Bill > H26

This bill makes changes to the Massachusetts State Employees' Retirement System, a pension plan for state workers. Specifically, it mandates that new employees of the Massachusetts Department of Transportation, hired after the bill's effective date, will automatically become members of this state retirement system, and the system will be responsible for the liabilities related to their service. Additionally, the bill addresses the dissolution of the Massachusetts Turnpike Authority Employees' Retirement System, stating that upon the Authority's dissolution, its members will join the Massachusetts State Employees' Retirement System, their retirement benefits will be managed by the state board of retirement, and all assets of the dissolved system will become part of the state system, with the commonwealth assuming responsibility for all related payments like pensions and allowances.