7
33
25
160
58
23
307
22
29
35
6
209
147
25
23
195
9
15
959
23
260
220
242
92
43
II
69
170
135
69
104
171
14
5
27
'!
16
63
77
19
22
385
296
314
43
82
326
39
435
%
105
71
351
473
265
016
015
930
473
268
350
145
919
058
902
380
667
783
156
678
311
355
351
382
002
386
634
308
III
836
318
391
Oil
656
464
957
660
566
299
420
018
261
181
679
705
098
635
Oil
251
979
965
737
797
602
157
725
827
521
103
522
007
244
522
207
010
720
966
$1.75
1.03
1.27
8.20
1.76
.77
1.24
.62
.40
1.43
.41
•^7
1.94
1.09
.94
1.07
2.37
1.15
1.15
1.34
1.45
.66
.16
.58
.50
6.21
3.54
.90
.07
2.07
1.03
.54
9.53
.64
.10
3.15
2.18
.66
.45
.90
3.15
1.50
1.55
6.95
1.03
6.23
.61
.93
.23
.15
.52
.33
3.92
7.88
3.16
2.61
.57
.31
.46
.56
.12
1.16
.69
1.29
1.13
.25
1.43
1.38
.89
.40
.75
5.45
3.61
3.03
1.41
1.91
1.17
.22
1.22
3.11
$1.26
$ .73
.75
1.00
2.23
1.27
6.69
15.24
1.66
1.65
.78
.77
â– .li
1.34
.61
.29
.36
1.30
1.46
.64
.'*9
.t5
.21
1.27
1.39
1.5'*
1.49
1.06
.61
•95
.97
1.16
2.05
2.19
2.44
1.16
1.11
1.44
.53
1.17
•i
!64
.10
:Ei
2.64
\-ll
1.26
.64
.85
.22
.15
.86
1.22
.91
1.02
.99
.66
^:^?
8.07
.72
.15
.12
2.91
3.03
2.23
1.15
.89
1.09
.26
.41
.7t
.63
4.97
5.89
2.11
1.23
.68
1.26
9.03
l-M
2.26
2.44
1.21
1.13
.40
.95
.59
\^
.79
.70
.9'*
.40
.24
.41
.5t
.69
.23
.20
1.95
.13
7.27
4.19
3.64
1.74
3.01
2.77
•51
.46
.84
1.03
.43
:5^
.63
1.09
.^^1
.97
1.20
.72
â– 11
.44
.81
.91
.21
.34
1.46
1.79
1.18
.73
.68
.73
.48
.90
^•'5
.59
1.98
1.92
1.37
2.79
'â– .11
.70
2.17
1.44
.4^
.47
1.37
1-91
.82
1.18
P.D. 9, Part 1
TABLE It - MASSACHUSETTS WORKMEN'S COMPENSATION EXPERIENCE ON POLICIES ISSUED m ALL CARRIERS
FOR THE PRINCIPAL CLASSIFICATIONS UNDER THE SCALE OF BENEFITS AND PREMIUM RATES FOR THOSE
AUDITED PAYROLLS
CLASSIFICATION OF RISKS
Tool Mfg. :
Machining or Finishing
Not Drop or Machine Forged Tools
Towel or Toilet Supply Cos.
Tree Pruning, Spraying, etc.
Truckmen - N.O.C.
Upholstering
Valve Mfg.
Waterworks Operation
Webbing Mfg.
Welding or Cutting - N.O.C.
Wire Cloth Mfg.
Wire Drawing - Iron or Steel
Wire Goods Mfg. - N.O.C.
Woodenware Mfg. - N.O.C.
