Bill
Bill > H3929
MA H3929
MA H3929Relative to the unfunded pension liability for retired sheriff’s department employees in Barnstable county
summary
Introduced
06/24/2019
06/24/2019
In Committee
12/22/2020
12/22/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
Relative to the unfunded pension liability for retired sheriff’s department employees in Barnstable County. Public Service.
AI Summary
This bill establishes the Deeds Excise Fund in Barnstable County to address the unfunded pension and benefit liabilities of retired sheriff's department employees. Beginning in fiscal year 2020, the county shall retain and transfer a portion of the state deeds excise collected in the county to this fund, as determined by an agreement between the state and county officials. The fund will be used solely to meet the county's annual retirement assessment and satisfy the unfunded liabilities until the minimum obligation is sufficient or the liability is fully paid. The bill takes effect upon passage.
Committee Categories
Budget and Finance, Labor and Employment
Sponsors (4)
Last Action
New draft substituted, see H5210 (on 12/22/2020)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/H3929 |
| Bill | https://malegislature.gov/Bills/191/H3929.pdf |
Loading...