Amendment #555 to H3400

MBTARF  subject to MassOpenBooks law

Representatives O'Connell of Taunton, DeCoste of Norwell, Diehl of Whitman, Dwyer of Woburn, Lombardo of Billerica and Mirra of West Newbury move to amend the bill by adding the following section:-

"SECTION XXXX. (a) Section 14C of chapter 7 of the General Laws, as appearing in the 2012 Official Edition, is hereby amended by inserting after the words “higher education” the words:-

“the MBTA Retirement Fund”.

(b) Section 14C of chapter 7 of the General Laws, as appearing in the 2012 Official Edition, is hereby amended by inserting after the words “federal assistance” the sentence:- “For the purposes of this section, recipient shall include any legal entity receiving compensation or a retirement allowance from the MBTA Retirement Fund, including, but not limited to, the MBTA Retirement Fund’s employees, contractors, board members and retirement plan members.”

(c) Section 14C of chapter 7 of the General Laws, as appearing in the 2012 Official Edition, is hereby amended by inserting after subsection (h) the following new subsection:- “(h 1/2) (1) The searchable database shall be updated to include the items in subsection (b), if applicable, relative to the MBTA Retirement Fund, as well as: (a) for each employee of the fund and member of the retirement board, their name, title, current salary and total amounts paid each year since 2006 inclusive; (b) for each retiree receiving an allowance from the fund, their name, location, job title at retirement and total amount paid each year since 2006 inclusive; (c) for any other legal or physical person not covered by any other provision of this subsection but receiving payments from the fund, their name, location, capacity in which payment is disbursed, total amount paid each year since 2006 inclusive and a brief explanation. (2) The MBTA Retirement Fund shall provide the secretary all information necessary for the secretary to be considered in compliance with this section.”