Wool Combing or Scouring
Wool Merchants
Wool Spinning and Weaving
y.M.C.A. and Y.W.C.A. Institutions
Yarn Mfg. - Wool
Yarn or Thread Dyeing or Finishing
Yarn or Thread Mfg. - Cotton
Policies
Policies
Policies
Code
Issued
Issued
Issued
Number
1951
1952
1953
311"*
$1,755,952
$1,180,760
38.094,802
$1,014,474
3113
37.624,371*
36,472,110
2587
0106
1,'*39,131
1,508,848
1,633,995
1,779.260
2,143,579
2.454,171
7219
46,56l,9''3
50,252,227
51.325,308
9522
7,203,257
8,023,694
7,947,620
363t
17,617,000
18,807,835
17.024^209
7520
3,777.231
4,095.335
4,134,448
2380
9,415,671
10,092,568
9,414,215
3365
2,051,7'tO
2,385,875
2,359.269
2,084,574
3255
1.647,406
1.907,000
32'*!
16,211,444
15,027,663
4,491.139
6,480.444
13,236,772
284l
4,106,842
4,829,677
5,474,021
6,161,514
2260
8,321,112
10,557.768
3.626,803
10,311,487
8103
3,151.776
3.443.332
2286
76,423,699
55.220,956
46.580,838
9063
3,922,200
4,052,017
4,304,433
2291
6,885,262
7,430,347
2,113,428
8.864,870
2W6
2,455,464
1,650,950
2220
4,839,022
4,386,147
3,812,551
Total Table 14 Experience
$3,672,366,926 $3,832,677,489 $4,035,877,367
In the above table there are presented classifications covering the most important lines
of industry in Massachusetts, including manufacturing and contracting risks, commercial
enterprises and public utilities.
There are shown for policies Issued in each of the calendar years 1951, 1952 and 1953:-
(a) The actual payrolls as tlsclosed by the insurance carriers' audit, which payrolls
are based on the wage levels in effect for the respective years.
(b) The audited premiums earned which, are based on the actual rates charged, that is,
the manual or base rates applicable during the policy period, adjusted by the application
of the Plan of Experience rating in effect and applied to risks eligible therefor.
F.D. 9, Part 1
DURING THE CALENDAR YEARS 1951. 1952 and 1953
YEARS RESPECTIVELY (see Further Explanation In Footnote).
AUDITED EARNED PREMIUMS
LOSSES INCURRED
NET LOSS COST PER $100 OF PAYROLL
Follcle
3 Policies
Policies
Issued
Issued
Issued
1951
1952
1953
$53,982
$22,688
$20,986
355,39'*
361.310
356,648
13,873
11+1,989
17.779
21,550
203,313
233,423
1,811,37"*
1,986,810 2
,100,742
88,770
108,497
114,869
268, ion
291,575
277,892
122,101*
133,445
131,915
91,831*
101,031
95,'*67
87,718
17,862
124,914
123,092
35,846
37,326
25"*, 579
244,282
213,492
56,098
76,712
83,023
180,61*8
195,343
173,345
197,1'*!
259,858
311,356
84,876
126,331
137,491
897.138
646,732
649,800
45,942
57.851
63,465
100,269
89.291
110,670
34.967
30,046
24,297
61,707
61,002
56,421
46,761 . 954
$52,536,608 $55
,272,792
Policies
Issued
1951
Policies
Issued
1952
Policies
Issued
1953
Policies
Issued
1951
Policies
Issued
1952
Policies
Issued
1953
$11,788
195,644
$32,435
$12, 180
$ .68
178,882
287.773
.52
3.215
6,223
13.009
.22
103.722
105,400
1,164,374
195,081
5.83
985.204
1,177,041
2.12
33.757
57,512
71,258
.^7
165.903
99,797
98,471
.9'*
59.344
58,193
72,023
1.57
56,995
111,044
60,228
.61
34,385
25,191
26,425
1.68
9,103
10,271
2,016
.55
176,800
82.644
166,007
80,862
1.09
63.214
73,971
2.01
104,575
86,008
101,145
1.70
208,745
48,^61
147,846
125,605
114,435
2.51
193.419
1.55
717.361
503.160
616,902
.9'*
29.379
71.163
16,564
26,135
.75
107,764
28,874
102,832
1.03
9.622
17,013
.39
73.562
29.851
55,178
1.52
$2.75
.'*7
.41
4.92
2.32
.72
1.42
1.10
1.06
.5'*
1.10
1.41
1.33
1.40
5.33
.91
.41
l.'*5
1-37
$31,128,290 $31,797,050 $30,369.
