SENATE DOCKET, NO. 1708 FILED ON: 1/6/2009
SENATE . . . . . . . . . . . . . . . No. 1024
The Commonwealth of Massachusetts
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PRESENTED BY:
Scott P. Brown
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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 relative to the prevention of overcompensation in the high
er education pension system
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PETITION OF:
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Name:
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District/Address:
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Scott P. Brown
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Norfolk, Bristol and Middlesex
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Richard R
. Tisei
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Middlesex and Essex
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Bruce E
. Tarr
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First Essex and Middlesex
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Robert L
. Hedlund
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Plymouth and Norfolk
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Michael R
. Knapik
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Second Hampden
and Hampshire
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[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE SENATE, NO. S01462 OF 2007-2008.]
The Commonwealth of Massachusetts
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In the Year Two Thousand and Nine
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An Act relative to the prevention of overcompensation
in the higher education pension system.
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 any general or special law to the contrary, a commiss
ion shall be established to study current compensation practices from the state pension system for retirees from the state’s higher education system. The goal of the commission shall be to review inordinate and excessive compensation packages including bu
t not limited to housing allowances and annuities and make a full report to the legislature with recommendations for legislation to prevent overcompensation. The commission will consist of the Treasurer and Receiver General of the Commonwealth, or his des
ignee, the Commissioner of Higher Education, or his designee, the Executive Director of the
Pension Reserves Investment Management Board
, or his designee, three members of the House of Representatives that are chosen by the Speaker, one of which a member o
f the minority party, three members of the Senate, chosen by the Senate President, one of which is a member of the minority party, the Secretary of Administration and Finance, or his designee and one member chosen by the Governor. Said commission shall su
bmit said report
back the Legislature with findings and recommendations for legislation on or before December 31, 2010.
