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Bill > S1736


MA S1736

Relative to surplus in retirement systems


summary

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 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)

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