Bill > H4829

This bill clarifies the retirement system membership and financial obligations for specific regional planning agencies and councils in Massachusetts. The bill defines seven regional planning agencies (including Central Massachusetts Regional Planning Commission and Merrimack Valley Planning Commission) as "agencies" and ensures they remain members of the state retirement system under chapter 32 of the General Laws. The legislation specifically states that these agencies will not be held liable for any past due contributions as of the bill's passage date. Additionally, the bill requires these agencies to remit their employer's normal cost for employee retirement benefits to the state board of retirement, with the specific cost percentage determined by an actuary who will consider factors like governmental unit type, employee demographics, and job classifications. The actuary will review and potentially adjust this percentage at least every three years. The bill appears designed to provide clear guidelines and financial predictability for these regional planning agencies regarding their participation in the state retirement system.

Budget and Finance

Joint Committee on Public Service (Joint)

https://malegislature.gov/Bills/194/H4829