pensions

This op-ed appeared in the Worcester Telegram & Gazette on June 5, 2014. Illinois is often considered a basket case when it comes to obligations for public pensions and retiree health care liabilities, but really how far is Massachusetts from a similar status?...

State leaders’ 2010 decision to postpone the deadline for full funding of the state and teachers’ retirement systems from 2025 to 2040 may cost taxpayers up to $26.4 billion.

Study Finds Lack of Transparency and Chronic Underfunding Among Reasons For Sharply Deteriorating MBTA Retirement Plans’ Finances MBTA Retirement Fund does not post complete financial statements or board minutes online, isn’t subject to state pension regulations BOSTON – The MBTA Retirement Plan’s...

User-Friendly Online Tool Provides Easily Accessible Data, Rates Performance Of Commonwealth’s 100+ Public Pension Systems Pioneer Institute is unveiling the MassPensions data accessibility tool that provides year-by-year comparative data and ratings for the performance of each of the commonwealth’s more than 100...

Public retirement funds’ managers should embrace new reforms designed to minimize risk during this period of continued market volatility.

While current policies provide a solid basis for preserving assets in Massachusetts’ 105 public pension funds, improvements and updates would boost flexibility and investment returns, while promoting accountability and limiting unnecessary risks, according to a new study published by Pioneer Institute.

http://www.bostonmagazine.com/news/blog/2012/06/06/public-pension-math-state-police-version/ The recent announcement that State Police Superintendent Marian McGovern is going to retire prompted me to look into her compensation and her choices.  (Note: I don’t know the superintendent and don’t question her commitment to public service.  The point here is...