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
Relative to transferring funds to the Commonwealth Stabilization Fund. Revenue.
AI Summary
This bill proposes to amend Massachusetts law to transfer 10% of any funds deposited into the Commonwealth Stabilization Fund to the Commonwealth's Pension Liability Fund. Additionally, the bill increases the percentage of any funds deposited into the Commonwealth Stabilization Fund that must then be transferred to the Pension Liability Fund from 5% to 25%. These changes aim to reduce the state's pension fund liability by directing a larger portion of Stabilization Fund deposits to the Pension Liability Fund.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Accompanied a study order, see H4244 (on 02/22/2018)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/190/H1483 |
| Bill | https://malegislature.gov/Bills/190/H1483.pdf |
Loading...