$ .85
.83
$1.20
•79
7.95
2.29
.90
.58
1.74
.64
.61
1.85
1.22
3.32
1.32.
.61
1.16
1.03
l.'*5
$ .75
;,CHUS£TXS
yHWER^> ' '
,aY
P»mc Document
No. 9
,®Iji^ fflommnum^altlf nf iltas^arliusrtts
ANNUAL REPORT
of the
OMMISSIONER OF INSURANCE
for the
Year Ending December 31, 1954
PART II
Life, Miscellaneous and Fraternal
Insurance
Retirement Systems and Pensions
Department of Banking and Insurance
Compiled and Edited under the
Direction of
JOSEPH A. HUMPHREYS
Commissioner of Insurance
Publication of this Document Approved by George J. Cronin, State Purchasing Agent
350-6-57-920561
I
TABLE OF CONTENTS
PART II
COMMISSIONER'S REPORT
PAGE
INTRODUCTION iii
LEGISLATION iii
DEPARTMENTAL RULINGS AND IVIEMORANDA OF ORDER xiv
EXAMINATION OF INSURANCE COMPANIES AND
FRATERNAL ORGANIZATIONS xvii
EXPENSE OF ZONE EXAMINATIONS xv ii i
COMPANIES ADMITTED xix
COMPANIES WITHDRAWN xix
EXAMINATIONS OF SAVINGS BANK LIFE INSURANCE DEPARTMENTS xix
EXAMINATIONS OF RETIREMENT SYSTEMS xx
REPORTS OF RECEIVERSHIPS OF INSURANCE COMPANIES AND
FRATERNAL ORGANIZATIONS xx
BOARD OF APPEAL ON MOTOR VEHICLE LIABILITY POLICIES
AND BONDS xxiv
DEPARTMENT FINANCES xxv
DIVISIONAL INCOME AND EXPENSES FOR TEN YEAR PERIOD
BEGINNING WITH 1945 xxvi
CONCLUSION xxvii
LIFE COMPANIES AUTHORIZED DECEMBER 31, 1954 2
STATISTICAL TABLES:
A - Summary from other tables as of Dec. 31, 1954 6
B - Income 8
C - Disbursements 10
D - Assets 12
E - Liabilities 16
F - Policy Exhibit of Issues, Terminations, etc. 18
A.B.C.D, E. and F. Applied to Savings and Insurance Banks 22
G - Classification of policies and insurance in force 30
G2- Classification of annuities 46
H - Mode of termination 56
I - Massachusetts Business 58
J - Annual Dividends - Ordinary Life 61
K - Annual Dividends - 20-Payment Life 62
L - Annual Dividends - 20-Year Endowment 63
Ml- Summary of operations 66
M2- Surplus account 72
M3- Analysis of increases in reserve 74
N - Salaries 7^
- Bank Balances 80
FRATERNAL BENEFIT SOCIETIES:
1 - Date of incorporation, location and officers 86
2 - Income, disbursements, membership and deaths 102
3 - Assets and liabilities 107
4 - Assets, liabilities and membership 112
NON-PROFIT HOSPITAL SERVICE CORPORATION:
1 - Date of incorporation, location and officers )
2 - Income, disbursennents, membership ) 123
3 - Assets and liabilities )
P-. D. 9
Part II
THE COMMONWEALTH OF MASSACHUSETTS
DEPARTMENT of BANKING and INSURANCE
DIVISION of INSURANCE
DECEMBER 31, 1954
To the General Court of Massachusetts:
Contained herein, for the consideration of your Honorable Body, is information
and data constituting Part II of the annual report of the Commissioner of Insur-
ance for the year ending December 31, 1954. This part of the Report deals with
matters relating to the transacting, within the Commonwealth, of Life, Miscel-
laneous and Fraternal Insurance and Retirement Systems and Pensions (contrib-
utory retirement system for public employees), under the provisions of Massa-
chusetts Law. It is to be noted that this part of the Report does not embrace
Fire, Marine and Casualty Insurance matters as same are dealt with in Part I
of the Report.
