Bill Text: MA S1058 | 2009-2010 | 186th General Court | Introduced
Bill Title: Define member contributions for retirement systems
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2009-01-20 - Public Hearing date 4/6 at 11:00 AM in Hearing Room B2 [S1058 Detail]
Download: Massachusetts-2009-S1058-Introduced.html
The Commonwealth of Massachusetts
_______________
PRESENTED BY:
James B. Eldridge
_______________
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 passage of the accompanying bill:
AN ACT TO DEFINE MEMBER CONTRIBUTIONS FOR RETIREMENT SYSTEMS.
_______________
PETITION OF:
|
Name: |
District/Address: |
|
James B. Eldridge |
Middlesex and Worcester |
The Commonwealth of
Massachusetts
_______________
In the Year Two Thousand and Nine
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AN ACT TO DEFINE MEMBER CONTRIBUTIONS FOR RETIREMENT SYSTEMS.
Be
it enacted by the Senate and House of Representatives in General Court
assembled, and by the authority of the same, as follows:
SECTION 1. Section twenty-two of Chapter 32 of the General Laws, as appearing in the 2006 Official Edition, is amended in sub-section (1) (b1/2) by:
by striking in the fifth sentence of such sub-section the words: thirty-five thousand dollars and replacing it with the words: fifty thousand dollars.
SECTION 2. By adding after the fifth sentence of said sub-section the following sentence:
Said amount shall increase each subsequent year by a sum equal to the increase in the U. S. consumer price index.
