An Act relative to the fifth member of the public employee retirement systems
Massachusetts bill modifying the appointment and role of PERAC's fifth member to adjust public employee pension board representation and governance.
Massachusetts bill modifying the appointment and role of PERAC's fifth member to adjust public employee pension board representation and governance.
HD 2316 addresses the composition and appointment of the Public Employee Retirement Administration Commission (PERAC), which oversees Massachusetts' public pension systems. The bill modifies provisions related to the "fifth member" of PERAC—a position traditionally designated for a public representative or employee advocate. The specific changes relate to how this member is selected and what qualifications or roles they must fulfill.
PERAC oversees billions in assets held in public employee pension funds and sets policies affecting hundreds of thousands of current and retired public workers. The composition of its governing board directly influences how pension benefits are managed, investment decisions are made, and disputes are resolved. Changes to board membership can shift the balance of power between labor, management, and public interests.
Compiled from official sources — confirm details with the bill’s official record.
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