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Pension stakeholders seek PRIM board seat and changes to underfunding rules
Summary
Representatives of firefighter unions and contributory retirement systems testified in favor of bills to add worker representation on joint purchasing committees, secure a PRIM Board seat for non‑state systems and change the thresholds that trigger mandatory PRIM participation for underfunded municipal systems.
Representatives of public pension stakeholders told the Joint Committee on Public Service they support multiple bills to change governance and underfunding rules affecting municipal and county retirement systems and PRIM, the state pension asset pool.
"We are on the record in support of House Bill 2999 and related measures," Paul Jacques, legislative agent for the Professional Firefighters of Massachusetts, said, urging fair worker representation on joint…
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