Verbatim copy of Massachusetts' 1954 insurance legislation, pertaining to the
transaction of insurance in all classifications, is set forth in Part I of the Re-
port. For reference purposes said legislation is listed in this part of the Re-
port under the caption LEGISLATION. Relative thereto, the full text of the
General Laws of Massachusetts, as amended through December 31, 1954, per-
taining to the transaction of insurance, is set forth in the Division of Insurance
recompiled publication, "Insurance Laws". This volume may be procured from
the Superintendent of Public Documents, Office of the Secretary of State, State
House, Boston, Massachusetts. Supplements to said volume will be duly pub-
lished and likewise procurable, as insurance legislation is enacted in subsequent
ye a r s .
With respect to legislation enacted by the General Court of Massachusetts in
1954 amending Chapter 32 of the General Laws, "Laws Relating to Retirement
Systems and Pensions, " such amendments are reported herein by verbatim
copy thereof, under the caption LEGISLATION, as same are pertinent to the
subject matter embraced in this part of the Report.
LEGISLATION
Insurance legislation enacted by the General Court of Massachusetts during
the session of 1954 may be found in verbatim copy thereof in Part I of the Re-
port. The list and identification of same is as follows:
CHAP. 65 - AN ACT FURTHER DEFINING UNEMC UMBERED REAL
PROPERTY UPON WHICH DOMESTIC INSURANCE
COMPANIES MAY MAKE LOANS. (Amendment of paragraph
7, Section 63, Chapter 175, General Laws).
CHAP. 66 - AN ACT RELATIVE TO DATING OF LIFE INSURANCE
POLICIES AND ANNUITY CONTRACTS. (Amendment of
Section 130, Chapter 175, General Laws).
CHAP. 68 - AN ACT RELATIVE TO WRITING DOWN THE VALUE OF
REAL PROPERTY HELD FOR INVESTMENT PURPOSES
iv P.D. 9
BY DOMESTIC LIFE INSURANCE COMPANIES. (Amendment
of Section 66B, Chapter 175, General Laws).
CHAP. 75 - AN ACT AUTHORIZING A DOMESTIC LIFE INSURANCE
COMPANY TO INSURE THE LIVES OF ITS EMPLOYEES
AND TO PAY THE COST OF OR THE PREMIUM FOR ANY
GROUP POLICY ISSUED BY IT. (Amendment of paragraph 3,
Section 36, Chapter 175, General Laws).
CHAP. Ill - AN ACT RELATIVE TO THE INVESTMENTS OF DOMESTIC
LIFE INSURANCE COMPANIES IN MASSACHUSETTS VOL-
UNTARY ASSOC LOTIONS AND TRUSTS. (Amendment of
paragraph 14A, Section 63, and paragraph 2, Section 66,
Chapter 175, General Laws).
CHAP. 176 - AN ACT RELATIVE TO THE INVESTMENTS OF DOMESTIC
INSURANCE COMPANIES IN LOANS UPON MORTGAGES.
(Amendment of Section 65, Chapter 175, General Laws).
CHAP. 247 - AN ACT TO PERMIT ACCIDENT AND HEALTH INSURANCE
COMPANIES TO COVER THEIR EMPLOYEES FOR ACCIDENT
AND HEALTH INSURANCE. (Addition of Section 36B, Chapter
175, General Laws).
