summary
Introduced
04/13/2021
04/13/2021
In Committee
03/24/2022
03/24/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
So much of the recommendations of the Department of the State Treasurer (House, No. 25) as relates to SMART Plan budgets. State Administration and Regulatory Oversight.
AI Summary
This bill amends Section 64 of Chapter 29 of the General Laws to allow the State Treasurer, on behalf of the deferred compensation program (SMART Plan), to adopt annual and supplemental budgets. These budgets may include salaries for Treasury employees who work on or administer the SMART Plan, and can be funded from the SMART Plan's administrative expense account. Any Treasury employees whose compensation is sourced from the SMART Plan will be considered "employees" and members of the Massachusetts State Employees' Retirement System.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (0)
No sponsors listed
Last Action
No further action taken (on 01/03/2023)
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/192/H34 |
| Bill | https://malegislature.gov/Bills/192/H34.pdf |
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