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Bill > H2324


MA H2324

To study the modernization of retirement systems for future state employees


summary

Introduced
01/22/2019
In Committee
01/22/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

Relative to the feasibility of replacing the defined benefit pension plan for public employees with a defined contribution plan for future employees. Public Service.

AI Summary

This bill establishes a special commission to study the feasibility of replacing the Commonwealth's defined benefit pension plan for public employees with a defined contribution plan for future employees. The commission is tasked with investigating this potential pension reform and submitting a report with its findings, recommendations, and legislative proposals within one year of being appointed. The commission will then dissolve upon completing its duties.

Committee Categories

Labor and Employment

Sponsors (1)

Last Action

Accompanied a study order, see H4722 (on 05/20/2020)

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