CHAP. 266 - AN ACT RELATIVE TO THE POWER OF BOILER AND
MACHINERY INSURANCE COMPANIES TO MAKE INSPEC-
TIONS. (Amendment of Clause 5, Section 47, Chapter 175,
General Laws).
CHAP. 274 - AN ACT RELATIVE TO THE SERVICE CHARGES FOR
SECURING MOTOR VEHICLE LIABILITY INSURANCE FOR
CERTAIN PERSONS. (Addition of Section 113J, Chapter 175,
General Laws).
CHAP. 275 - AN ACT RELATING TO INDIVIDUAL ACCIDENT AND HEALTH
INSURANCE POLICIES. (Amendment of Section 108, Chapter
175, General Laws).
CHAP. 285 - AN ACT RELATIVE TO THE INCONTESTABLE CLAUSE IN
GROUP LIFE POLICIES. (Amendment of Provision I, Section
134, Chapter 175, General Laws).
CHAP. 294 - AN ACT RELATING TO THE PURCHASE OF INSURANCE BY
CERTAIN CORPORATIONS BY MEMBERS THEREOF.
(Amendnnent of paragraph 4, Section 174, Chapter 175,
General Laws).
CHAP. 318 - AN ACT RELATING TO INDIVIDUAL ACCIDENT OR HEALTH
INSURANCE POLICIES. (Amendment of paragraph 1, Section
149, Chapter 175, General Laws).
CHAP. 320 - AN ACT RELATIVE TO THE PAR VALUE OF SHARES OF
CAPITAL STOCK OF INSURANCE COMPANIES. (Amendment
of Section 49, Section 50, and Section 71, Chapter 175,
General Laws).
CHAP. 327 - AN ACT RELATIVE TO THE ISSUANCE OF GENERAL OR
BLANKET ACCIDENT AND HEALTH INS.URANCE POLICIES.
(Amendment of Section 110, Chapter 175, General Laws).
Part II V
CHAP. 334 - AN ACT REQUIRING INSURERS UNDER THE COMPULSORY
MOTOR VEHICLE LIABILITY INSURANCE LAW TO FURNISH
COPIES OF REPORTS OF MEDICAL EXAMINATIONS. {Ad-
dition of Section 113J, Chapter 175, General Laws).
CHAP. 398 - AN ACT PERMITTING CERTAIN FRATERNAL BENEFIT
SOCIETIES TO CONTRACT WITH INSURANCE COMPANIES
FOR THE PAYMENT OF BENEFITS, (Amendnnent of
Section 46C, Chapter 176, General Laws).
CHAP. 464 - AN ACT AUTHORIZING AGENTS AND BROKERS TO ACCEPT
PAYMENT OF INSURANCE PREMIUMS IN INSTALMENTS,
AND TO FINANCE INSURANCE PAYMENTS. (Addition of
Section 162B, Chapter 175, General Laws).
Applicable sections of Acts of The General Court of Massachusetts during 1954
amending, "Laws Relating To Retirement Systems And Pensions, " Chapter 32
of the General Laws, are reported herein, as follows:
CHAPTER 126 - AN ACT AUTHORIZING THE DEPOSIT OF CERTAIN FUNDS
OF THE COMMONWEALTH AND ITS POLITICAL SUB-
DIVISIONS IN CO-OPERATIVE BANKS.
Be it enacted, etc., as follows:
SECTION 1. Paragraph (b) of subdivision (2) of section 23 of Chapter 32 of the
General Laws is hereby amended by striking out clause (iii), as appearing in
section 1 of Chapter 658 of the acts of 1945, and inserting in place thereof, the
following clause: -
(iii) In paid-up shares and accounts of and in co-operative banks.
Approved February 17, 1954.
CHAPTER 268 - AN ACT RELATIVE TC CREDITABLE SERVICE IN THE
RETIREMENT OF CERTAIN POLICE OFFICERS AND
FIREMEN IN CERTAIN CITIES AND TOWNS.
