MA S1422

Bill

MA S1422

Relative to pension fund performance and accountability

Introduced
04/15/2015

In Committee
04/15/2015

Crossed Over

Passed

Dead
07/31/2016

Introduced Session

189th General Court

Bill Summary

For legislation relative to pension fund performance and accountability. Public Service.

AI Summary

This bill amends Section 23 of Chapter 32 of the General Laws, which pertains to public employee retirement systems, by adding a requirement that the PRIM board, which manages the Massachusetts Public Employee Retirement Administration Commission, must unanimously approve all salary adjustments and bonus awards for its executive director. This means that any increase in pay or bonus for the executive director will need the agreement of every member of the PRIM board.

Committee Categories

Labor and Employment

Sponsors (8)

Richard Ross (R)*, Viriato deMacedo (R), Robert Hedlund (R), Donald Humason (R), Mary Keefe (D), Brian Mannal (D), Mike Rush (D), Bruce Tarr (R),

Last Action

Accompanied a study order, see S2314 (on 06/06/2016)

Official Document

https://malegislature.gov/Bills/189/Senate/S1422

(7 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/189/Senate/S1422
State Bill Page	https://malegislature.gov/Bills/189/S1422
Bill	https://malegislature.gov/Bills/189/S1422.pdf

Bill	Bill Name	Last Action	Type
S1381	To define surplus for retirement systems	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S1728	Relative to the accountability of the governor’s council	Accompanied a study order, see S2386	Similar To
S1742	An act creating accountability for legislative reports	Accompanied a study order, see S2386	Similar To
S2314	Public service issues	Discharged to the committee on Senate Rules	Replaced by
S2337	Accountability and compliance	Discharged to the committee on Senate Rules	Similar To
S338	Increasing accountability of DESE contracts	Accompanied a study order, see S2336	Similar To
S98	To ensure accountability in the Department of Transitional Assistance	Accompanied a study order, see H4613	Similar To

Bill > S1422

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (8)

Last Action

Official Document

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