An Act relative to non-Commonwealth entities within the state employees' 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 seeks to determine and report on the cost percentage associated with non-Commonwealth entities participating in the state employees’ retirement system. It aims to provide greater transparency regarding the financial impact of these entities on the system. The bill was referred to the Senate Committee on Public Service and subsequently the Senate Ways and Means committee. Similar legislation has been proposed in the past.
Key provisions
- Requires the calculation of a cost percentage for non-Commonwealth entities in the state retirement system.
- Directs the state to report on this cost percentage.
- The bill was referred to the Senate Committee on Public Service.
- The bill was subsequently referred to the Senate Ways and Means committee.
- The bill is similar to previous legislation (S.1689, S.2611).
Who is affected
- State Employees’ Retirement System Participants
- Non-Commonwealth Entities Participating in the Retirement System
- State Government
- Taxpayers
Notable changes
- This bill introduces a requirement for reporting on the financial contribution of non-Commonwealth entities to the state retirement system.
Bill text
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Sponsors
Official sponsors from legislative records.
6 on record
Primary sponsor
James B. Eldridge
Cosponsors
James B. Eldridge
Arguments
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