Governor Charles D. Baker's Budget Recommendation - House 1 Fiscal Year 2016

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Outside Section 17

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FY17 Pension Transfer

SECTION 17.   Section 22C of chapter 32 of the General Laws, as so appearing, is hereby amended by striking out the figure "$2,169,000,000," as inserted by section 69 of chapter 165 of the acts of 2014, and inserting in place thereof the following figure:- $2,217,749,000.

This section changes the amount required to be transferred to the retirement system in fiscal year 2017, to reflect the impact in that year of the early retirement incentive program implemented during fiscal year 2015 on the retirement system.

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