questions and give you unbiased, comprehensive information as soon as you need it . Read MTA Today. Massachusetts House Bill 2808, also known as "An Act Relative to Providing a COVID-19 Retirement Credit to . Accompanied H19. DECEMBER 15, 2022: The Group Insurance Commission held the final monthly commission meeting of the year on December 15th. I will be exposed to over 100 students every day in a combined approximately 600 square foot room with poor ventilation, Dearborn said, adding that her job puts her in a very vulnerable spot amid the delta variant surge. Alexi Cohan is a general assignment reporter covering local news and government as well as health and medicine stories. was expected to take action on the so-called rule-of-90 teachers After the bills are filed in January, members will be urged to contact their legislators to ask them to support these important measures and encourage them to sign on as legislative co-sponsors. Dozens of Massachusetts educators citing health conditions and pandemic stressors advocated for an early retirement bill during a Wednesday virtual hearing, but costs both to the state and teachers Log in, You can retrieve your password by following this link. the intended date of retirement, have at least 25 years of service, can. 2337. A bill working its way through the Massachusetts state legislature to provide bonuses to public employees who worked during the pandemic would cost billions of dollars to the already overstressed pension system, watchdog groups warn. Union members could purchase up to five years of service or up to five years of age, or a combination of the two not to exceed a total of 10 years. Bill would allow teachers early retirement. Alexi is from Springfield, Massachusetts and attended college at Hofstra University in New York where she majored in journalism and Spanish. The MTA Government Relations and Legal Services divisions are currently beginning the drafting process for bills in order to meet the Jan. 15 filing deadline. Order for the adoption of permanent Joint Rules for the 193rd General Court governing the 2023-2024 legislative session. Investigate plans offered through your employer, such as 457 deferred compensation plans and 403(b) retirement plans. Retirement Messages for Teachers life, where you set to remember that card. Confusion around this process has led to some members believing they are in the R+ program when they have not opted into the system as required under law. They are automatic for state / teachers, but are subject to This legislation creates a process to correct this problem for current members and eliminate the problem for future members. 2023-02-02. Jessica Tang, head of the Boston Teachers Union, said shes seeing a record number of teachers attending retirement seminars. Massachusetts could get another snowstorm Friday: What areas were the jackpot zones in this past storm? Gov. Current employees can Stay abreast of retirement issues and plan for your retirement. Similar To. Teacher Contribution Rate (2018): 9.78%. Main 617-367-7770 Telephone hours are Mon.-Fri. 8:00 am - 5:00 pm, except on State Holidays. What was not immediately One piece of legislation is an early retirement incentive for members of the Massachusetts Teachers' Retirement System. This year has been so incredibly challenging, she added. Read coverage of this report in the Boston Herald.. Massachusetts' Proposal Far More Generous than Other States' COVID Bonuses. Join with our 52,000 members as we continue the fight. Massachusetts Teachers Association 2 Heritage Drive 8th Floor Quincy, MA 02171 United States. 2023-02-16. TOWN AND COUNTRY. The purpose of this legislation is to create a more streamlined and transparent process for those who wish to participate in the program and avoid any misunderstanding about enrollment in the future.. MTRS. Sign up for Joe's weekly Watchdog and From the Archives newsletters on our newsletter page for the latest investigative and enterprise reports. county correction officers under 75-25. Median pension value (2018): $41,147. Do you remember when I said that December would be a busy month? Pension Reform III, effective November 16, 2011, created a new benefit structure for individuals who became members of Massachusetts public retirement systems on or after April 2, 2012. The early retirement incentive (ERI) proposal from the Massachusetts Teachers Association (MTA), filed in February by co-sponsors State Senator John C. Velis and State Representative Carol A. Doherty, has been referred to the Joint Committee on Public Service.The proposed legislation, An Act to provide a retirement enhancement opportunity for certain members of the Massachusetts Teachers . The pandemic is not over.. Alexi's professional experience encompasses print, television and radio at NY1, CNN en Espaol, 88.7FM WRHU and The Republican newspaper. However, you can add good message include, thanking, congratulating, leaving a good Sending good thoughts Welcome to retirement this new life, I want you on a retirement to craft a your hobbies. Updated: Jul 21, 2021 / 07:29 PM EDT. Under the legislation, eligible teachers could retire early by purchasing up to five years of service or up to five years of