Massachusetts 194th General Court Status: Introduced 1 D cosponsors

S1813 — An Act relative to the funding ratio of the public employee retirement system

  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 194th General Court. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

An Act relative to the funding ratio of the public employee retirement system

Bill Text

  • Full text Current

How this bill changes current law

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The bill updates criteria for declaring systems underperforming and modifies the revocation terms of a related provision.

  • Chapter 32, Section 22(c1/2)(8)

    Any system found by the commission to have a funded ratio of less than fifty percent and an annual rate of return during the previous ten years that is at least three percentage points less than that of the PRIT Fund rate of return over the same period shall be declared underperforming by the commission. → Any system found by the commission to have a funded ratio of less than fifty percent and an annual rate of return during the previous ten years that is at least three percentage points less than that of the PRIT Fund rate of return over the same period shall be declared underperforming by the commission.

    This change specifies the conditions under which a system is declared underperforming.

  • Chapter 32, Section 22(c1/2)(8)

    Shall be in perpetuity. → May not be revoked for five years.

    This change modifies the revocation period from permanent to five years.

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 203 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (203)

203 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance labor
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does S1813 do?
An Act relative to the funding ratio of the public employee retirement system
Who sponsors S1813?
S1813 is sponsored by Brendan P. Crighton (Democrat).
What is the current status of S1813?
This bill died with 194th General Court. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track S1813?
Track S1813 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 4 months ago · updated continuously

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