Bill > S1809

This bill amends Section 12 of Chapter 32 of the General Laws to expand pension beneficiary options for special needs trusts. Specifically, the bill allows the trustee or fiduciary of a special needs trust to be nominated as a beneficiary of a pension. A special needs trust is a legal arrangement designed to provide financial support for individuals with disabilities without disqualifying them from receiving government benefits like Medicaid. The bill's provision ensures that if an eligible pension beneficiary is the subject of a special needs trust, the trust's trustee can now be nominated to receive pension benefits, which previously may not have been possible. This change could provide greater financial flexibility and protection for individuals with special needs by allowing their trust representatives to potentially receive pension benefits on their behalf.

Labor and Employment

https://malegislature.gov/Bills/194/S1809