Bill

Bill > H4493


MA H4493

MA H4493
Relative to other post-employment benefits liability


summary

Introduced
07/11/2016
In Committee
07/11/2016
Crossed Over
Passed
Dead
07/31/2016

Introduced Session

189th General Court

Bill Summary

Section 145 contained in the engrossed Bill making appropriations for the fiscal year 2017 (see House, No. 4450), which had been returned by His Excellency the Governor with recommendation of amendment (for message, see Attachment L of House, No. 4505). July 11, 2016.

AI Summary

This bill, declared an emergency law for immediate public convenience, mandates that unexpended balances from specific budget items (0699-0014, 0699-0015, 0699-2005, and 0699-9100) be deposited into the State Retiree Benefits Trust Fund by June 30, 2017. The amount to be deposited is equivalent to 10% of all payments received by the Commonwealth in fiscal year 2017 from the master settlement agreement in a lawsuit against Philip Morris, Inc., with provisions to transfer any shortfall from these payments to the trust fund. Additionally, the bill suspends a specific percentage increase that would have applied in fiscal year 2017, as outlined in a previous act from 2011, and takes effect on July 1, 2016.

Sponsors (0)

No sponsors listed

Last Action

Referred to the committee on House Bills in the Third Reading (on 07/11/2016)

bill text


bill summary

Loading...

bill summary

Loading...

bill summary

Loading...