age, or a combination of the two as long as it doesn't exceed 10 years. If the age of the employee is 47 years old with a dozen years of creditable service, then that employee would eligible to retire at 62. Reported, in part, by H56. This bill does not create a new retirement program for teachers; rather, it makes a technical process change to allow the MTRS and the BRS to confirm the intent of educators on their R+ election, and to make sure the system receives the required R+ contribution rate. Join with our 52,000 members as we continue the fight. "The law was enacted after extensive lobbying efforts by the MTA and is a victory for our members," said . This equates to minimum 50% pension. It'll cost the state $50 million, but . The states $5.55 billion annual pension bill could climb if fed-up teachers opt for early retirement under a bill backed by the union that would guard against mid-year defections. The $1.7 trillion federal omnibus bill will move forward without tackling WEP or GPO. Dedicated public servants who have committed their lives to the children of the Commonwealth should not be forced to make that choice., They are facing an impossible choice: put themselves or vulnerable family members at risk or jeopardize a dignified and financially secure retirement.. Due to the Governor's weather emergency, MTRS offices in Charlestown and Springfield are closed on Tuesday, February 28th. Teachers at high risk of COVID-19 would also qualify. This bill is still pending in the Joint Committee on . The Massachusetts Senate is committed to supporting our teachers and ensuring that they are supported in their retirement, said Senate President Harriette L. Chandler (D-Worcester). H.2620/S.1791, An Act to provide a retirement enhancement opportunity for certain members of the Massachusetts Teachers Retirement System, allows eligible teachers who want to retire early to purchase years of service or "age" in order to strengthen their retirement benefits.. MTA President Merrie Najimy explained that the coronavirus pandemic brings added urgency to the legislation. But interest grew toward the end of summer . Alexi Cohan is a general assignment reporter covering local news and government as well as health and medicine stories. If you are a member of the MSERS (Massachusetts State Employees' Retirement System), there are two ways to find out your estimated creditable service to date: 1. stir with public employees and their State House lobbyists when the Active Employees Join with Retirees in National Campaign. following is a brief summary of the major components of the omnibus A virtual hearing Wednesday will give teachers an . The bill would improve the enrollment process for new members of the Massachusetts Teachers Retirement System (MTRS) or new teacher members of the Boston Retirement System (BRS) who have previous creditable service in another Massachusetts contributory retirement system. officers (who are not members of the State Retirement System) will have Put themselves or vulnerable family members at risk, or jeopardize a dignified and financially secure retirement that they have been counting on all of their career.. covering nearly all public employees. Those taking the early retirement package would be eligible for . 2. Senate, March 24, 2022 -- The committee on Public Service, to whom was referred the petitions (accompanied by bill, Senate, No. becomes law (or 1/1/00), contributing at 5%, are eligible to retire at. On Saturday, Dec. 5, the MTA Board of Directors voted unanimously to support the inclusion of 15 bills and the Fair Share Amendment on the associations 2021-2022 legislative agenda. The first tier would cover teachers with 20 to 24 years of service, and that service does not all have to be in Peabody schools. 6 were here. The In 1639, it was named Harvard College after John Harvard, an English clergyman who had died soon after immigrating to Massachusetts, bequeathed it 780 and his library of . provisions are not close-ended and would be permanent provisions in At a public hearing held virtually on Sept. 1, MTA members and leaders urged the Legislatures Joint Committee on Public Service to favorably report out a bill that would allow eligible teachers the opportunity to retire early without jeopardizing their financial security. This equates to a minimum 62.5% pension. $5.55B Massachusetts pension could grow if, Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on Reddit (Opens in new window), $5.55B Massachusetts pension could grow if fed-up teachers retire early, Complete list of Massachusetts 2021 pension payments, Union drive: Uber, Lyft drivers rally for right to unionize, Heres what Maura Healeys $55.5 billion budget buys, State budget puts $1.5B toward transportation, targets MBTA hiring woes, Nahant coyote kill zone: Federal agent sharpshooters have taken out 1 coyote, town extends contract with feds. For school districts, the potential savings would equal the difference between current and new teachers salaries less any additional health insurance costs, but total payroll savings will offset any ancillary costs. WEDNESDAY, MARCH 1, 2023:Governor Maura Healey has filed her first state budget proposal, formally kicking off the FY24 budget process. Although the Board approved the associations legislative priorities, no bills have been filed or passed at this point. PUBLISHED: July 26, 2021 at 8:28 p.m. | UPDATED: July 27, 2021 at 8:22 a.m. Opposition is mounting on a bill that seeks to boost pension payouts for public employees who went to work throughout . The legislature does have the ability to amend the bill if they see fit to do so. Advise your current beneficiary now that he or she should contact us in the event of your death. known is that the Committee created separate early retirement plans for S.2451 191st (2019 - 2020) An Act relative to creditable service for Lisa Emma, a member of the Massachusetts Teachers' Retirement System. 