“SECTION 1.   M.G.L. c.32, §22(3)(d) is hereby amended by inserting after subsection (iv) the following:

(v) For purposes of G.L. c.32, §20(5)(h), G.L. c32, §20(5)(i), and G.L. c.32, §23(2A)(d) the State Board of Retirement and the Massachusetts Teachers’ Retirement Board may report outstanding pension payments that remain payable or receivable by the Board that are less than $1,000.00, and which the Board has been unable to recover or properly pay for more than five calendar years as determined by the Board.  The Board shall maintain a record of any such amounts.”

SECTION 2.  Paragraph (h) of sub-section (5) of section 20 of c.32 of the General Laws is hereby amended by adding after the first sentence the following:

“The State Retirement Board and Massachusetts Teachers’ Retirement Board shall file said report on or before December 31st of each year, in the office of the public employee administration commission which shows the financial condition of their retirement systems as of June thirtieth of the prior fiscal year as required by the provisions of paragraph (c) of subdivision (1) or paragraph (e) of subdivision (2) of section twenty three.”