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 direct the Teachers’ Retirement Board to study the costs and actuarial liabilities attributable to purchasing power protection for certain benefits for retired teachers. Public Service.
AI Summary
This bill directs the Teachers' Retirement Board to analyze and study the costs and actuarial liabilities associated with providing 75% purchasing power protection for retired teachers. The Board is required to make recommendations on implementing this protection incrementally and to prepare a supplemental pension funding schedule to reduce the associated actuarial liability to zero by June 30, 2034. The Board must file a report with its recommendations and draft legislation to the legislature by December 31, 2015.
Committee Categories
Labor and Employment
Sponsors (4)
Last Action
Accompanied a study order, see H4654 (on 06/25/2018)
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/H1368 |
| Bill | https://malegislature.gov/Bills/190/H1368.pdf |
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