Governor Deval Patrick's Budget Recommendation - House 1 Fiscal Year 2012

Governor's Budget Recommendation FY 2012

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Public Employee Retirement Administration Commission




Web Site:

www.mass.gov/perac

Organization Chart

Mission:

The Public Employee Retirement Administration Commission (PERAC) was created for and is dedicated to the oversight, guidance, monitoring and regulation of the Massachusetts Public Pension Systems. The professional, prudent, and efficient administration of these systems is the public trust of PERAC and each of the 105 public pension systems for the mutual benefit of the public employees, public employers and citizens of Massachusetts. The stewardship of the public trust is for the sole purpose of providing the benefits guaranteed to the public employees qualifying under the plans is the fulfillment of the obligation of the people of the Commonwealth to those who have dedicated their professional careers to the service of the people of the Commonwealth.

Governing Laws:

Statutes

MGL C. 7 S. 49 Public Employee Retirement Administration Commission
MGL C. 7 S. 50 Public Employee Retirement Administration Commission
MGL C. 32 S. 21 Duties of Commission

Regulations

840 CMR Public Employee Retirement Administration Commission Regulations

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