SENATE DOCKET, NO. 1305 FILED ON: 1/16/2015
SENATE . . . . . . . . . . . . . . No. 1359
|
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 adoption of the accompanying bill:
An Act to study the modernization of retirement systems for future state employees.
_______________
PETITION OF:
Name: | District/Address: |
Ryan C. Fattman | Worcester and Norfolk |
Leonard Mirra | 2nd Essex |
Kevin J. Kuros | 8th Worcester |
SENATE DOCKET, NO. 1305 FILED ON: 1/16/2015
SENATE . . . . . . . . . . . . . . No. 1359
By Mr. Fattman, a petition (accompanied by bill, Senate, No. 1359) of Ryan C. Fattman, Leonard Mirra and Kevin J. Kuros 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. |
[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 2310 OF 2013-2014.]
The Commonwealth of Massachusetts
_______________
In the One Hundred and Eighty-Ninth General Court
(2015-2016)
_______________
An Act to 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:
There is hereby established a special commission to study pension reform in the commonwealth to consist of the co-chairs of the joint committee on Public Serivce, 2 members of the senate, 1 member of the senate to be appointed by the minority leader, 2 members of the house of representatives, 1 member of the house of representatives to be appointed by the minority leader, the Treasurer and Receiver General or her designee, and five members appointed by the governor with expertise in pension issues.
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.