The bill aims to enhance financial stability for seniors by mandating the office of the state treasurer to create and regularly update a model curriculum focused on financial literacy. This initiative will be developed in collaboration with the executive office of elder affairs, the Massachusetts Councils on Aging, and AARP Massachusetts.

To implement this, the bill introduces a new section, Section 79, to Chapter 10 of the current law, which emphasizes the importance of equipping seniors with the necessary knowledge and skills to manage their finances effectively. This effort reflects a commitment to supporting the financial well-being of the senior population in the state.