An Act to establish the Pension Innovation Fund for intergenerational equity
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill proposes the creation of a Pension Innovation Fund to address concerns about the long-term financial health of Massachusetts public pension systems and ensure equitable outcomes for future generations. The fund would be used to explore and implement innovative approaches to pension management, potentially including investments and reforms aimed at improving sustainability and reducing costs. It seeks to proactively address potential challenges to pension funding and promote a more secure retirement system for those who will follow.
Key provisions
- Establish a Pension Innovation Fund.
- Fund would explore innovative pension management strategies.
- Potential strategies include investments and system reforms.
- Aims to improve the long-term financial health of public pensions.
- Focuses on intergenerational equity in pension funding.
Who is affected
- Massachusetts Public Employees
- Massachusetts Retirees
- Massachusetts Public Pension Systems
- Future Generations of Public Employees
Bill text
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Sponsors
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2 on record
Primary sponsor
Cosponsor
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