Be it enacted, etc., as follows:
Chapter 32 of the General Laws is hereby amended by inserting after section
85H, inserted by section 2 of Chapter 431 of the acts of 1952, the following
section: - Section 851. Notwithstanding the provisions of section eighty-five G,
any mennber of a police or fire department of a city or town which accepts this
section in the manner hereinafter provided who is hereafter retired under the
provisions of sections eighty to eighty-five F, inclusive, and who was appointed
a reserve police officer or a reserve or call fireman prior to July first, nine-
teen hundred and thirty-seven, may, for the purposes of such retirement, be
accredited as a part of his continuous service such service as a reserve police
officer or reserve or call fireman as the retiring authority shall determine.
This section shall take effect in a city having a Plan E charter when accepted
by an affirmative vote of two-thirds of the city council, and approved by the
city manager; in the case of other cities by a two-thirds vote of the city council
and approved by the mayor; and in a town by a majority vote at the annual town
meeting.
Approved April 5, 1954.
vi P.D. 9
CHAPTER 343 - AN ACT PROVIDING THAT PERSONS RECEIVING PENSIONS
OR RETIREMENT ALLOWANCES WHO ARE ELECTED TO
CERTAIN POSITIONS BY THE COUNCIL IN PLAN E CITIES
MAY RECEIVE COMPENSATION THEREFOR.
Whereas, The deferred operation of this act would tend to defeat its purpose,
which is to provide without delay that persons receiving pensions or retirement
allowances and who are elected to certain positions by the council in Plan E
cities may receive connpensation therefor, therefore, it is hereby declared to
be an emergency law, necessary for the immediate preservation of the public
convenience .
Be it enacted, etc., as follows:
SECTION 91 of Chapter 32 of the General Laws, as amended, is hereby
further amended by striking out the sentence amended by Chapter 264 of the
acts of 1950 and inserting in place thereof the following sentence:- Notwith-
standing the foregoing provisions of this section or similar provisions of any
special law, a person who, while receiving such a pension or retirement
allowance, is appointed for a term of years to a position by the governor with
or without the advice and consent of the council or is appointed for a term of
years to a position by the mayor or city manager of any city with or without
confirmation by the city council or in Plan E cities is elected for a term of
years to a position by the city council shall be paid the compensation attached
to the position to which he is appointed or elected; provided, that he files
with the treasurer of the governmental unit paying such pension or allowance,
a written statement wherein he waives and renounces for himself, his heirs
and his legal representattives his right to receive the same, for the period
during which such compensation is payable.
Approved April 27, 1954.
CHAPTER 348 - AN ACT PERMITTING TEACHERS UNDER CERTAIN
CONDITIONS TO REMAIN IN SERVICE UNTIL THE END
OF THE SCHOOL YEAR IN WHICH THE MAXIMUM AGE
IS ATTAINED.
Whereas, The deferred operation of this act would tend to defeat its purpose,
which is to make certain provisions of law relative to retirement of teachers
become effective for the present school year, therefore, it is hereby de-
clared to be an emergency law, necessary for the immediate preservation
of the public convenience.
Be it enacted, etc., as follows:
Subdivision (l) of section 5 of Chapter 32 of the General Laws is hereby
amended by inserting after paragraph (e) the following paragraph: -
(f) Notwithstanding any other provision in paragraph (a) of this subdivision,
any teacher who attains the maximum age for retirement in any school year
may, upon written request for the continued employment of such teacher by
the employing school commiittee or other employer filed in the office of the
board not more than ninety days and not less than thirty days prior to the at-
taining of said maxinnum age, remain in service until the end of said school
year, whereupon said service shall cease and retirennent shall then become
effective; provided, that no regular deductions for the retirement fund shall
be made from any salary for service beyond the date when the maximum age
was attained. Any member who, under the provisions of this paragraph, is
permitted to remain in service beyond the maximum age shall, at any time,
Part II ^
upon his written application on a prescribed form, be retired for superannuation
as of a date which shall be specified in such application, and which shall be not
less than thirty days and not more than four months after the date such applica-
tion is on file in the office of the board, but in no event later than the end of the
school year in which he attains the maximum age. The retirement allowance
from the date of retirement of a person who rennains in service under this para-
graph beyond the maximum age shall be at an annual rate equal to that to which
he would have been entitled had retirement taken effect at said maxinnum age.
