summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
For legislation relative to surplus in retirement systems. Public Service.
AI Summary
This bill establishes a special commission to study surplus in retirement systems in Massachusetts. The commission will consist of 14 members, including state legislators, government officials, and representatives from various retirement boards and associations. The study will focus on establishing parameters for the use of surplus funds for fully funded pension systems, setting a threshold for declaring a surplus, and addressing any other related issues. The commission is required to submit a report with its findings and recommendations, along with any necessary draft legislation, by January 1, 2022.
Committee Categories
Labor and Employment
Sponsors (1)
Last Action
Accompanied a study order, see S2679 (on 02/10/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://malegislature.gov/Bills/192/S1736 |
Bill | https://malegislature.gov/Bills/192/S1736.pdf |
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