Bill

Bill > S1423


MA S1423

To increase membership in the PRIM Board


summary

Introduced
01/23/2017
In Committee
01/23/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

For legislation to increase membership in the PRIM Board. Public Service.

AI Summary

This bill aims to increase the membership of the PRIM (Pension Reserves Investment Management) Board from nine to eleven members. Specifically, it adds two new members appointed by the executive board of the Massachusetts Association of Contributory Retirement Systems - one from a regional or county retirement board that has funds in the PRIT (Pension Reserves Investment Trust) fund, and one from a municipal retirement board that has funds in the PRIT fund. This change is intended to provide greater representation on the PRIM Board for regional, county, and municipal retirement systems that have invested in the PRIT fund.

Committee Categories

Labor and Employment

Sponsors (15)

Last Action

Accompanied a study order, see S2491 (on 04/26/2018)

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