Budget Amendment ID: FY2019-S4-328

GOV 328

Pension Fund Performance and Accountability

Messrs. Ross and O'Connor moved that the proposed new text be amended by inserting, after section __, the following new section:-

SECTION __. Section 23 of chapter 32 of the General Laws, as appearing in the 2016 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. The board shall not approve a salary increase of more than 10 per cent or a bonus award of more than 20 per cent.”