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
For legislation relative to modernizing the MBTA Pension system. Transportation.
AI Summary
This bill establishes a special commission to study and modernize the Massachusetts Bay Transportation Authority (MBTA) pension system. The commission will include the Secretary of Transportation, a union representative, and three experts in compensation and pensions. The commission will examine the feasibility of moving the MBTA out of the Social Security system, creating a new group retirement plan for MBTA employees, and transferring investment management to the Pension Reserves Investment Management (PRIM) Board. The commission is required to submit a report with recommendations to the state legislature's Joint Committee on Transportation by December 31, 2019.
Committee Categories
Transportation and Infrastructure
Sponsors (2)
Last Action
Accompanied a study order, see S2558 (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/S2145 |
| Bill | https://malegislature.gov/Bills/191/S2145.pdf |
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