Bill H.16 188th (Current)

Section 1. Section 50 of Chapter 7 of the General Laws, as appearing in the 2010 Official Edition, is hereby amended by inserting after paragraph (c) the following paragraph:-

(c 1/2) performing regular desk examinations and field examinations of the “Other Postemployment Benefits” or OPEB Trust Funds, for which the commission is required by special or general law, at least once every three years;

Section 2. Subdivision (1) of Section 21 of Chapter 32 of the General Laws, as most recently amended by Chapter 176, of the Acts of 2011, is hereby amended by inserting after paragraph (d) the following paragraph:-

(e) The public employee retirement administration commission shall prescribe and supervise methods of accounting and recordkeeping, and any subsequent standards or reporting requirements prescribed by the Governmental Accounting Standards Board or successor authorities for the “Other Postemployment Benefits” or OPEB Trust Funds, for which the commission is required by special or general law, at least once every three years;