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Bill > S2145


MA S2145

MA S2145
Relative to modernizing the MBTA pension system


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 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)

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