Massachusetts H2954 amends the funding ratio criteria for public employee retirement systems.
Massachusetts H2954 modifies the criteria for declaring a public employee retirement system underperforming. It specifies that a system with a funded ratio below 50% and an annual rate of return at least three percentage points lower than the PRIT Fund over the past ten years will be deemed underperforming. Additionally, it changes the revocation period for such a declaration from perpetual to a maximum of five years.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.