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.”