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Bill > H2596


MA H2596

MA H2596
To study the modernization of retirement systems for future state employees


summary

Introduced
02/16/2023
In Committee
02/16/2023
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

193rd 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 will investigate the matter and submit a report with its findings, recommendations, and legislative proposals within one year of its appointment. The commission will then dissolve upon completing its duties.

Committee Categories

Labor and Employment

Sponsors (1)

Last Action

Accompanied a study order, see H4518 (on 04/04/2024)

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/H2596
BillText https://malegislature.gov/Bills/193/H2596.pdf
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