The Bay State’s Public-Pension Complex: Costly and Unaccountable
This report finds that Massachusetts’ 102 local systems (84 municipal, 12 regional and 6 “special” such as MHFA and Massport) have average per-member administrative costs that are at least triple those of the Massachusetts State Employees’ Retirement System (MSERS), with many that are far higher.
Download Report: The Bay State’s Public-Pension Complex: Costly and Unaccountable