Bill
H 2933
Overview: H 2933, An Act relative to the membership of the PRIM Board, has been read a second time and ordered to a third reading in the legislature.Purpose and Intent: The bill ai
Overview: H 2933, An Act relative to the membership of the PRIM Board, has been read a second time and ordered to a third reading in the legislature.
Purpose and Intent: The bill aims to modify the composition of the Pension Reserves Investment Management (PRIM) Board, which oversees the investment of the state's pension funds.
Key Provisions:
- Increases the number of PRIM Board members from 9 to 11
- Adds two new members to the Board, one appointed by the State Treasurer and one appointed by the State Auditor
Affected Parties and Impacts:
- The PRIM Board, which will have a larger and potentially more diverse set of members overseeing the management of the state's pension funds
- Pension fund beneficiaries, who may see impacts on the investment performance and management of their retirement savings
Procedural and Timeline Considerations:
The bill has passed its second reading and is now scheduled for a third reading. If approved, the changes to the PRIM Board's membership will take effect upon the bill's enactment.
Compiled from official sources — confirm details with the bill’s official record.
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