The bill amends Title 28 of the General Laws by adding a new chapter, CHAPTER 61, which establishes a "Portable Benefit Plan" specifically for independent contractors. It defines key terms such as "hiring party," "independent contractor," and "portable benefit plan." The legislation allows both governmental and private entities to voluntarily offer these plans, ensuring that contributions to the plans are voluntary and do not serve as a criterion for determining a person's employment classification.

Furthermore, the bill clarifies that a portable benefit plan for the benefit of an individual beneficiary shall not be construed as evidence of employer liability. Contributions made to such plans cannot be used to establish an employment relationship or employer responsibilities under various labor laws, including workers' compensation and employment security. This act is set to take effect upon passage.