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 House
- Passed Senate
- To Governor
- Became Law
Overview
This bill addresses the funding ratio of Massachusetts’ public employee retirement system. It seeks to examine and potentially adjust the current funding requirements for these systems. The bill directs the Public Service Committee to study the funding ratio and related issues. The study order will inform future decisions regarding the system’s financial health.
Key provisions
- Directs the Public Service Committee to study the funding ratio of the public employee retirement system.
- The study will examine the current funding requirements.
- The study will consider potential adjustments to the funding ratio.
- The study order will accompany a report to the House and Senate.
- The study is linked to House Bill H5312.
Who is affected
- Massachusetts public employees
- Massachusetts taxpayers
- The Public Employee Retirement System
- The Public Service Committee
- State government
Notable changes
- The bill initiates a study to assess and potentially modify the public employee retirement system’s funding ratio.
Bill text
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Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Daniel J. Ryan
Cosponsor
Daniel J. Ryan
Arguments
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