Bill > H2429

This bill establishes an elected and appointed board for the Hampden County Regional Retirement System. The board will consist of seven members, six of whom are elected and one appointed by the treasurers of the system's member agencies. The administrators, who are appointed by the chief elected official or governing body of each member agency, will be responsible for electing three of the board members and approving changes to the system's bylaws. The bill outlines the specific election process for the board members and the initial staggered terms of the elected members. It also requires the board to create or direct the creation of bylaws for the organization, which must be ratified by a two-thirds vote of the administrators. The bill aims to provide more oversight and accountability for the Hampden County Regional Retirement System.

Labor and Employment

https://malegislature.gov/Bills/193/H2429