Subsection (c) of section 3 of chapter 29D of the General Laws, as appearing in the 2008 Official Edition, is hereby amended by striking the fourth paragraph and inserting in place thereof the following paragraph:-

Beginning in fiscal year 2012, the comptroller shall transfer 95 per cent of the total of all annual payments made pursuant to the master settlement agreement in the tobacco action and received in that fiscal year from the Health Care Security Trust Fund to the General Fund and 5 per cent to the State Retiree Benefits Trust Fund established by section 24 of chapter 32A; provided that for each subsequent fiscal year the comptroller shall transfer an additional 5 per cent of all such annual payments to the State Retiree Benefits Trust Fund, until such percentage reaches 100 per cent; provided, further that amounts received in any fiscal year as strategic contribution fund payments, pursuant to the master settlement agreement, shall not be transferred to the General Fund.