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Bill > S2382


MA S2382

Relative to modernizing the MBTA pension system


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 to modernize the MBTA Pension system. Transportation.

AI Summary

This bill aims to modernize the Massachusetts Bay Transportation Authority (MBTA) pension system. It establishes a special commission to study and make recommendations on various changes, including the feasibility of removing the MBTA from the Social Security system, creating a new retirement plan for MBTA employees, and transferring investment management to the Pension Reserves Investment Management (PRIM) Board. The commission, which will include representatives from the transportation secretary's office, the MBTA union, and experts in compensation and pensions, is required to submit a report with its recommendations to the state legislature by December 31, 2021.

Committee Categories

Transportation and Infrastructure

Sponsors (1)

Last Action

Accompanied a study order, see S2621 (on 01/24/2022)

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