SENATE DOCKET, NO. 1880        FILED ON: 1/20/2017

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1459

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Richard J. Ross

_________________

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 retirement board member training.

_______________

PETITION OF:

 

Name:

District/Address:

 

Richard J. Ross

Norfolk, Bristol and Middlesex

 

Elizabeth A. Poirier

14th Bristol

1/30/2017


SENATE DOCKET, NO. 1880        FILED ON: 1/20/2017

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1459

By Mr. Ross, a petition (accompanied by bill, Senate, No. 1459) of Richard J. Ross and Elizabeth A. Poirier for legislation relative to retirement board member training.  Public Service.

 

The Commonwealth of Massachusetts

 

_______________

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

_______________

 

An Act relative to retirement board member training.

 

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 20 of chapter 32 of the General Laws, as appearing in the 2014 Official Edition, is hereby amended in subsection (7) by striking out the first paragraph and inserting in place thereof the following paragraph:-

“During each full term of service retirement board members shall undertake 9 hours of training; provided, however, that nothing in this subdivision shall prohibit such retirement board members from undertaking more than 9 hours of training.”

SECTION 2. Said section 20 of chapter 32, as so appearing, is hereby amended in subsection (7) by striking out the second paragraph and inserting in place thereof the following paragraph:-

“Such training shall consist of sessions sponsored by the commission, which shall include, at a minimum, the topics of fiduciary responsibility, ethical conduct and conflict of interest and sessions on topics prescribed by the commission provided by the Massachusetts Association of Contributory Retirement Systems or other local, state, regional and national organizations recognized by the commission as having expertise in retirement issues of importance to retirement board members or other entities, as the commission may determine. Six credits shall be awarded for any full day session.”