MA H35

Bill

Relative to the SMART Plan

Introduced
01/22/2019

In Committee
01/22/2019

Crossed Over

Passed

Dead
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 SMART Plan. Public Service.

AI Summary

This bill amends the Massachusetts General Laws to make several changes to the SMART Plan, which is the state's deferred compensation program. Specifically, the bill allows the state treasurer to adopt budgets for the SMART Plan, including using funds from the plan's administrative expense account to pay salaries of treasury employees who work on the program. The bill also creates an automatic enrollment feature for new state employees, which allows contributions to be deducted from their paychecks without their prior authorization, subject to certain requirements and opt-out provisions. Additionally, the bill allows local government bodies to elect to have the automatic enrollment feature apply to their employees as well.

Committee Categories

Labor and Employment

Sponsors (0)

No sponsors listed

Last Action

Accompanied a study order, see H5039 (on 10/15/2020)

Official Document

https://malegislature.gov/Bills/191/H35

(8 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/191/H35
Bill	https://malegislature.gov/Bills/191/H35.pdf

Bill	Bill Name	Last Action	Type
H31	Relative to surety bonds	Accompanied a study order, see H5160	Similar To
H33	Relative to motor vehicles and aircraft	Bill reported favorably by committee and referred to the committee on House Ways and Means	Similar To
H34	Relative to Treasury operations	Bill reported favorably by committee and referred to the committee on House Ways and Means	Similar To
H36	Relative to the 401(k) CORE program	Bill reported favorably by committee and referred to the committee on House Ways and Means	Similar To
H39	Relative to Lottery compliance investigations	Accompanied a new draft, see H4300	Similar To
H43	Relative to student debt	Accompanied a study order, see H5209	Similar To
H47	Relative to eligible prior service	Bill reported favorably by committee and referred to the committee on House Steering, Policy and Scheduling	Similar To
H5039	Study Order - Public Service Matters	Discharged to the committee on House Rules	Replaced by

Bill > H35

MA H35

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (0)

Last Action

Official Document

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