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Bill > S2268


MA S2268

Relative to the 401(k) CORE program


summary

Introduced
01/24/2019
In Committee
04/25/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

For legislation relative to the 401(k) CORE program. State Administration and Regulatory Oversight.

AI Summary

This bill amends the existing law to allow the state treasurer to adopt annual and supplementary budgets for the deferred compensation program, which can include salaries for treasury employees working on the program. It also removes the limit on the number of persons that can be employed for the 401(k) CORE program. Additionally, the bill authorizes the state treasurer to seek private donations or grants to reduce the operating expenses of the 401(k) CORE plan.

Committee Categories

Government Affairs

Sponsors (2)

Last Action

Accompanied H36 (on 07/29/2020)

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