An Act establishing an elected and appointed board for the Hampden County Regional Retirement System
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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 creates a board to oversee the Hampden County Regional Retirement System. Currently, the system is managed by an administrative body. This legislation proposes establishing an elected and appointed board to provide greater accountability and representation within the retirement system. The board would be responsible for managing the system’s finances and ensuring benefits are administered properly.
Key provisions
- Establishes an elected board to govern the Hampden County Regional Retirement System.
- Creates an appointed board position to supplement the elected board.
- Requires the new board to oversee the system's financial management.
- Mandates the board to ensure proper administration of retirement benefits.
- Specifies the process for electing board members.
- Outlines the responsibilities and authority of the board.
Who is affected
- Employees of Hampden County Regional Retirement System
- Retirees of Hampden County Regional Retirement System
- Members of the Hampden County Regional Retirement System Board
- Hampden County Regional Retirement System administrators
- Taxpayers of Hampden County
Notable changes
- Shifts governance of the retirement system from an administrative body to an elected and appointed board.
Bill text
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Sponsors
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2 on record
Primary sponsor
Cosponsor
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