3. Sandra Dearborn, who has been teaching at Masconomet Regional School District for 28 years, has a medical condition that requires an infusion of immunosuppressive drugs every six weeks, she shared before the Joint Committee on Public Service. An Act to provide a retirement enhancement opportunity for certain members of the Massachusetts Teachers Retirement System, Senate bill 2783, also known as the "Early Retirement Bill," was a proposal for MTA priority legislation submitted by MTA members and approved by the MTA Government Relations Committee and MTA Board of Directors in 2021. If the proposed legislation impacts you and your decision to potentially retire, the MTRS encourages you to review the MTA resources and check both the MTA and MTRS websites periodically for updates. Please note that the ERI proposals were filed by the MTA, and not the Massachusetts Teachers Retirement System (MTRS). An Act to provide a retirement enhancement opportunity for certain members of the Massachusetts Teachers Retirement System. Harvard was established in 1636 in the colonial, pre-Revolutionary era by vote of the Great and General Court of Massachusetts Bay Colony.In 1638, the university acquired British North America's first known printing press.. It turns out that things have been even busier than I anticipated which is saying something. By Ms. Doherty of Taunton, a petition (accompanied by bill, House, No. Committee unexpectedly released an omnibus early retirement bill the Massachusetts Teachers' Retirement System . Keep your MTRS correspondence with your important papers, and let your survivors know where to find this information so they may contact us. The journey from a proposed bill to a law is a deliberative process and does not always end with a passed law, as summarized on the MTA Legislative Action page. She praised educators for meeting the demands of their increasingly more difficult profession, adding that the pandemic has simply pushed some educators into untenable positions. Group 1 ("5 percenters") Early Retirement Incentive (ERI): State employees who are members of Group 1, who are working when H-3772. Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows: A major piece of business on the agenda was the selection of Pharmacy Benefit Manager (PBM). Tuesday, June 22, the Joint Committee on Public Service created quite a Applications Bay State teachers will be making the push before the Joint Committee on Public Service Wednesday for an early retirement bill that would allow educators to purchase years of service or age and districts to usher in a set of new hires. In 2022, then-Governor Charlie Baker signed into law a measure that will help 2,000 or more MTA members who through no fault of their own were prevented from benefiting from the Massachusetts Teachers' Retirement System's RetirementPlus program. Additional 3% for each year over 20, These provisions are automatic for state employees, but are subject to Similar To. This section only applies to members of the state retirement system. The development of the agenda was an intensive, member-driven process that included significant input from educators across the Commonwealth. been pushing for an early retirement bill for Group 1 employees, this BOSTON - Today, the Massachusetts Senate unanimously passed S.2592, An Act relative to the Massachusetts teachers retirement system, sponsored by Senator Cindy F. Friedman (D-Arlington). Resolve relative to a special community care retirement communities commission. Late last night,Mass Retireesand TRTA officials received word from Congressional leaders that they were not able to achieve a bipartisan deal to reform the Social Security Windfall Elimination Provision (WEP). 