An Act relative to the 401(k) CORE Plan

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 401(k) CORE Plan

An Act relative to the 401(k) CORE Plan So much of the recommendations of the Department of the State Treasurer (House, No.

What This Bill Does

• An Act relative to the 401(k) CORE Plan So much of the recommendations of the Department of the State Treasurer (House, No.
• 35) as relates to the 401(k) CORE Plan.
• State Administration and Regulatory Oversight.
• Status: Referred to House Committee on Ways and Means

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.

Official Summary Text

An Act relative to the 401(k) CORE Plan
So much of the recommendations of the Department of the State Treasurer (House, No. 35) as relates to the 401(k) CORE Plan. State Administration and Regulatory Oversight.
Status:
Referred to House Committee on Ways and Means

Current Bill Text

×

Bill H.40

SECTION 1. Section 64E of chapter 29 of the General Laws, as appearing in the 2022 Official Edition, is hereby amended by striking, in lines 5 and 6, the words “and employing not more than 20 persons,”

SECTION 2. Said section 64E of said chapter 29, as so appearing, is hereby further amended by inserting at the end thereof the following subsection:-

(g) Notwithstanding any general or special law to the contrary, the state treasurer, or designee, may seek to reduce operating expenses for the plan through private donations or grants, which may include direct and indirect fundraising.

The information contained in this website is for general information purposes only. The General Court provides this information as a public service and while we endeavor to keep the data accurate and current to the best of our ability, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

Close