Breaking News

Aggressive Start to 2014

Public Service Committee Meets

JANUARY 2, 2014: The Joint Committee on Public Service is off to an aggressive start early in 2014 with a public hearing scheduled for Tuesday, January 7th at 11:00 AM.

Tuesday’s hearing will focus on legislation impacting group classification of active employees. As members know, Massachusetts’ public retirement is organized into four groups (1-4), which are set in statute by the legislature.

Ralph White Reelected in Landslide

New 3-Year Term On State Retirement Board

DECEMBER 10, 2013: The Association’s Ralph White has been reelected to a new 3-year term on the State Retirement Board. White topped the ticket in a landslide, winning by more than 11,000 votes.

He received 79% of the total votes cast by the members of the State Retirement System. White has served on the Board since 1996.

Judge Approves Detroit Pension Cuts

Situation In Mass. Vastly Different

DECEMBER 4, 2013: A federal bankruptcy judge has granted approval for the City of Detroit to move forward with its bankruptcy protection plan – a plan that will include cuts to the pensions of existing city retirees and future benefits of active employees.

Massachusetts Joins Institutional Carbon Clash

Massachusetts Joins Institutional Carbon Clash

NOVEMBER 21, 2013: An article in today’s DCDB Daily Free E-Newsletter says that Massachusetts Treasurer and Receiver General Steve Grossman, Chairman of the Pension Reserves Investment Management (PRIM) Board, manager of the state’s more than $54 billion Pension Reserve Investment Trust (PRIT), has lodged support for mission-based investing focused on climate change.

Following Packed Hearing H59 Under Review

Following Packed Hearing H59 Under Review

2013 Legislative Session Winds Down

NOVEMBER 12, 2013: Hundreds of public employees from across all walks of state and local government made their concerns known at a packed public hearing on retiree healthcare reform on October 31st.

The hearing, on H59, was held before the Joint Committee on Public Service. Chaired by Senator William Brownsberger (D-Belmont) and Rep. Aaron Michlewitz (D-North End), the Public Service Committee is now conducting a thorough review of the bill.

FEDS ANNOUNCE 2014 CPI: 1.5%

No Increase For Medicare Part B Premium

OCTOBER 30, 2013: Today, the Social Security Administration announced that the Consumer Price Index (CPI) for the previous 12 months (September ’12 to Oct ’13) is 1.5%. The announcement follows recent reports by the Federal Reserve detailing historically low inflation.

RETIREE HEALTHCARE REFORM REENTERS SPOTLIGHT

Public Hearing on H59 Thursday

OCTOBER 28, 2013: Arguably the biggest issue to come before the legislature during the current two-year session reenters center stage on Beacon Hill this week, when H59, the much watched Retiree Healthcare Reform proposal, receives a public hearing.

DISABILITY BILL HEARING TUESDAY

Healthcare Reform Set For Halloween

OCTOBER 18, 2013: On Tuesday, the Joint Committee on Public Service will conduct a public hearing that includes legislation filed by the Association relative to disability retirement.

The bills, filed on our behalf by Representative Tacky Chan (D-Quincy), propose to improve the ordinary disability benefit for future retirees, as well as alter the oversight of disability retirees.

HEALTH EXCHANGE KICKOFF: No Impact On Current Insurance Plans

OCTOBER 1, 2013: Today marks the nationwide kickoff of the new health insurance exchanges, the main component of the federal Affordable Care Act (ACA), commonly called Obamacare. Between now and December 15, individuals can sign up for one of the health insurance plans being offered through their state’s exchange, with insurance coverage

MACRS EXECUTIVE BOARD VOTES TO OPPOSE DIVESTITURE OF FOSSIL FUEL IN PENSION FUNDS

MACRS EXECUTIVE BOARD VOTES TO OPPOSE DIVESTITURE OF FOSSIL FUEL IN PENSION FUNDS

SEPTEMBER 13, 2013: Yesterday, the 18-member Executive Board of the Mass. Association of Contributory Retirement Systems (MACRS) unanimously voted to oppose legislation that would require the State’s Pension Fund Board (PRIM Board) to divest all holdings in the Fund, which include fossil fuel such as oil, gas and coal.