Articles about Investments that may be useful to Massachusetts retirees.
2007 JULY - Pension Fund Investments Earned 18.09% - According to data recently released by the Public
Employee Retirement Administration Commission (PERAC), the Clinton Retirement
Board had the highest pension fund investment return among our state's 106
retirement systems in year 2006.
2007 March - Investments Earned 16.72% in '06 - Boosted by another of its late season rallies in November and December, the Massachusetts pension investment fund earned 16.72% in Year 2006, continuing to maintain its standard as one of the top performing public funds in the country.
NOV 2006 - Unlike Governor Romney and Lt. Governor Healey who believe
there is room for an alternative retirement plan within our state’s current
universal defined benefit (DB) plan, our Association’s position is that all
public employees should be members of the current DB plan which applies to all
106 of our retirement systems.
SEPTEMBER 2006 - In maintaining its policy of diversifying the Commonwealth’s giant pension fund, the Pension Reserves Investment Trust (PRIT) Fund includes a timber allocation within its assets.
JULY 1999 - Cellucci Proves His Case - Following
a string of strong criticism from legislative leaders, the state
treasurer, and this Association, Governor Paul Cellucci released
information supporting his plan to revamp the state and teachers'
pension funding schedule.
MAY 1999 - POB Being Studied By Public Service - As we reported earlier (January Voice),
several bills are now before the Legislature that allow municipalities
to pay off their unfunded pension liability by issuing pension
obligation bonds. As they proceed through the legislative process, we
will be working to insure that our concerns, raised in our earlier
reports, are satisfied.
MARCH 1999 - Buoyed
by a strong final quarter, PRIT, the state and teachers' pension fund,
earned almost 15 percent on its investments for the year 1998.
MARCH 1999 - Battle Looms Over Who Benefits From A Pension Surplus - Ever
since the City of Worcester sold $220 million in pension obligation
bonds, POBs have become the hottest buzzwords in public retirement
circles. But even with all the fanfare, it remains to be seen if POBs
are the wave of the future.
JANUARY 1999 - “We
expect the City of Worcester retirement system to be fully funded by
the beginning of next year (1999),” announced Ray McGrath, an elected
member of that municipality’s retirement board, at the Association’s
Central Mass. meeting in Shrewsbury. These were extremely encouraging
words to the Worcester retirees in attendance.
NOVEMBER 1998 - Police Association Gains Key Seat - Acting
Governor Paul Cellucci has appointed Fall River police officer Jim
Machado to a seat on the nine-member Pension Reserves Investment
Management (PRIM) Board.
Since 1968 the Retired State, County and Municipal Employees Association has been the leading voice for Massachusetts public retirees and their families. Join with our 52,000 members as we continue the fight.
