Bill > H2214

This bill proposes to make employees of the Pension Reserves Investment Management Board (PRIM Board), including those currently active and participating in an incentive compensation plan, ineligible for public employee retirement benefits as outlined in Chapter 32 of the General Laws. For any current active PRIM Board employee in such a plan who has already contributed to the state pension system, the bill mandates a full refund of those contributions within 60 days of the bill's effective date, in accordance with Section 11 of Chapter 32 of the General Laws. This change aims to alter the retirement benefit eligibility for a specific group of employees within the PRIM Board, which manages investments for public employee retirement plans.