Bill
Bill > H2651
summary
Introduced
02/16/2023
02/16/2023
In Committee
02/16/2023
02/16/2023
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
Relative to the funding ratio of the public employee retirement system. Public Service.
AI Summary
This bill amends Section 22 of Chapter 32 of the Massachusetts General Laws, which relates to the funding ratio of the public employee retirement system. Specifically, it changes the criteria for a retirement system to be declared "underperforming" by the commission. The bill also modifies the duration for which a retirement system's declaration as underperforming may not be revoked, from "in perpetuity" to "may not be revoked for five years."
Committee Categories
Labor and Employment
Sponsors (1)
Last Action
Accompanied a study order, see H4518 (on 04/04/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/193/H2651 |
| BillText | https://malegislature.gov/Bills/193/H2651.pdf |
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