HOUSE DOCKET, NO. 3317 FILED ON: 1/21/2011 HOUSE . . . . . . . . . . . . . . . No. 2952 The Commonwealth of Massachusetts _________________ PRESENTED BY: Ryan C. Fattman _______________ To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled: The undersigned legislators and/or citizens respectfully petition for the passage of the accompanying: An Act study the modernization of retirement systems for future state employees. _______________ PETITION OF: Name: | District/Address: | Ryan C. Fattman | 18th Worcester | Richard Bastien | 2nd Worcester | Randy Hunt | 5th Barnstable | Steven L. Levy | 4th Middlesex | Benjamin Swan | 11th Hampden |
HOUSE DOCKET, NO. 3317 FILED ON: 1/21/2011 HOUSE . . . . . . . . . . . . . . . No. 2952 By Mr. Fattman of Sutton, a petition (accompanied by bill, House, No. 2952) of Ryan C. Fattman and others for an investigation by a special commission of the feasibility of replacing the defined benefit pension plan for public employees with a defined contribution plan for future employees. Public Service. |
The Commonwealth of Massachusetts
An Act study the modernization of retirement systems for future state employees.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
SECTION 1. There is hereby established a special commission to study pension reform in the commonwealth. Said commission is hereby authorized and directed to conduct an investigation into the feasibility of replacing the commonwealth’s defined benefit pension plan with a defined contribution plan for future employees. The special commission shall submit a report to the governor, the speaker of the house of representatives, the senate president, and the chief justice of the supreme judicial court setting forth the special commission’s findings, along with its recommendations and specific legislative proposals, no later than one year after the special commission’s appointment. The special commission shall dissolve upon completion of its duties and obligations, as indicated by submission of its findings and recommendations. |
