SECTION 1: Section 22 of Chapter 32 of the General Laws, as appearing in the 2006 Official Edition, is hereby amended by inserting after subsection (10) the following subsection:-
(11) Notwithstanding any general or special law to the contrary, in any system which conducts an actuarial valuation as of January 1, 2009, the actuary may establish appropriations in fiscal years 2010 to 2012, inclusive, in accordance with the following: in fiscal year 2010 an appropriation may be established that is less than the appropriation made in fiscal year 2009 but at least ninety percent of the appropriation made in fiscal year 2009; in fiscal year 2011 an appropriation may be established that is less than the appropriation made in fiscal year 2009 but at least ninety – five percent of the appropriation made in fiscal year 2009 and in fiscal year 2012 an appropriation may be established that is equal to the appropriation made in fiscal year 2009.
The information contained in this website is for general information purposes only. The General Court provides this information as a public service and while we endeavor to keep the data accurate and current to the best of our ability, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.