Bill > S1816

This bill modifies the membership composition of the PRIM (Pension Reserves Investment Management) board by requiring that the public safety union representative be selected from a list of three candidates nominated by the executive board of the Massachusetts Association of Contributory Retirement Systems, Inc. Specifically, the nominated candidate must be a current member of either the state employees' retirement system, the teachers' retirement system, or another retirement system that has been invested in the PRIT (Pension Reserves Investment) Fund. The bill aims to provide more structured input into the board selection process by introducing a specific nomination mechanism for the public safety union representative, ensuring the representative comes from an active participant in one of the state's key retirement systems.

Labor and Employment

https://malegislature.gov/Bills/194/S1816