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A group of 11 state treasurers and the comptrollers of Maryland and New York City are calling on House Speaker Kevin McCarthy, R-Calif., "to cooperate in increasing the debt limit of our country in a timely manner," in order to prevent economic chaos. Our focus is public pension, Social Security, Medicare and retiree healthcare policy, for which Mass Retirees has become widely recognized for our expertise. Paterson signed the 55/25 bill for NYSUT members today, less than 24 hours after it landed on his desk. Teachers who are at high risk of severe coronavirus per Centers for Disease Control and Prevention criteria would also be eligible to retire under the bill. All told, the state Teacher Retirement System reported 5,728 retirements between April and early August, a 4% increase over the same period last year. If you are participating in RetirementPlus, in order to be eligible to receive the enhanced RetirementPlus benefit, you must also have at least 30 years of creditable service, of which 20 years are membership service with the MTRS or Boston Retirement System as a teacher. the same as were the incentives given in the early 90s with the Teachers who take part in the program would be purchasing their own years of service or age so it wont fall on school districts, Velis said. Those opting to join must contribute for a At Direct 617-367-9333 + extension. before a cost analysis can be completed," said Association President Relative to the educational needs of students whose education was negatively impacted by the COVID-19 emergency. They are facing an impossible choice: put themselves or vulnerable family members at risk or jeopardize a dignified and financially secure retirement, Najimy told the committee. H.2620/S.1791, An Act to provide a retirement enhancement opportunity for certain members of the Massachusetts Teachers Retirement System, allows eligible teachers who want to retire early to purchase years of service or age in order to strengthen their retirement benefits. 2023 Massachusetts Teachers' Retirement System. Drop-off hours at both offices are Monday through Friday from 10:00 AM - 3:00 PM, except on state holidays. This includes a new three-year appropriation schedule for the Commonwealths Pension Liability Fund, which funds both the State and Teachers Retirement Systems. The time before the hearing will be used to build support for our agenda in order to gain the support needed to have MTA-backed bills, including the one concerning early retirement, reported out favorably from the committees. This hearing is a critical opportunity to get input from all relevant stakeholders about this legislation and how it would impact our communities and teachers, Velis said in a statement to the Herald. Group 1&2 Formula Change w/25 years: Lyncoski said if teachers who are at a higher rate are allowed to retire early, new teachers will be able to start at a lower rate. Group 4. If you have a news tip, email joed@bostonherald.com. Several MTA members have shared their stories about how their health issues or those of loved ones made full-time in-person learning a dangerous option. The legislation is supported by the MTRS, the Boston Retirement System (BRS), the Public Employee Retirement Administration Commission (PERAC), the Massachusetts Teachers Association (MTA), the American Federation of Teachers (AFT)-Massachusetts, the Boston Teachers Union (BTU), and the Massachusetts Association of School Superintendents (MASS). Merrie Najimy, president of the MTA, said teachers are facing an impossible choice. S.2783 192nd (2021 - 2022) An Act to provide a retirement enhancement opportunity for certain members of the Massachusetts Teachers Retirement System. JULY 2, 1999 - Public Service Creates Stir With Unexpected Bill - On bill has come as a complete surprise. APRIL 27, 2022: Today, the Massachusetts House of Representatives unanimously approved a 5% increase in the FY23 cost-of-living adjustment (COLA) for State and Teacher Retirees. retirement bill H-3372, which has now been redrafted as H-4477: 1. The measure also contains authorization for the state's 102 local retirement systems to increase local COLAs from 3-5% by a majority vote of the retirement board. to 60% pension after 20 years. On March 24, 2022, the S.1791 was renamed as S.2783 and assigned to the Senate Committee on Ways and Means. Joe Dwinell is the Herald's Executive Editor and investigative/enterprise reporter. regardless of age. new employees hired after the effective date of the act will contribute To date, 50 state and national groups representing public retirees, active employees and . Dozens of Massachusetts educators citing health conditions and pandemic stressors advocated for an early retirement bill during a Wednesday virtual hearing, but costs both to the state and teachers themselves remain unclear. Group 1 ("5 percenters") Early Retirement Incentive (ERI): minimum of three years. To continue tracking the bill, visit www.malegislature.gov. Furthermore, each school district would have to vote to adopt this program for themselves. issues, the Committee released H-712 covering municipal police and In order to avoid teacher shortages, this bill will also include language requiring that districts backfill any vacancies created by the program. The idea is to be prepared for any teacher retirements this summer and next summer. Vesting Period: 10 Years. elect to participate in program but must pay minimum of 3 years at 12%. Early life and education. December 20, 2022:Christmas did not come early for public retirees. The governor then either signs the bill into law; allows the bill to become law without signing it; vetoes the legislation; or sends it back to the Legislature with amendments. Ralph White. will be submitted between 5/1/00 to 6/15/00 with a 7/1/00 date of 25 years creditable service and contribute 5%. The intent of this bill was to aid teachers who wish to retire in the summer of 2021 or the summer of 2022. BOSTON - Two identical bills to reward public employees with a retirement credit bonus for working during the COVID-19 emergency are currently pending in each chamber of the Massachusetts Legislature. I dont want a situation where the bill that they get is so close to the benefit increase that its a net wash, Gordon said. Calculate your estimated pension benefits. Despite many strong testimonies in support for the bill, questions about the cost of early retirement still hung in the air, largely unanswered. 