MA S1422

Bill

To define surplus for retirement systems

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 define surplus for retirement systems. Public Service.

AI Summary

This bill aims to define "surplus" for state and local government retirement systems in Massachusetts. The bill states that any monies in the various funds of a retirement system, including from member contributions, government appropriations, and investment earnings, shall be held in trust for the exclusive benefit of the system's members. Any amounts in surplus over what is required to fully fund the system must also be held in trust for the members' benefit.

Committee Categories

Labor and Employment

Sponsors (1)

John Keenan (D),

Last Action

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

Official Document

https://malegislature.gov/Bills/190/S1422

(25 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/190/S1422
Bill	https://malegislature.gov/Bills/190/S1422.pdf

Bill	Bill Name	Last Action	Type
H1331	Relative to creditable service	Accompanied a study order, see H4654	Similar To
H1436	Relative to the retirement benefits of certain persons	Accompanied a study order, see H4654	Similar To
H1439	Relative to teachers' retirement credits for parochial schools	Accompanied a study order, see H4654	Similar To
H1457	Further regulating employee benefits	Accompanied a study order, see H4654	Similar To
H1461	Relative to the retirement benefits of John G. Flores	Accompanied a study order, see H4654	Similar To
H2546	Relative to the Massachusetts teacher retirement system	Accompanied a study order, see H4654	Similar To
H2547	Authorizing the Massachusetts Teachers' Retirement System to grant creditable service to Thomas Richard Kinsky	Accompanied a study order, see H4654	Similar To
H31	Relative to the Massachusetts State Employees Retirement System	No further action taken	Similar To
H3709	Relative to retirement survivor benefits for George C. Axiotis	Accompanied a study order, see H4654	Similar To
H3790	Relative to accidental disability retirement for Jan Witkowski	Signed by the Governor, Chapter 248 of the Acts of 2018	Similar To
H4402	Requiring public pension fund divestment from ammunition and firearms	Accompanied a study order, see H4709	Similar To
H4915	Authorizing and directing the retirement board of the town of Weymouth to pay a certain retirement benefit to the surviving spouse of fallen officer, Michael Chesna, of the Weymouth Police Department	Amended by substitution of a bill with the same title, H4928	Similar To
H4933	Relative to the retirement benefits of certain employees of the city of Chicopee	Signed by the Governor, Chapter 406 of the Acts of 2018	Similar To
H4967	Relative to allowing employees of the Western Massachusetts Emergency Communications District to become members of the Hampden County retirement system	Signed by the Governor, Chapter 379 of the Acts of 2018	Similar To
S1383	Relative to part-time higher education faculty eligibility in the state retirement system	Accompanied a study order, see S2491	Similar To
S1410	Establishing retirement parity for long term public defenders	Accompanied a study order, see S2491	Similar To
S1427	Relative to authorizing a local option for group retirement classification	Accompanied a study order, see S2491	Similar To
S1433	Relative to the retirement of University of Massachusetts police	Accompanied H1463	Similar To
S1434	Relative to the retirement of MassPort officers	Accompanied H1460	Similar To
S1476	Relative to the retirement of University of Massachusetts police	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S1701	Providing retirement options for private sector employees	Accompanied a study order, see H4481	Similar To
S2272	Establishing an early retirement incentive for Charles Mark Brown	Ought NOT to pass (under Joint Rule 10) and placed in the Orders of the Day for the next session	Similar To
S2407	Requiring public pension fund divestment from ammunition and firearms	Accompanied a study order, see S2536	Similar To
S2491	Order relative to authorizing the joint committee on Public Service to make an investigation and study of certain current Senate documents relative to public service matters	Discharged to the committee on Senate Rules	Replaced by
S2494	Similar Bills	See S2481	Similar To

Bill

Bill Name

Last Action

Type

H1331

Relative to creditable service

Accompanied a study order, see H4654

Similar To

H1436

Relative to the retirement benefits of certain persons

Accompanied a study order, see H4654

Similar To

H1439

Relative to teachers' retirement credits for parochial schools

Accompanied a study order, see H4654

Similar To

H1457

Further regulating employee benefits

Accompanied a study order, see H4654

Similar To

H1461

Relative to the retirement benefits of John G. Flores

Accompanied a study order, see H4654

Similar To

H2546

Relative to the Massachusetts teacher retirement system

Accompanied a study order, see H4654

Similar To

H2547

Authorizing the Massachusetts Teachers' Retirement System to grant creditable service to Thomas Richard Kinsky

Accompanied a study order, see H4654

Similar To

H31

Relative to the Massachusetts State Employees Retirement System

No further action taken

Similar To

H3709

Relative to retirement survivor benefits for George C. Axiotis

Accompanied a study order, see H4654

Similar To

H3790

Relative to accidental disability retirement for Jan Witkowski

Signed by the Governor, Chapter 248 of the Acts of 2018

Similar To

H4402

Requiring public pension fund divestment from ammunition and firearms

Accompanied a study order, see H4709

Similar To

H4915

Authorizing and directing the retirement board of the town of Weymouth to pay a certain retirement benefit to the surviving spouse of fallen officer, Michael Chesna, of the Weymouth Police Department

Amended by substitution of a bill with the same title, H4928

Similar To

H4933

Relative to the retirement benefits of certain employees of the city of Chicopee

Signed by the Governor, Chapter 406 of the Acts of 2018

Similar To

H4967

Relative to allowing employees of the Western Massachusetts Emergency Communications District to become members of the Hampden County retirement system

Signed by the Governor, Chapter 379 of the Acts of 2018

Similar To

S1383

Relative to part-time higher education faculty eligibility in the state retirement system

Accompanied a study order, see S2491

Similar To

S1410

Establishing retirement parity for long term public defenders

Accompanied a study order, see S2491

Similar To

S1427

Relative to authorizing a local option for group retirement classification

Accompanied a study order, see S2491

Similar To

S1433

Relative to the retirement of University of Massachusetts police

Accompanied H1463

Similar To

S1434

Relative to the retirement of MassPort officers

Accompanied H1460

Similar To

S1476

Relative to the retirement of University of Massachusetts police

Bill reported favorably by committee and referred to the committee on Senate Ways and Means

Similar To

S1701

Providing retirement options for private sector employees

Accompanied a study order, see H4481

Similar To

S2272

Establishing an early retirement incentive for Charles Mark Brown

Ought NOT to pass (under Joint Rule 10) and placed in the Orders of the Day for the next session

Similar To

S2407

Requiring public pension fund divestment from ammunition and firearms

Accompanied a study order, see S2536

Similar To

S2491

Order relative to authorizing the joint committee on Public Service to make an investigation and study of certain current Senate documents relative to public service matters

Discharged to the committee on Senate Rules

Replaced by

S2494

Similar Bills

See S2481

Similar To

Bill > S1422

MA S1422

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (1)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary