An Act relative to the 401(k) CORE program
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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, An Act relative to the 401(k) CORE program, seeks to establish and administer a deferred compensation program for state employees. It aims to improve the management and oversight of this existing program, likely focusing on ensuring proper administration and compliance. The bill has been referred to the House Committee on Ways and Means and is currently scheduled for a hearing.
Key provisions
- Establishes a framework for administering the 401(k) CORE program.
- Focuses on state administration and regulatory oversight of the program.
- Likely includes provisions for program management and compliance.
- Scheduled for a hearing by the House Committee on Ways and Means.
Who is affected
- State Employees
- State Government
- Massachusetts Residents (potentially through state retirement plans)
Notable changes
- The bill addresses the administration of an existing deferred compensation program.
- It emphasizes state oversight and regulatory compliance.
Bill text
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Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Cosponsor
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