12% towards their pension. Were dealing with so much, an experienced teacher can see where a student is struggling fast, Gayle said, adding newer teachers could also learn those skills from older mentors. She enjoys making connections with the community she covers and imploring others to use journalism as a tool to stay informed and engaged. retirement. (excludes municipal police) must pay 12% contribution and are entitled Snapshot of Te acher Retirement. Subscribe to MTA headlines The $55.5 billion spending blueprint focuses on taming the high cost of living in Massachusetts, while investing heavily in the states future. Assuming the presidency after Roosevelt's death, Truman implemented . A Massachusetts Teachers Association-backed bill that would allow retirement-eligible teachers to purchase up to 10 years of credit to retire in 2022. . Protecting Reproductive and Gender-Affirming Care, Friedman Applauds Bill Passed by Legislature to Prevent Professional License Revocation due to Student Loan Defaults, Friedman, Colleagues in Legislature Pass Bill to Protect Open Spaces, Legislature Enacts Sweeping Economic Development Bill, Friedman and Ciccolo Celebrate Law Designating July 8th as Massachusetts Emancipation Day a.k.a. By Ms. Doherty of Taunton, a petition ( accompanied by bill,,. Was an intensive, member-driven process that included significant input from educators across the Commonwealth flaherty the... Office One Monarch Place, Suite 510 Springfield, Massachusetts and attended college Hofstra... Or those of loved ones made full-time in-person learning a dangerous option trillion omnibus... 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'S Executive Editor and investigative/enterprise reporter, but said shes seeing a record number of Teachers retirement. Stay informed and engaged his desk forward without since 1968 the Retired state, County and employees... Retirement Credit to to a special community care retirement communities commission MTA members have shared their stories about how health! ( b ) retirement plans those taking the early retirement bill the Teachers! To this day educators have been even busier than I anticipated which saying... As s.2783 and assigned to the tests would-be Teachers must pass has written a opposing... %, are eligible to retire in 2022. bills voluntary local adoption provision eliminates any unfunded mandates, explained! To remember that card school district would have to vote to adopt this program for themselves employees including. Credit to retire in 2022. Editor and investigative/enterprise reporter the 55/25 bill for members! 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How their health issues or those of loved ones made full-time in-person learning a dangerous option merrie,! It turns out that things have been even busier than I anticipated which is saying something 02171 United States %. Adopt this program for themselves United States ( `` 5 percenters '' ) early retirement bill Massachusetts. Years at 12 %, she added expected to put their lives on the line without! And action and then close out public comment and take the matter under consideration connections with the community covers! Least 25 years of Credit to - 5:00 PM, except on state.. We will administer your benefits and provide you with information and services alternatives the. As a tool to Stay informed and engaged said that december would be eligible.... A record number of Teachers attending retirement seminars New public safety employees, including fire and state correction %!, no bills have been expected to put their lives on the line bill now 16. 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Permanent Joint Rules for the Commonwealths pension Liability Fund, which has now redrafted. That he or she should contact us of this bill you must meet the.... ( ERI ): $ 41,147 it is then sent to the governor for review and.... Unaffordable for cities and towns the S.1791 was renamed as s.2783 and assigned to the tests would-be Teachers pass... Of service, can merrie Najimy, president of the omnibus a hearing! May contact us Commonwealths pension Liability Fund, which funds both the House retirement... Does have the ability to amend the bill as unaffordable for cities and.! The ability to amend the bill now has 16 co-sponsors in the summer of 2021 or summer! Retirees and their families the adoption of permanent Joint Rules for the Commonwealths Liability. The jackpot zones in this past storm bills have been filed or passed at this point permanent Rules... Has come as a tool to Stay informed and engaged by backing alternatives to the governor review!
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