Bill
Bill > H48
MA H48
Relative to non-commonwealth entities within the state employees’ retirement system
summary
Introduced
01/22/2019
01/22/2019
In Committee
02/24/2020
02/24/2020
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 non-commonwealth entities within the state employees’ retirement system. Public Service.
AI Summary
This bill amends subsection (4) of section 28 of chapter 32 of the General Laws to address the state employees' retirement system's treatment of non-commonwealth entities, such as districts, non-commonwealth governmental units, and educational collaboratives. Key provisions include:
1) Requiring these non-commonwealth entities to remit to the state board of retirement the employer's normal cost, as determined by the actuary, for benefits earned by their employees who are members of the state employees' retirement system.
2) Allowing the state retirement board to impose a 10% penalty on non-commonwealth entities that fail to remit their normal cost contributions or employee contributions by the required deadline.
3) Waiving outstanding reimbursements owed to the state retirement board by these entities for calendar years 2013-2015, while requiring reimbursements for 2016-2018 to be paid under terms set by the board.
4) Specifying that sections 1 and 2 of the bill take effect on July 1, 2019.
Committee Categories
Budget and Finance, 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 02/24/2020)
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/H48 |
| Bill | https://malegislature.gov/Bills/191/H48.pdf |
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