Investments

Articles about Investments that may be useful to Massachusetts retirees.

PENSION FUND INVESTMENTS DOWN IN '11

MARCH 2012 VOICE: Year 2011 was not a good year for the $47.1 billion Commonwealth’s Pension Reserves Investment Trust (PRIT) Fund.

After strongly recovering from disastrous Year 2008, when the Fund lost -29.50% of its value, followed by earnings of 17.06% in Year 2009 and 13.56% in Year 2010, the Fund was a victim of the worldwide market slump last year. PRIT barely squeaked into the black with a return of 0.15%

MassPRIM embraces diverse FUTURE

MassPRIM embraces diverse FUTURE

Massachusetts Pension Reserves Investment Management Board, Boston, unveiled an initiative to substantially increase its allocation to diverse and emerging managers.

The goal of the FUTURE initiative, which was presented to MassPRIM's investment committee meeting Tuesday , is to bring the pension plan's exposure to emerging and diverse managers to at least 20%.

Vaccine Call Center Goes Live for 75 and Older

Vaccine Call Center Goes Live for 75 and Older

Guv: Weekday Operation Will Be "Huge Help"

Chris Lisinski, State House News Service

FEB. 5, 2021.....More than a week after Gov. Charlie Baker first directed adults 75 and older to start booking COVID-19 vaccine appointments through an online-only platform, a state-run call center aimed at helping seniors who struggle to access or navigate the website is now live.

Mass. Economic Roundtable Provides Fiscal Update

Mass. Economic Roundtable Provides Fiscal Update

3% State / Teacher COLA Remains Delayed With FY21 Budget

October 7, 2020: State officials held a special Economic Roundtable meeting today focused on the impact of the ongoing COVID-19 pandemic on the Massachusetts economy and tax revenues.

Pension Fund, MIT Launch Social Investing Project

Rating Discrepancies Underscore Need for Research

Colin A. Young, State House News Service

SEPT. 9, 2020.....The Massachusetts state pension fund is teaming up with the MIT Sloan Sustainability Initiative to try to improve the data available to investors who want to make decisions based on things like the way a company treats its workers, its carbon emissions or its product safety record.

Mass Public Pension Systems Stable & Secure

Mass Public Pension Systems Stable & Secure

Well Prepared to Weather Storm

APRIL 24, 2020: Learning from the 2008 Financial Collapse and Great Recession that followed, Massachusetts’ 104 public pension systems are financially stable and secure. Not a single system in the Commonwealth is in financial hardship or stands in danger of not being able to meet pension obligations to retirees.

Pension Fund Weathering Storm of Pandemic, Markets

Pension Fund Weathering Storm of Pandemic, Markets

Managers Overseeing $70.7 Billion Fund From Homes

Colin A. Young, State House News Service

BOSTON, APRIL 22, 2020.....The state pension fund is confident that, despite the volatility that has rocked financial markets over the last six weeks or so, it will have no problem paying out roughly $1.3 billion for pension benefits this year.

PRIM Board Election Underway

PRIM Board Election Underway

MARCH 25, 2019: This week, retired and active state employees began to receive ballots to cast a vote to elect your representative to the state's Pension Reserves Investment Management (PRIM) Board. Mass Retirees Executive Vice President Paul Shanley is the current elected member and is seeking reelection as your representative. Our Association has endorsed Paul and fully supports his reelection to this very important position.

Secure retirement benefits

Secure retirement benefits

Dear Members,

I hope you and your loved ones are safe and enduring this difficult time as best as you can. Here at Mass Retirees, our staff is doing as well as can be expected. We are still working on your behalf, albeit remotely. If you need us, please call or email.

State Officials Hold Annual Revenue Consensus Hearing

State Officials Hold Annual Revenue Consensus Hearing

Pension Funds Cited As Positive Economic Factor

DECEMBER 5, 2018: This morning the state’s top budget, revenue and fiscal officials conducted what’s known at the Revenue Consensus Hearing. The annual State House meeting kicks off the coming budget debate for FY 2020.