An Act relative to the Massachusetts Turnpike Authority Employees’ Retirement System

HD 726 dissolves the Massachusetts Turnpike Authority Employees’ Retirement System and transfers all its members, assets, and liabilities to the Massachusetts State Employees’ Retirement System. The state assumes full responsibility for all retirement benefits, including pensions and annuities, for current and future MTA retirees. It also requires new Massachusetts Department of Transportation employees (hired after January 1, 2010) to join the state retirement system. These changes take effect on July 1, 2009, for the MTA transfer and January 1, 2010, for new DOT hires.