Budget Amendment ID: FY2016-S3-181

GOV 181

Pension Fund Performance and Accountability

Messrs. Ross, deMacedo, Montigny, Tarr, Fattman and Humason moved that the proposed new text be amended by inserting at the end thereof the following new section:-

“Section XX. Section 23 of chapter 32 of the General Laws, as appearing in the 2014 Official Edition, is hereby amended in subsection (f) by inserting after the word ‘board.’ the following words:- ‘The PRIM board shall approve all salary adjustments and bonus awards of the executive director. Any salary increase or bonus award of the executive director must receive unanimous approval of the PRIM board.’”