An Act relative to the state retiree benefits trust fund board of directors
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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 seeks to increase the number of members on the State Retiree Benefits Trust Fund Board of Directors. Currently, the board’s composition is not explicitly defined in law, leading to concerns about adequate representation and oversight of the trust fund. The bill aims to expand the board’s membership to ensure a broader range of perspectives and expertise are considered in managing the fund’s operations and investments.
Key provisions
- Increases the membership of the State Retiree Benefits Trust Fund Board of Directors.
- The bill aims to improve the board’s representation.
- The bill was referred to the Committee on Public Service.
- A hearing on the bill is scheduled for July 9, 2025.
- The bill is accompanied by a study order (H5312).
Who is affected
- State retirees
- Members of the State Retiree Benefits Trust Fund Board of Directors
- The General Court
- The public (as beneficiaries of the trust fund)
Notable changes
- Currently, the size of the board is not explicitly defined in state law.
- The bill addresses a gap in the existing legislative framework regarding board composition.
Bill text
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Sponsors
Official sponsors from legislative records.
4 on record
Primary sponsor
Cosponsors
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