An Act relative to employee retirement contributions

This bill amends state law to increase the maximum annual contribution limit for certain retirement plans. It raises the tax-free contribution threshold from $30,000 to $50,000 for eligible state employees. This change directly affects public employees participating in the retirement system by allowing them to contribute more annually without incurring income tax on those contributions. The amendment modifies an existing provision in Chapter 32 of the General Laws, specifically Section 22, Subdivision (1), Paragraph (b1/2).