Two identical bills to reward public employees with a retirement credit bonus for working during the COVID-19 emergency are currently pending in each chamber of the Massachusetts Legislature. The bills would add billions of dollars in liabilities to public pension funds and reward workers based on their compensation, years of service and age rather than the type or duration of the work performed during the emergency, according to a new study published by Pioneer Institute.
About James Bohn
James Bohn is an economist with more than 25 years of experience in government, business, and academics. He was formerly an Assistant Vice President and Senior Professional at the Federal Reserve Bank of Boston. He holds a Ph.D. in Business Economics from Harvard University, is a CFA char¬ter holder and is a Certified Fraud Examiner.
Entries by James Bohn
The pension system for Massachusetts state workers and retirees has recently received a great deal of attention. Governor Deval Patrick signed reform legislation in June 2009, and additional reforms may be forthcoming. Much of the media coverage of pension issues has focused on sensational accounts of pension abuse.