Bill Text: MA S1045 | 2009-2010 | 186th General Court | Introduced
Bill Title: Provide temporary adjustments to pension appropriations
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2009-01-20 - Public Hearing date 5/4 at 11:00 AM in Hearing Room A1 [S1045 Detail]
Download: Massachusetts-2009-S1045-Introduced.html
The Commonwealth of Massachusetts
_______________
PRESENTED BY:
Kenneth J. Donnelly
_______________
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 provide temporary adjustments to pension appropriations.
_______________
PETITION OF:
|
Name: |
District/Address: |
|
Kenneth J. Donnelly |
Fourth Middlsex |
|
Thomas M. McGee |
Third Essex and Middlesex |
|
Bruce E. Tarr |
First Essex and Middlesex |
|
William N. Brownsberger |
24th Middlesex |
|
Stephen L. DiNatale |
3rd Worcester |
|
James Dwyer |
30th Middlesex |
The Commonwealth of
Massachusetts
_______________
In the Year Two Thousand and Nine
_______________
An Act to provide temporary adjustments to pension appropriations.
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 22 of chapter 32 of the General Laws, as appearing in the 2006 Official Edition, is hereby amended by inserting after subsection (10) the following subsection:-
(11) Notwithstanding any general or special law to the contrary, in any system which conducts an actuarial valuation as of January 1, 2009, the actuary may establish appropriations in fiscal years 2010 to 2012, inclusive, in accordance with the following: in fiscal year 2010 an appropriation may be established that is less than the appropriation made in fiscal year 2009 but at least ninety percent of the appropriation made in fiscal year 2009; in fiscal year 2011 an appropriation may be established that is less than the appropriation made in fiscal year 2009 but at least ninety – five percent of the appropriation made in fiscal year 2009 and in fiscal year 2012 an appropriation may be established that is equal to the appropriation made in fiscal year 2009.
