H2809 • 2025

An Act requiring administrators of certain retirement plans to disclose conflicts of interest

Labor

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor: Carol A. Doherty
Last action: 2026-03-30
Official status: Accompanied a study order, see H5312 (under House Rule 27)
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

An Act requiring administrators of certain retirement plans to disclose conflicts of interest

An Act requiring administrators of certain retirement plans to disclose conflicts of interest By Representative Doherty of Taunton, a petition (accompanied by bill, House, No.

What This Bill Does

An Act requiring administrators of certain retirement plans to disclose conflicts of interest By Representative Doherty of Taunton, a petition (accompanied by bill, House, No.
2809) of Carol A.
Doherty and others for legislation to require administrators of certain retirement plans of employees of subdivisions of the Commonwealth to disclose conflicts of interest.
Public Service.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2026-03-30 House
Accompanied a study order, see H5312 (under House Rule 27)
2025-07-08 Joint
Hearing rescheduled to 07/09/2025 from 01:00 PM-05:00 PM in A-2
2025-07-01 Joint
Hearing scheduled for 07/09/2025 from 01:00 PM-05:00 PM in B-1
2025-02-27 House
Referred to the committee on Public Service
2025-02-27 Senate
Senate concurred
House
Reported by committee to Clerk’s Office for processing, will accompany a study order

Official Summary Text

An Act requiring administrators of certain retirement plans to disclose conflicts of interest
By Representative Doherty of Taunton, a petition (accompanied by bill, House, No. 2809) of Carol A. Doherty and others for legislation to require administrators of certain retirement plans of employees of subdivisions of the Commonwealth to disclose conflicts of interest. Public Service.

Current Bill Text

Read the full stored bill text

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Bill H.2809

SECTION 1. Section 37b of Chapter 71 of the General Laws, as appearing in the 2020 Official Edition is hereby amended by inserting after the word “individual” in line 56 the following:-

“On or after January 1, 2026, any company that administers a retirement plan offered by a political subdivision of the state to the employees of such political subdivision shall disclose to each participant in such retirement plan: (1) The fee ratio and return, net of fees, for each investment under the retirement plan, and (2) the fees paid to any person who, for compensation, engages in the business of providing investment advice to participants in the retirement plan either directly or through publications or writings. Such disclosures shall be made upon initial enrollment in the retirement plan and at least annually thereafter. For the purposes of this section, "retirement plan" means any retirement plan created in accordance with the provisions of Section 403(b) of the Internal Revenue Code of 1986, or any subsequent corresponding internal revenue code of the United States, as amended from time to time.”

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