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2012 -- H 7944 | |
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LC00255 | |
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STATE OF RHODE ISLAND | |
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IN GENERAL ASSEMBLY | |
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JANUARY SESSION, A.D. 2012 | |
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J O I N T R E S O L U T I O N | |
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CREATING A SPECIAL LEGISLATIVE COMMISSION TO STUDY AND HAVE | |
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OVERSIGHT ON MUNICIPALLY RUN PENSION SYSTEMS | |
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Introduced By: Representative Robert A. Watson | |
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Date Introduced: March 14, 2012 | |
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Referred To: House Finance | |
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RESOLVED, That a special legislative commission to be known as the “Municipally Run |
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Pension Systems Task Force” be and the same is hereby created consisting of ten (10) members: |
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five (5) of whom shall be members of the house of representatives, three (3) to be appointed by |
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the speaker of the house and two (2) by the house minority leader, and five (5) of whom shall be |
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members of the senate, three (3) to be appointed by the president of the senate and two (2) by the |
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senate minority leader. |
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The purpose of said commission shall be to make a comprehensive study, and develop a |
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strategy for maintaining the solvency and integrity of municipally run pension systems. |
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The study shall include, but not be limited to: |
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(1) Developing a reasonable plan of necessary statutory changes; and |
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(2) Determining ways to promote standards and regulatory structures that are compatible |
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with the solvency and integrity of such systems. |
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Forthwith upon passage of this resolution, the members of the commission shall meet at |
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the call of the speaker of the house and organize and shall select a chairperson. Vacancies in said |
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commission shall be filled in like manner as the original appointment. |
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The membership of said commission shall receive no compensation for their services. |
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All departments and agencies of the state, shall furnish such advice and information, |
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documentary and otherwise, to said commission and its agents as is deemed necessary or |
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desirable by the commission to facilitate the purposes of this resolution, and the commission shall |
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have the power of subpoena. |
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The joint committee on legislative services is hereby authorized and directed to provide |
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suitable quarters for said commission; and be it further. |
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RESOLVED, That the commission shall report its findings and recommendations to the |
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general assembly no later than May 31, 2012, and said commission shall expire on July 30, 2012. |
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LC00255 | |
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EXPLANATION | |
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BY THE LEGISLATIVE COUNCIL | |
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OF | |
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J O I N T R E S O L U T I O N | |
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CREATING A SPECIAL LEGISLATIVE COMMISSION TO STUDY AND HAVE | |
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OVERSIGHT ON MUNICIPALLY RUN PENSION SYSTEMS | |
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*** | |
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This resolution would create a 10 member special legislative commission known as the |
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“Municipally Run Pension System Tack Force”. The commission would have subpoena power. |
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That the commission would report its findings and recommendations to the general |
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assembly no later than May 31, 2012, and said commission would expire on July 30, 2012. |
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LC00255 | |
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