1946-11-05-STATE-ELECTION-WARRANT

Browse Search

I✓ -3- A person is not to be disqualified from receiving a pension because of the ownership of an equity in vacant land from which there is insufficient income to provide for his budgetary needs or minimum payments, or the ownership of an equity in real estate by an applicant who resides thereon or who, in the opinion of the Commission is residing elsewhere because of physical or mental incapacity, provided that if such equity on the basis of assessed valuation exceeds an average of $3 ,000 during the five years immediately preceding application for the pension, the applicant shall execute a bond in the penal sum for the amount of the equity in excess of $3 ,000 conditioned on repayment to the Commonwealth of all amountsiphid as such pension without interest, such bond to be secured by a mortgage on the applicant 's real estate. Provision is made for the recording of such bond and mortgage without a fee and the apportionment of the proceeds realized from any of them between the Federal government and the Commonwealth. A person is not to be disqualified from receiving a pension by reason of the ownership of a policy of group insurance or of a policy of insurance in an amount not exceeding $1,000 or of a policy of insurance in an amount not exceeding $3 ,000, having a cash surrender value not in excess of $1,000, if such policy has been in effect not less than fifteen years. No pension shall be granted to an applicant who at any time within five years immediately prior to the filing of an application for such pension has made an assignment or transfer of property so as to render himself eligible to such pension. No pension shall be subject to trustee process or assignment, and no applicant for a pension, who knowingly makes any false statement or perpetrates any fraud or deception in relation to his application, shall be granted any pension nor be eligible for one during one year thereafter. A person, his executor or administrator shall be liable in contract to the Commonwealth for expenses incurred by it for a pension paid to such person under this chapter if such person or his estate is in possession of funds not otherwise exempted thereunder. If an application for a pension under this chapter is effected by the eligibility of the applicant to receive aid under General Laws (Ter. Ed. ) , c. 115, which relates to State and Military Aid and Soldiers, Relief, the applicant shall be entitled to exercise such options and execute such waivers as may be necessary to receive the pension which he seeks. All cities and towns in the Commonwealth shall furnish suitable headquarters for the carrying out of the duties of the commission in such cities and towns. The measure further provides that there shall be established and set up on the books of the Commonwealth a separate fund, to be known as the Old Age Pension Fund, consisting of receiptscredited to said fund under General Laws (Ter. Ed. ) c. 648, G. L. (Ter. Ed. ) c. 128A, 15, as amended,. G. L. (Ter. Ed. ) c. 138, 27, as amended, and all proceeds of taxes ageessed under Acts of 1941, c, 729, 9 and 9A. The Old Age Assistance Fund as in force immediately prior to the effective date of this act is hereby continued in existence, but shall hereafter be entitled "The Old Age Pension Fund. " It is provided that all civil service employees in the Department of Public Welfare of the Commonwealth, including the supervisor, referee: and employees of the subdivision of appeals in said department or of any city or town, employed in the administration of the Old Age Assistance Law on the effective date of this proposed measure, shall be transferred to the service of the Old Age Pension Commission, retaining their present civil service seniority retirement rights and any step increases from the minim'nnpay of their grade earned during their service with said department or said bureaus.