The bill amends several sections of the General Laws in Chapter 28-9.4, titled "Municipal Employees Arbitration," to enhance the rights of municipal employees regarding collective bargaining and arbitration. It establishes a public policy that supports the right of municipal employees to organize and negotiate collectively with their employers over wages, rates of pay, and all other terms and conditions of employment, while explicitly stating that the right to strike is not granted. The bill introduces a new method of arbitration to resolve disputes, recognizing the necessity of providing an alternative to striking.

Additionally, the bill outlines specific factors that arbitrators must consider when making decisions, including comparisons of wage rates and hourly conditions of employment with similar jobs in the local area, the interests and welfare of the public, and peculiarities of employment in other trades or professions. It grants arbitrators the authority to render binding decisions on all negotiated matters, including those involving financial expenditures. The amendments aim to ensure a prompt, peaceful, and just resolution of disputes between municipal employees and their employers, thereby strengthening the collective bargaining process.