HOUSE DOCKET, NO. 1669 FILED ON: 1/18/2023
HOUSE . . . . . . . . . . . . . . . No. 3031
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The Commonwealth of Massachusetts
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PRESENTED BY:
Ann-Margaret Ferrante
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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 401(k) CORE program.
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PETITION OF:
Name: | District/Address: | Date Added: |
Ann-Margaret Ferrante | 5th Essex | 1/18/2023 |
Deborah B. Goldberg | Office of the State Treasurer and Receiver General | 1/19/2023 |
HOUSE DOCKET, NO. 1669 FILED ON: 1/18/2023
HOUSE . . . . . . . . . . . . . . . No. 3031
By Representative Ferrante of Gloucester, a petition (accompanied by bill, House, No. 3031) of Ann-Margaret Ferrante and Deborah B. Goldberg (Treasurer and Receiver General) relative to administering the deferred compensation program. State Administration and Regulatory Oversight. |
[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 3143 OF 2021-2022.]
The Commonwealth of Massachusetts
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In the One Hundred and Ninety-Third General Court
(2023-2024)
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An Act relative to the 401(k) CORE program.
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 64E of chapter 29 of the General Laws, as appearing in the 2020 Official Edition, is hereby amended by striking, in lines 5 and 6, the words “and employing not more than 20 persons,”
SECTION 2. Said section 64E of said chapter 29, as so appearing, is hereby further amended by inserting at the end thereof the following subsection:-
(g) Notwithstanding any general or special law to the contrary, the state treasurer, or designee, may seek to reduce operating expenses for the plan through private donations or grants, which may include direct and indirect fundraising.