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%

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.

Once Again State Pension Fund One of the Best

Mass. pension fund enjoyed highest return from private equity investments of any in country

By Jon Chesto, GLOBE STAFF  MAY 23, 2018

The Massachusetts state pension fund is tops in its field when it comes to picking winners in the difficult world of private equity investments.

The Real Reason the Investor Class Hates Pensions

By DAVID WEBBER, New York Times MARCH 5, 2018

No issue in America today better illustrates the divergent interests of working Americans and the 1 percent than pension reform. Substantial empirical evidence shows that America’s favored retirement vehicle — the 401(k), recently renounced by its own inventors — is grossly inadequate and will leave tens of millions of Americans with insufficient retirement assets.

Fossil-fuel divestiture hearing: Retirees’ interests vs. environmental concerns

John Hilliard
State House News Service
June 9, 2015

During a packed hearing late Tuesday morning, supporters of bills that would divest public pensions from fossil fuel energy industry over concerns that relying on profits from those companies helps contribute to climate change.

FOSSIL FUEL DIVESTMENT TAKES CENTER STAGE

FOSSIL FUEL DIVESTMENT TAKES CENTER STAGE

Mass Retirees Supports Formal Study, Urges Caution

JUNE 10, 2015: On Tuesday, the complex issue of public pension fund divestment of fossil fuel investments took center stage at the Massachusetts State House. 

Leominster Retirement Board hit over pension-hike denial

By Jack Minch

LEOMINSTER -- A statewide association representing retired municipal employees is criticizing the city's Retirement Board for voting in July not to give retirees a cost-of-living pay increase in their pensions for the fifth straight year.

Leominster's COLA Denial For Fifth Year Unconsionable

Mayor Mazzarella Controlled Board Manipulates Funding Schedule and Treats Retirees as Second Rate

SEPTEMBER 2014 VOICE: By any fair measure, five years is a considerable amount of time. It’s half a decade, longer than a presidential or gubernatorial term in office and exceeds the time spent in high school or college. For Leominster’s retirees and survivors five years may only be the beginning of their wait for a modest and much needed cost-of-living adjustment (COLA).

U.S. Public Pensions Show Biggest Investment Gain in Three Years

U.S. state and local-government pension investments gained the most in three years as stocks soared, according to a report to be released today by Wilshire Associates Inc.

Budget Conference Underway

Insurance Moratorium Pending

JUNE 6, 2014: Following the passage of the Fiscal Year 2015 budget in both the House and Senate, legislative conferees are now negotiating a final unified state budget that will likely receive final approval in late June or early July.