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Bill > H30

MA H30

Relative to the 401(k) CORE program

summary

Introduced
01/23/2017
In Committee
01/22/2018
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

So much of the recommendations of the Department of the State Treasurer (House, No. 23) as relates to the 401(k) CORE program. State Administration and Regulatory Oversight.

AI Summary

This bill amends Section 64E of Chapter 29 of the General Laws to remove the requirement that employers have no more than 20 employees in order to participate in the 401(k) CORE program, which is a retirement savings program administered by the State Treasurer. Additionally, the bill allows the State Treasurer or their designee to seek to reduce the operating expenses of the plan through private donations or grants, including direct and indirect fundraising efforts.

Committee Categories

Budget and Finance, Government Affairs

Sponsors (0)

No sponsors listed

Last Action

No further action taken (on 01/01/2019)
(15 Companion Bills)

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Document Type Source Location
State Bill Page https://malegislature.gov/Bills/190/H30
Bill https://malegislature.gov/Bills/190/H30.pdf
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