Bill Text: MA S2020 | 2009-2010 | 186th General Court | Introduced
Bill Title: For legislation concerning the adoption of funding schedules by the city of Worcester Retirement Board
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2009-03-26 - Public Hearing date 5/4 at 11:00 AM in Hearing Room A1 [S2020 Detail]
Download: Massachusetts-2009-S2020-Introduced.html
The Commonwealth of Massachusetts
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PRESENTED BY:
Michael O. Moore
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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 passage of the accompanying bill:
An Act concerning the adoption of funding schedules by the city of Worcester Retirement Board.
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PETITION OF:
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Name: |
District/Address: |
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Michael O. Moore |
Second Worcester |
The Commonwealth
of Massachusetts
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In the Year Two Thousand and Nine
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An Act CONCERNING
THE ADOPTION OF FUNDING SCHEDULES BY THE CITY OF WORCESTER RETIREMENT BOARD.
Whereas, The deferred operation for this act would tend to
defeat its purpose, which is forthwith to allow the City of Worcester to
generate needed savings, therefore it is hereby declared to be an emergency
law, necessary for the immediate preservation of the public convenience.
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. Notwithstanding the provisions of section 22D of chapter 32 as appearing in the 2008 Official Edition of the General Laws, or any other provision of law to the contrary, the retirement board of the City of Worcester may vote to extend the period of the funding schedule up to ten years upon the completion of an actuarial report and acceptance of such report and the ratification of such vote by the public employee retirement administration commission.
SECTION 2. This act shall take effect upon passage.
