Shown verbatim: the complete text as captured from the official source posted by the Massachusetts General Court, fetched 2026-07-15. Nothing is edited or removed. The official bill page.
SECTION 1. Section 22C of chapter 32 of the General Laws is hereby amended by inserting at the end thereof the following new subdivision:- (5) In each fiscal year that there is no unfunded commonwealth pension liability the comptroller shall transfer from the General Fund, without further appropriation, to the Commonwealth’s Pension Liability Fund an additional amount that equals the normal cost of all future benefits for which the commonwealth is obligated in said fiscal year. SECTION 2. Section 22D of chapter 32 of the General Laws is hereby amended by inserting at the end thereof the following new subdivision:- (12) In the event that the unfunded pension liability of a system is reduced to zero in a fiscal year, the system’s funding schedule shall be designed to require an additional appropriation in said fiscal year to the pension reserve fund that equals the normal cost of all future benefits for which the system is obligated in said fiscal year. SECTION 3. The provisions of this act shall take effect on July 1, 2025.
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