HOUSE DOCKET, NO. 145        FILED ON: 1/6/2017

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1483

 

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 to reduce the pension fund liability.

_______________

PETITION OF:

 

Name:

District/Address:

Date Added:

James M. Cantwell

4th Plymouth

1/6/2017

Josh S. Cutler

6th Plymouth

2/3/2017


HOUSE DOCKET, NO. 145        FILED ON: 1/6/2017

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1483

By Mr. Cantwell of Marshfield, a petition (accompanied by bill, House, No. 1483) of James M. Cantwell and Josh S. Cutler relative to transferring funds to the Commonwealth Stabilization Fund.  Revenue.

 

[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 3953 OF 2015-2016.]

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Ninetieth General Court
(2017-2018)

_______________

 

An Act to reduce 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 so appearing, is hereby amended by inserting the following paragraph at the end thereof:

“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 “Five per cent” in line 28, and inserting in place thereof the following:

“25 per cent”