An Act relative to the funding ratio of the public employee retirement system
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill addresses concerns about the financial health of Massachusetts’ public employee retirement system, specifically focusing on its funding ratio. The bill seeks to examine and potentially improve the system’s ability to meet its future obligations to retirees. It aims to ensure the system’s long-term solvency and stability by analyzing its current performance and identifying areas for potential reform. The legislation is part of a series of similar proposals aimed at addressing pension system challenges.
Key provisions
- Requires a study of the public employee retirement system’s funding ratio.
- Seeks to identify factors contributing to underperformance.
- May explore potential reforms to improve the system’s financial health.
- Accompanied by a study order (S2786) regarding the same issue.
Who is affected
- Massachusetts public employees
- Retirees of the public employee retirement system
- The Massachusetts state government
- The public employee retirement system
Notable changes
- The bill initiates a study to assess the current funding ratio of the public employee retirement system.
Bill text
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Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Cosponsor
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