summary
Introduced
01/22/2019
01/22/2019
In Committee
01/22/2019
01/22/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
Relative to administering the deferred compensation program. State Administration and Regulatory Oversight.
AI Summary
This bill amends the Massachusetts General Laws to allow the state treasurer to adopt annual and supplemental budgets for the deferred compensation program (401(k) CORE program), including funding salaries for treasury employees working on the program. The bill also removes the limit on the number of persons the state treasurer can employ to administer the program and allows the treasurer to seek private donations or grants to reduce the program's operating expenses.
Committee Categories
Government Affairs
Sponsors (15)
Brian Ashe (D),
David Biele (D),
Michelle Ciccolo (D),
Mindy Domb (D),
Ann-Margaret Ferrante (D),
Carlos González (D),
Rich Haggerty (D),
Patrick Kearney (D),
Mary Keefe (D),
David LeBoeuf (D),
Brian Murray (D),
Tram Nguyen (D),
José Tosado (D),
Steve Ultrino (D),
Tommy Vitolo (D),
Last Action
Accompanied H36 (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/H2698 |
| Bill | https://malegislature.gov/Bills/191/H2698.pdf |
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