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MA S471

MA S471
Supporting seniors’ financial stability


summary

Introduced
02/27/2025
In Committee
07/14/2025
Crossed Over
Passed
Dead

Introduced Session

194th General Court

Bill Summary

By Ms. Jehlen, a petition of Patricia D. Jehlen that the Office of the State Treasurer be authorized to establish a curriculum to support seniors’ financial literacy. Elder Affairs.

AI Summary

This bill authorizes the Massachusetts State Treasurer's office to develop and maintain a model curriculum focused on improving financial literacy and stability for seniors. The curriculum will be created in collaboration with key organizations including the Executive Office of Elder Affairs, the Massachusetts Councils on Aging, and AARP Massachusetts. The bill requires that the curriculum be periodically reviewed and updated to ensure its ongoing relevance and effectiveness in helping older residents better understand financial management, potentially covering topics such as retirement planning, investment strategies, fraud prevention, and managing fixed incomes. By developing this educational resource, the bill aims to support the financial well-being of senior citizens in the state by providing them with important knowledge and tools to make informed financial decisions.

Committee Categories

Budget and Finance, Health and Social Services

Sponsors (1)

Last Action

Bill reported favorably by committee and referred to the committee on Senate Ways and Means (on 07/14/2025)

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/194/S471
BillText https://malegislature.gov/Bills/194/S471.pdf
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