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Bill > H2727


MA H2727

To study the modernization of retirement systems for future state employees


summary

Introduced
03/29/2021
In Committee
03/29/2021
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

Relative to the feasibility of replacing the defined benefit pension plan for public employees with a defined contribution plan for future employees. Public Service.

AI Summary

This bill establishes a special commission to study the feasibility of replacing the Commonwealth's defined benefit pension plan for public employees with a defined contribution plan for future employees. The commission is tasked with investigating this potential pension reform and submitting a report with its findings, recommendations, and specific legislative proposals within one year of its appointment. The commission will then dissolve upon completion of its duties.

Committee Categories

Labor and Employment

Sponsors (1)

Last Action

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

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