MA H2622

Bill

Relative to purchasing power protection for retiree benefits

Introduced
03/29/2021

In Committee
03/29/2021

Crossed Over

Passed

Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

For legislation to direct the Teachers’ Retirement Board to study the costs and actuarial liabilities attributable to purchasing power protection for certain benefits for retired teachers. Public Service.

AI Summary

This bill directs the Teachers' Retirement Board to study the costs and actuarial liabilities of providing 75% purchasing power protection for retired teachers. The board is required to make recommendations on implementing this protection incrementally and to prepare a supplemental pension funding schedule to reduce the related actuarial liability to zero by June 30, 2034. The board must file a report with its recommendations and draft legislation by December 31, 2019.

Committee Categories

Labor and Employment

Sponsors (1)

Dan Donahue (D)*,

Last Action

Accompanied a study order, see H4960 (on 07/05/2022)

Official Document

https://malegislature.gov/Bills/192/H2622

(4 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/192/H2622
Bill	https://malegislature.gov/Bills/192/H2622.pdf

Bill	Bill Name	Last Action	Type
H2623	To provide fair and affordable public retiree benefits	Accompanied a study order, see H5206	Similar To
H2661	Relative to the retirement benefits of certain employees of the Department of Transitional Assistance and the Department of Housing and Community Development	Accompanied a study order, see H5319	Similar To
H2750	Relative to the State Retiree Benefits Trust Fund board of directors	Accompanied a study order, see H4960	Similar To
H4960	Public service matters	No further action taken	Replaced by

Bill > H2622

MA H2622

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (1)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary