Articles about Retirement Boards that may be useful to Massachusetts retirees.
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%
Final Approval by Governor Expected Soon
APRIL 3, 2020: Late Thursday, the Legislature passed special legislation that waives the legal limit on public retirees working in government jobs here in Massachusetts. Governor Charlie Baker is expected to sign this special act as soon as today, which will waive both the hour and earnings limits for superannuation retirees in 2020.
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.
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.
OCTOBER 16, 2019: An election is now underway for state retirees and active employees to elect one of two representatives to the State Retirement Board. Mass Retirees President Frank Valeri is seeking reelection to a 2nd term on the State Board.
In our Association’s last May edition of The Voice we highlighted the Fall River Retirement Board and the City of Fall River itself.
We also named the young Fall River Mayor Jasiel Correira, in a positive sense, highlighting his website message:
Jasiel Correira: “Make it Here” is for the dream chasers, entrepreneurs, business-owned hungry graduates, and all those looking for reinvention in its myriad forms. Because they can make it here in Fall River whether a dream, a destination or the chance at a fresh start at a new day.”
For Reelection to State Retirement Board
State Retirees and active employees should be aware that an election is now underway for one of two seats on the State Board of Retirement. These elected officials are your representatives on the five-member Board.
As members know, Mass Retirees President Frank Valeri currently serves as one of the two elected members on the State Retirement Board. His term will end December 2019.
Firefighters Focus on Prevention
Twice a year the Mass. Association of Contributory Retirement Systems (MACRS) holds educational conferences designed to enhance the knowledge of board members and staff from the state’s 104 retirement systems. Beyond simply learning about investment practices and retirement law, attendees have the opportunity to grow their knowledge of some of the most important issues of our times.
State Treasurer Deb Goldberg has announced the Mailing dates for State and Teacher pension checks for calendar year 2018. Also included are the direct deposit dates for those members who utilize that service through the Treasurer’s office.
PRIM BALLOTS DUE - Tuesday, MAY 9th
APRIL 10, 2017: For those retired members of STATE Retirement system who have not submitted ballots for this very important election at the State Pension Reserves Investment Management board (PRIM); Please vote on-line before Tuesday, May 9th before 5pm, or by mail, postmarked before such deadline!
“Its essential we continue to have a voice on the investment arm of our state pension system, please vote for Paul Shanley”, Association President Frank Valeri.
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.
