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 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)
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/S2382 |
Bill | https://malegislature.gov/Bills/192/S2382.pdf |
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