Bill
Bill > H2201
summary
Introduced
01/20/2015
01/20/2015
In Committee
01/20/2015
01/20/2015
Crossed Over
Passed
Dead
07/31/2016
07/31/2016
Introduced Session
189th General Court
Bill Summary
For legislation to provide retirement benefits for employees of the Pension Reserves Investment Management Board. Public Service.
AI Summary
This bill states that employees of the Pension Reserves Investment Management Board (PRIM Board), specifically those participating in an incentive compensation plan, will no longer be eligible for public employee retirement benefits under Chapter 32 of the General Laws, which outlines the state's pension system. For current active employees in this situation who have already contributed to the state pension system, the bill mandates that they will receive a full refund of their contributions within 60 days of the bill becoming law, as per the provisions of Section 11 of Chapter 32.
Committee Categories
Labor and Employment
Sponsors (1)
Last Action
Accompanied a study order, see H4367 (on 06/09/2016)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/189/House/H2201 |
| State Bill Page | https://malegislature.gov/Bills/189/H2201 |
| Bill | https://malegislature.gov/Bills/189/H2201.pdf |
Loading...