Massachusetts Pension Reserve Investment Management Requirements

State Bills: Massachusetts

Published February 27th, 2025

Detected April 1st, 2026

Summary

Representative Erika Uyterhoeven introduced Massachusetts Bill H.2983 to establish requirements concerning investments of the Massachusetts Pension Reserve Investment Management (PRIM). The bill was referred to the Joint Committee on Public Service on February 27, 2025, with a public hearing scheduled for July 16, 2025. The bill accompanies a study order (H5312) and remains in the legislative process.

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What changed

Bill H.2983 proposes new requirements related to the Massachusetts Pension Reserve Investment Management (PRIM), the state agency responsible for managing public pension investments. Introduced by Representative Uyterhoeven, the bill seeks to modify how PRIM invests or manages pension funds. The specific substantive provisions are not yet detailed as the bill is in early legislative stages.

Compliance officers and investment managers should monitor this legislation as it progresses through the Massachusetts General Court. A public hearing is scheduled for 07/16/2025, providing an opportunity for public comment. Once enacted, the bill may impose new fiduciary, disclosure, or investment restrictions on PRIM and its investment activities. Entities doing business with or competing for PRIM investment contracts should track this bill's development.

What to do next

Monitor H.2983 progress through the Massachusetts General Court
Prepare comments for the 07/16/2025 public hearing if affected by potential PRIM investment changes
Review current PRIM investment policies against any forthcoming requirements

Source document (simplified)

Bill H.2983 194th (Current)

An Act concerning investments of the Massachusetts Pension Reserve Investment Management (PRIM)

By Representative Uyterhoeven of Somerville, a petition (accompanied by bill, House, No. 2983) of Erika Uyterhoeven relative to certain investments of the Massachusetts Pension Reserve Investment Management. Public Service.

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Bill Information

Presenter: Erika Uyterhoeven Tabs Bill History Petitioners Committee Vote Committee Summary Hearing Attendance

Bill History

Displaying 5 actions for Bill H.2983
| Date | Branch | Action |
| --- | --- | --- |
| 2/27/2025 | House | Referred to the committee on Public Service |
| 2/27/2025 | Senate | Senate concurred |
| 7/7/2025 | Joint | Hearing scheduled for 07/16/2025 from 01:00 PM-05:00 PM in A-2 |
| | House | Reported by committee to Clerk’s Office for processing, will accompany a study order |
| 3/30/2026 | House | Accompanied a study order, see H5312 (under House Rule 27) |
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