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H2954 • 2025

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

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

Labor
Active

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

Sponsor
Daniel J. Ryan
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 relative to the funding ratio of the public employee retirement system

An Act relative to the funding ratio of the public employee retirement system By Representative Ryan of Boston, a petition (accompanied by bill, House, No.

What This Bill Does

  • An Act relative to the funding ratio of the public employee retirement system By Representative Ryan of Boston, a petition (accompanied by bill, House, No.
  • 2954) of Daniel J.
  • Ryan relative to the funding ratio of the public employee retirement system.
  • 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

  1. 2026-03-30 House

    Accompanied a study order, see H5312 (under House Rule 27)

  2. 2025-05-29 Joint

    Hearing scheduled for 06/04/2025 from 01:00 PM-05:00 PM in A-2

  3. 2025-05-29 Joint

    Hearing rescheduled to 06/04/2025 from 01:00 PM-05:00 PM in A-1

  4. 2025-02-27 House

    Referred to the committee on Public Service

  5. 2025-02-27 Senate

    Senate concurred

  6. House

    Reported by committee to Clerk’s Office for processing, will accompany a study order

Official Summary Text

An Act relative to the funding ratio of the public employee retirement system
By Representative Ryan of Boston, a petition (accompanied by bill, House, No. 2954) of Daniel J. Ryan relative to the funding ratio of the public employee retirement system. Public Service.

Current Bill Text

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Bill H.2954

SECTION 1. Section 22 of chapter 32, as appearing in the 2018 Official Edition, is hereby amended by deleting the third sentence of subsection (c1/2) of subsection 8 and inserting in place thereof the following:- 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.

SECTION 2. Section 22 of Chapter 32, as appearing in the 2018 Official Edition, is hereby amended by deleting in the first paragraph of subsection (c 1/2) of subsection 8 the words "shall be in perpetuity" and inserting in the place thereof:- may not be revoked for five years.

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