Massachusetts Statutes

§ 22B — Reduction of unfunded pension liability

Massachusetts·Part I ADMINISTRATION OF THE GOVERNMENT·Title IV CIVIL SERVICE, RETIREMENTS AND PENSIONS·Ch. 32 RETIREMENT SYSTEMS AND PENSIONS
Section 22B. In each fiscal year, the governor shall recommend to the general court an appropriation to be set aside in the PRIT Fund to reduce the unfunded pension liability of retirement systems participating in said fund pursuant to section twenty-two. Such recommendation shall be equal to or greater than one point three per cent of the total amount appropriated for the salaries of permanent and temporary state employees in subsidiary accounts ''01'' and ''02'', so called, in such fiscal year.

Free access — add to your briefcase to read the full text and ask questions with AI

Massachusetts § 22B (Reduction of unfunded pension liability) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Nearby Sections

6
View on official source ↗