Approved April 28, 1954.
CHAPTER 445 - AN ACT RECLASSIFYING CERTAIN EMPLOYEES UNDER
THE STATE RETIREMENT SYSTEM.
Be it enacted, etc., as follows:
SECTION I. Paragraph (g) of subdivision (2) of section 3 of Chapter 32 of the
General Laws is hereby amended by striking out the definition of Graup B, as
most recently amended by Chapter 157 of the acts of 1952, and inserting in
place thereof, the following: -
Group B. - Members of police and fire departments not classified in Group A,
members of the police force of the metropolitan district commission, capitol
police, public works building police, permanent watershed guards and perma-
nent park police, employees of the Port of Boston Commission comprising
guards, guard sergeants, head guard and chief of waterfront police, conserva-
tion officers paid as such, district fire wardens, coastal wardens in the de-
partment of natural resources, officials and employees of the registry of
motor vehicles having police powers, employees of the General Edward Law-
rence Logan International Airport, comprising permanent crash crewmen,
fire control man, assistant fire control men, and employees of the common-
wealth and of any county, regardless of any official classification, whose
regular and major duties require them to have the care, custody, instruction
or other supervision of prisoners or insane persons or of defective delinquents;
provided, that no member who attains age sixty-five while classified inGroupA
may thereafter be classified in Group B, irrespective of change of employment.
SECTION 2. This act shall take effect on January first, nineteen hundred and
fifty-five .
Approved May 18, 1954.
CHAPTER 492 - AN ACT AUTHORIZING CERTAIN RETIRED PERSONS AND
THOSE CLAIMING UNDER THEM TO WAIVE THEIR
RIGHTS TO ANY PORTION OF THEIR RETIREMENT AL-
LOWANCES.
Whereas, The deferred operation of this act would tend to defeat its purpose,
which is to permit at once persons receiving pensions to waive certain rights
therein, therefore, it is hereby declared to be an emergency law, necessary
for the immediate preservation of the public convenience.
Be it enacted, etc., as follows:
Subdivision (2) of section 5 of Chapter 32 of the General Laws is hereby
amended by adding at the end thereof the following paragraph: -
(g) Any member in service retired for superannuation or any person claim-
ing under any such retired employee whether as beneficiary, dependent or
otherwise, may waive and renounce for himself, his heirs and legal represen-
tatives any portion of the pension due him from the commonwealth of Massachu-
viii P.D. 9
«etts, or any of its political subdivisions, on account of service rendered.
Approved May 27, 1954.
CHAPTER 549 - AN ACT PROVIDING THAT PERSONS RECEIVING PENSIONS
OR RETIREMENT ALLOWANCES WHO ARE APPOINTED
TO CERTAIN POSITIONS IN TOWNS MAY RECEIVE COM-
PENSATION THEREFOR.
Whereas, The deferred operation of this act would tend to defeat its purpose,
which is to provide without delay that persons receiving pensions or retire-
ment allowances and who are appointed to certain positions in towns may re-
ceive compensation therefor, therefore, it is hereby declared to be an emer-
gency law, necessary for the immediate preservation of the public convenience.
Be it enacted, etc., as follows:
Section 91 of Chapter 32 of the General Laws is hereby amended by striking
out the second sentence, as nnost recently amended by Chapter 343 of the acts
of 1954, and inserting in place thereof the following sentence:- Notwithstand-
ing the foregoing provisions of this section or similar provisions of any
special law, a person who, while receiving such a pension or retirement