Amendment #14 to H4116

Essex Tech Retirement System

Representatives Jones of North Reading and Hill of Ipswich move to amend the bill by adding at the end of SECTION 2 the following new line item:-

“xxxx-xxxx For a reimbursement reserve to be administered by the executive office for administration and finance; provided, that the reserve shall be used to make a one-time payment to the Essex Regional Retirement System to mitigate unfunded pension liabilities related to chapter 463 of the acts of 2004.....…..$800,000”