HB 556-FN-LOCAL (2016): establishing a cash balance plan for public employees in the retirement system.

Cite this page

Granite Record indexes the General Court’s record; it is not that record. Where a citation allows only one source, cite the General Court — every page here links to what it is drawn from. The date below is the day the page was read.

MLA
“HB 556-FN-LOCAL (2016): establishing a cash balance plan for public employees in the retirement system.” Granite Record, https://graniterecord.org/bill/2016/hb556. Accessed 24 Oct. 2026.
APA
Granite Record. (n.d.). HB 556-FN-LOCAL (2016): establishing a cash balance plan for public employees in the retirement system. Retrieved 24 Oct. 2026, from https://graniterecord.org/bill/2016/hb556
Chicago
Granite Record. “HB 556-FN-LOCAL (2016): establishing a cash balance plan for public employees in the retirement system.” Accessed 24 Oct. 2026. https://graniterecord.org/bill/2016/hb556.
BibTeX
@misc{bill-2016-hb556, title = {HB 556-FN-LOCAL (2016): establishing a cash balance plan for public employees in the retirement system.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/2016/hb556}, note = {Accessed 24 Oct. 2026} }

HB 556-FN-LOCAL (2016)

establishing a cash balance plan for public employees in the retirement system.

  • Status: Referred for interim study
  • Term: 2015-2016
  • House committee: Special Committee on Public Employee Pension Plans
  • Subject: Retirement

The Story

It was introduced on January 8, 2015 and referred to the House Special Committee on Public Employee Pension Plans committee. The committee held a public hearing on February 2, 2015. The committee held a work session on February 6, 2015. The committee met in executive session on February 6, 2015 to vote on its recommendation. The committee retained the bill, holding it for further work rather than reporting it out this year. The committee held a work session on November 4, 2015. The committee met in executive session on November 4, 2015 to vote on its recommendation. The committee reported: Refer to Interim Study for Jan 6 by a vote of 9–4. On January 7, 2016 the House rejected a motion to lay it on the table on a division vote 130–139, on a motion by Rep. Goley. On January 7, 2016 the House voted to study it after the session ends on a division vote 170–97. The committee held a work session on September 15, 2016. The committee reported back on its interim study of the bill: “Recommended for Future Legislation”, by a vote of 7 to 6.

Sponsors

Hearings and Sessions

  • February 2, 2015, 10:00 AM: public hearing, House Special Committee on Public Employee Pension Plans, LOB 204
  • February 6, 2015, 10:00 AM: full committee work session, House Special Committee on Public Employee Pension Plans, LOB 204
  • February 6, 2015, 10:00 AM: executive session, House Special Committee on Public Employee Pension Plans, LOB 204
  • November 4, 2015, 1:00 PM: full committee work session, House Special Committee on Public Employee Pension Plans, LOB 301
  • November 4, 2015, 1:30 PM: executive session, House Special Committee on Public Employee Pension Plans, LOB 301
  • September 15, 2016, 10:00 AM: full committee work session, House Special Committee on Public Employee Pension Plans, LOB 202

Votes

  • January 7, 2016, House: Lay on Table — yeas 130, nays 139, failed
  • January 7, 2016, House: Refer for Interim Study — yeas 170, nays 97, passed

The Docket

  • January 8, 2015: Introduced and Referred to Special Committee on Public Employee Pension Plans
  • February 2, 2015: Public Hearing: 2/2/2015 10:00 AM LOB 204
  • February 6, 2015: Full Committee Work Session: 2/6/2015 10:00 AM LOB 204
  • February 6, 2015: Executive Session: 2/6/2015 10:00 AM LOB 204
  • February 6, 2015: Retained in Committee
  • November 4, 2015: Full Committee Work Session: 11/4/2015 1:00 PM LOB 301 *note room change
  • November 4, 2015: Executive Session: 11/4/2015 1:30 PM LOB 301 *note room change
  • November 12, 2015: Committee Report: Refer to Interim Study for Jan 6 (Vote 9-4; RC)
  • January 7, 2016: Lay on Table (Rep. Goley): MF DV 130-139 01/07/2016
  • January 7, 2016: Refer for Interim Study: MA DV 170-97 01/07/2016
  • May 17, 2016: ==CANCELLED== Interim Study Full Committee Work Session: 05/17/2016 01:30 PM LOB 202
  • September 15, 2016: Interim Study Full Committee Work Session: 09/15/2016 10:00 AM LOB 202
  • September 15, 2016: Interim Study Full Committee Work Session: 09/15/2016 10:00 AM LOB 202
  • October 28, 2016: Interim Study Report: Recommended for Future Legislation (Vote 7-6)

Laws It Would Change

Related Bills

  • HB 455 (2013): establishing a committee to study the use of a cash balance retirement plan for new state employees.

From the General Court