summary
Introduced
04/15/2015
04/15/2015
In Committee
03/31/2016
03/31/2016
Crossed Over
Passed
Dead
07/31/2016
07/31/2016
Introduced Session
189th General Court
Bill Summary
For legislation relative to SMART retirement plan fees. Public Service.
AI Summary
This bill mandates that the state treasurer establish a sliding scale for administrative fees charged to members of the deferred compensation SMART retirement plan, specifically targeting call firefighters and other part-time or intermittent emergency response personnel, meaning that the amount of the fee will vary based on certain factors, likely related to income or hours worked, rather than being a flat rate for all participants.
Committee Categories
Budget and Finance, Labor and Employment
Sponsors (3)
Last Action
Bill reported favorably by committee and referred to the committee on Senate Ways and Means (on 03/31/2016)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/189/S1351 |
| Bill | https://malegislature.gov/Bills/189/S1351.pdf |
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