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| 2 | 2 | | HOUSE DOCKET, NO. 300 FILED ON: 1/11/2023 |
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| 3 | 3 | | HOUSE . . . . . . . . . . . . . . . No. 2596 |
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| 4 | 4 | | The Commonwealth of Massachusetts |
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| 5 | 5 | | _________________ |
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| 6 | 6 | | PRESENTED BY: |
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| 7 | 7 | | Joseph D. McKenna |
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| 8 | 8 | | _________________ |
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| 9 | 9 | | To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General |
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| 10 | 10 | | Court assembled: |
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| 11 | 11 | | The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill: |
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| 12 | 12 | | An Act to study the modernization of retirement systems for future state employees. |
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| 13 | 13 | | _______________ |
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| 14 | 14 | | PETITION OF: |
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| 15 | 15 | | NAME:DISTRICT/ADDRESS :DATE ADDED:Joseph D. McKenna18th Worcester1/11/2023 1 of 1 |
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| 16 | 16 | | HOUSE DOCKET, NO. 300 FILED ON: 1/11/2023 |
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| 17 | 17 | | HOUSE . . . . . . . . . . . . . . . No. 2596 |
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| 18 | 18 | | By Representative McKenna of Webster, a petition (accompanied by bill, House, No. 2596) of |
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| 19 | 19 | | Joseph D. McKenna for an investigation by a special commission relative to the feasibility of |
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| 20 | 20 | | replacing the defined benefit pension plan for public employees with a defined contribution plan |
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| 21 | 21 | | for future employees. Public Service. |
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| 22 | 22 | | [SIMILAR MATTER FILED IN PREVIOUS SESSION |
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| 23 | 23 | | SEE HOUSE, NO. 2727 OF 2021-2022.] |
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| 24 | 24 | | The Commonwealth of Massachusetts |
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| 25 | 25 | | _______________ |
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| 26 | 26 | | In the One Hundred and Ninety-Third General Court |
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| 27 | 27 | | (2023-2024) |
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| 28 | 28 | | _______________ |
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| 29 | 29 | | An Act to study the modernization of retirement systems for future state employees. |
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| 30 | 30 | | Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority |
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| 31 | 31 | | of the same, as follows: |
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| 32 | 32 | | 1 SECTION 1. There is hereby established a special commission to study pension reform in |
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| 33 | 33 | | 2the commonwealth. Said commission is hereby authorized and directed to conduct an |
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| 34 | 34 | | 3investigation into the feasibility of replacing the commonwealth’s defined benefit pension plan |
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| 35 | 35 | | 4with a defined contribution plan for future employees. The special commission shall submit a |
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| 36 | 36 | | 5report to the governor, the speaker of the house of representatives, the senate president, and the |
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| 37 | 37 | | 6chief justice of the supreme judicial court setting forth the special commission’s findings, along |
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| 38 | 38 | | 7with its recommendations and specific legislative proposals, no later than one year after the |
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| 39 | 39 | | 8special commission’s appointment. The special commission shall dissolve upon completion of |
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| 40 | 40 | | 9its duties and obligations, as indicated by submission of its findings and recommendations. |
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