Bill > H2773

This bill modifies Chapter 32 of the Massachusetts General Laws by expanding the definition of "person" for retirement purposes to be more comprehensive. Specifically, the new definition includes any individual, corporation, retirement board, retirement board member, or organization of retirement board members who has an interest in or fiduciary responsibility for the assets of a retirement system. This broader definition aims to clarify who can be considered a relevant party in retirement system contexts, potentially enhancing legal precision and inclusivity in retirement-related regulations. By explicitly listing these different types of entities and roles, the bill seeks to provide greater clarity about who can be involved in or have responsibilities related to retirement systems in Massachusetts.

Labor and Employment

https://malegislature.gov/Bills/194/H2773