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Bill > S1551


MA S1551

MA S1551
To increase membership in the PRIM Board


summary

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

Introduced Session

191st General Court

Bill Summary

For legislation to increase membership in the PRIM Board. Public Service.

AI Summary

This bill aims to increase the membership of the PRIM (Pension Reserves Investment Management) Board from 9 to 11 members. Specifically, it proposes to add two new members: one appointed by the executive board of the Massachusetts Association of Contributory Retirement Systems (MACRS) who shall be from a regional or county retirement board that has funds in the PRIT (Pension Reserves Investment Trust) fund, and another appointed by the MACRS executive board who shall be from a municipal retirement board that has funds in the PRIT fund. These additional members are intended to provide greater representation from the various retirement systems that participate in the PRIT fund.

Committee Categories

Labor and Employment

Sponsors (1)

Last Action

Accompanied a study order, see S2545 (on 02/18/2020)

bill text


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