Bill

Bill > H2201


MA H2201

MA H2201
Relative to employees of the Pension Reserves Investment Management Board


summary

Introduced
01/20/2015
In Committee
01/20/2015
Crossed Over
Passed
Dead
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)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...