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SENATE DOCKET, NO. 2161 FILED ON: 1/17/2025
SENATE . . . . . . . . . . . . . . No. 1813
The Commonwealth of Massachusetts
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PRESENTED BY:
Brendan P. Crighton
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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 the funding ratio of the public employee retirement system.
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PETITION OF:
NAME:DISTRICT/ADDRESS :Brendan P. CrightonThird Essex 1 of 1
SENATE DOCKET, NO. 2161 FILED ON: 1/17/2025
SENATE . . . . . . . . . . . . . . No. 1813
By Mr. Crighton, a petition (accompanied by bill, Senate, No. 1813) of Brendan P. Crighton for
legislation relative to underperforming pension systems. Public Service.
[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE SENATE, NO. 1627 OF 2023-2024.]
The Commonwealth of Massachusetts
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In the One Hundred and Ninety-Fourth General Court
(2025-2026)
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An Act relative to the funding ratio of the public employee retirement system.
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. Sub-section (c1/2) of sub-section (8) of section (22) of Chapter 32 is
2amended by deleting the third sentence and inserting the following:
3 Any system found by the commission to have a funded ratio of less than fifty percent and
4an annual rate of return during the previous ten years that is at least three percentage points less
5than that of the PRIT Fund rate of return over the same period shall be declared underperforming
6by the commission.
7 SECTION 2. The final sentence of a sub-section (c 1/2) of sub-section (8) of section 22of
8Chapter 32 is amended by deleting in the final sentence the words: "Shall be in perpetuity." and
9inserting: "May not be revoked for five years."