House Passes Bill for Nonprofit Pension Plan

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BOSTON — State Rep. Gailanne M. Cariddi has announced legislation passed last week in the House of Representatives that would allow the state treasurer's office to offer a tax-deferred retirement savings plan to employees of nonprofit organizations. 

The House passed the bill 145-7.

"Many nonprofits work hard to provide health care and human services, and many other valuable services, but don't have the resources to offer a retirement plan for their hard-working staff, who likely not make significant pay," said the North Adams Democrat. "This is will be rewarding for nonprofit employees, as it should be, and it will likely mean greater worker retention in those areas. I'm hoping the Senate will favor the bill as well."

Some 14 percent of workers, nearly a half-million, are employed by nonprofits in the state.

The retirement savings plan that the Treasury is aspiring to create would be similar to a 401(k) or a 403(b). The plan that will be established for NPOs will deduct pre-tax dollars from an employee's paycheck and invest them in a tax deferred market portfolio. The treasurer's office would administer the participant-funded plan at no cost to taxpayers.


House Speaker Robert A. DeLeo said, "these NPOs provide critical services for a wide-ranging demographic. The passage of this bill sends the message that our government cares about these groups and the people they help."

Pending final passage of this bill, the Treasury plans to work with the Internal Revenue Service to establish a retirement savings program that would be made available to all of the non-profit organizations in the state.

The bill, H. 3754, is now on its way to the Senate and then Gov. Deval Patrick for further approval. 

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Community Hero of the Month: Remedy Hall Co-Founder Andi Bryant

By Sabrina DammsiBerkshires Staff
WILLIAMSTOWN, Mass.—Remedy Hall founder and board chair Andi Bryant is kicking off the new season of our Community Hero series, as the December Community Hero of the Month. 
 
The Community Hero of the Month is a 12-month series that honors individuals and organizations that have significantly impacted their community. This year's sponsor is Window World of Western Massachusetts. 
 
Bryant co-founded Remedy Hall in 2023 to lessen the financial burden of community members in need by providing essential items that people may be lacking, including hygiene items, cleaning supplies, clothing, bedding, furniture, and other necessities. 
 
In addition, they act as a "stopgap" to help guide people to resources that will provide additional support beyond the tangible items. 
 
"This is everything to me. My family will tell you they don't see me anymore. I spend probably way too much time here making sure that this is neat and clean and provide a compassionate, safe, dignified area for people with need," Bryant said. 
 
"I will have to say the heroes here are really the people that need the help. It takes a lot of courage for them to step forward, and walk in, and ask for help. And what we offer here is just a really safe, really non-judgmental, very dignified location for you to be able to do that." 
 
Remedy Hall's goal is to improve the lives of those facing economic and social challenges who have been exasperated by the effects of the pandemic and the rising cost of living, she said. 
 
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