HOUSE DOCKET, NO. 4342        FILED ON: 12/7/2015

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 3953

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

James M. Cantwell

_________________

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 adoption of the accompanying bill:

An Act relative to the pension fund liability.

_______________

PETITION OF:

 

Name:

District/Address:

Date Added:

James M. Cantwell

4th Plymouth

12/7/2015


HOUSE DOCKET, NO. 4342        FILED ON: 12/7/2015

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 3953

By Mr. Cantwell of Marshfield, a petition (subject to Joint Rule 12) of James M. Cantwell relative to transferring funds to the Commonwealth Stabilization Fund.  Revenue.

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Eighty-Ninth General Court
(2015-2016)

_______________

 

An Act relative to the pension fund liability.

 

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. Section 5C of chapter 29 of the General Laws, as appearing in the 2014 Official Edition, is hereby amended by inserting the paragraph after line 13:

“10 per cent of any amount transferred to the Commonwealth’s Stabilization Fund under this section shall then be transferred from the Commonwealth Stabilization Fund to the Commonwealth’s Pension Liability Fund established in section 22 of chapter 32.”

SECTION 2. Section 5G of chapter 29 of the General Laws, as appearing in the 2014 Official Edition, is hereby amended by striking out the words “5 per cent” in line 28, and inserting the following:

“25 per cent”