1 of 1 HOUSE DOCKET, NO. 818 FILED ON: 1/13/2025 HOUSE . . . . . . . . . . . . . . . No. 2835 The Commonwealth of Massachusetts _________________ PRESENTED BY: Dennis C. Gallagher _________________ To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General Court assembled: The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill: An Act relative to funding contributions under state/teachers' and local pension systems. _______________ PETITION OF: NAME:DISTRICT/ADDRESS :DATE ADDED:Dennis C. Gallagher8th Plymouth1/13/2025 1 of 2 HOUSE DOCKET, NO. 818 FILED ON: 1/13/2025 HOUSE . . . . . . . . . . . . . . . No. 2835 By Representative Gallagher of Bridgewater, a petition (accompanied by bill, House, No. 2835) of Dennis C. Gallagher relative to the Commonwealth's pension liability fund. Public Service. The Commonwealth of Massachusetts _______________ In the One Hundred and Ninety-Fourth General Court (2025-2026) _______________ An Act relative to funding contributions under state/teachers' and local pension systems. Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows: 1 SECTION 1. Section 22C of chapter 32 of the General Laws is hereby amended by 2inserting at the end thereof the following new subdivision:- 3 (5) In each fiscal year that there is no unfunded commonwealth pension liability the 4comptroller shall transfer from the General Fund, without further appropriation, to the 5Commonwealth’s Pension Liability Fund an additional amount that equals the normal cost of all 6future benefits for which the commonwealth is obligated in said fiscal year. 7 SECTION 2. Section 22D of chapter 32 of the General Laws is hereby amended by 8inserting at the end thereof the following new subdivision:- 9 (12) In the event that the unfunded pension liability of a system is reduced to zero in a 10fiscal year, the system’s funding schedule shall be designed to require an additional 11appropriation in said fiscal year to the pension reserve fund that equals the normal cost of all 12future benefits for which the system is obligated in said fiscal year. 2 of 2 13 SECTION 3. The provisions of this act shall take effect on July 1, 2025.