MA H3291

Bill

MA H3291

Defining regular interest 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

Relative to the definition of regular interest for retirement systems. Public Service.

AI Summary

This bill amends the definition of "regular interest" for members of any retirement system in Massachusetts. Starting in 2005, regular interest will be calculated as one-half of the actuarial assumed rate of investment return for the member's retirement system, rounded to the nearest tenth of one percent. This change is intended to provide a more accurate and up-to-date definition of regular interest, which is used to calculate certain benefits and contributions for members of public retirement systems in the state.

Committee Categories

Labor and Employment

Sponsors (1)

Dan Hunt (D),

Last Action

Accompanied a study order, see H4654 (on 06/25/2018)

Official Document

https://malegislature.gov/Bills/190/H3291

(8 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/190/H3291
Bill	https://malegislature.gov/Bills/190/H3291.pdf

Bill	Bill Name	Last Action	Type
H1331	Relative to creditable service	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
H1460	Relative to Mass Port police officers	No further action taken	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
H4654	Public service	No further action taken	Replaced by
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

Bill > H3291

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (1)

Last Action

Official Document

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