MSERS

Local retirement systems generate heavy costs, larger fiduciary risks BOSTON – Massachusetts’s 102 local pension systems typically report administrative costs that are much higher than those of the Massachusetts State Employees’ Retirement System (MSERS), according to a new study published by Pioneer Institute....

Local systems forfeited some $2.9 billion over 30 years by not investing with PRIM, probably billions more if fees and compounding are included Read coverage of this report in the Boston Herald, The Bond Buyer, and Associated Press. BOSTON – The commonwealth should...