summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
For legislation to provide retirement options for private sector employees. State Administration and Regulatory Oversight.
AI Summary
This bill aims to provide retirement options for private sector employees in Massachusetts. It authorizes the state treasurer to conduct research on the current status of retirement programs available to private sector employees and to sponsor a qualified defined contribution plan that private sector employers can adopt for their employees. The bill also establishes an advisory committee to facilitate the expansion of the state retirement system to private sector employees, and it requires private sector employees to enroll in the state retirement plan unless they opt out. The director of the program is required to report biennially on the effectiveness and efficiency of the program, and the treasurer is authorized to adopt rules and regulations to carry out the provisions of the bill.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Accompanied a study order, see H4481 (on 05/10/2018)
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/190/S1701 |
| Bill | https://malegislature.gov/Bills/190/S1701.pdf |
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