summary
Introduced
01/22/2019
01/22/2019
In Committee
07/29/2020
07/29/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
So much of the recommendations of the Department of the State Treasurer (House, No. 27) as relates to the 401(k) CORE program. Public Service.
AI Summary
This bill amends the law governing the 401(k) CORE program in Massachusetts. The key provisions are: 1) The state treasurer can adopt annual and supplemental budgets for the deferred compensation program, which can include salaries for treasury employees working on the program, and these employees will be members of the state retirement system. 2) The law limiting the number of employees for the program is removed. 3) The treasurer can seek to reduce operating expenses for the program through private donations or grants, including fundraising.
Committee Categories
Budget and Finance, Government Affairs, Labor and Employment
Sponsors (0)
No sponsors listed
Last Action
Bill reported favorably by committee and referred to the committee on House Ways and Means (on 07/29/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/H36 |
| Bill | https://malegislature.gov/Bills/191/H36.pdf |
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