Bill > H48

This bill amends Section 28 of Chapter 32 of the General Laws to address non-Commonwealth entities within the state employees' retirement system. The key provisions are: 1. Requiring non-Commonwealth governmental units, districts, and educational collaboratives whose employees are members of the state retirement system to remit the employer's normal cost of benefits earned by their employees as determined by the system's actuary. This cost is to be paid monthly and deposited into the pension reserve fund. 2. Authorizing the state retirement board to impose a 10% penalty on delinquent contributions for normal costs or employee contributions owed by participating employers. The board can also take legal action to recover outstanding amounts. 3. Waiving the requirement for reimbursements to the retirement board for calendar years 2013-2015, while requiring reimbursements for 2016-2018 under terms set by the board. 4. Defining "non-Commonwealth governmental unit" for the purposes of Section 28 as an employer whose employees are not state employees and whose regular compensation is not paid by the Commonwealth. 5. Providing an effective date of July 1 for Sections 1 and 2 of the bill.

Labor and Employment

https://malegislature.gov/Bills/192/H48