Breaking News

LEGISLATURE PASSES RETIREE AMENDMENTS

Extends Dental & Survivor Benefits

JUNE 28, 2012: Retirees and survivors were greeted with good news late last night, as House and Senate budget negotiators announced an agreement on the $32.5 billion FY13 state budget. Beyond a 3% state & teacher COLA on the new $13,000 base are two long-sought benefit enhancements.

GIC DEADLINE EXTENDED

Peabody & Orange Eye January Entry

JUNE 20, 2012: A newly enacted change to insurance law has opened the door for mid-year entry into the state’s Group Insurance Commission (GIC). Unless otherwise provided by special act, enrollment in the GIC has traditionally begun on July 1.

Under Chapter 118, the FY13 Supplemental Budget signed into law by Governor Patrick on June 19, 2012, municipalities may now also enter the GIC on January 1, if they notify the agency of their intention to do so by July 1 of the previous year.

COLAs: FOCUS OF GLOBE ARTICLE

COLAs: FOCUS OF GLOBE ARTICLE

Piece Fair But Incomplete Picture

JUNE 18, 2012: Figures don’t tell the full story when pension cost-of-living increases are discussed in the press.

State Loses Top Pension Fund Manager

State Loses Top Pension Fund Manager

JUNE 11, 2012: The resignation of Stan Mavromates, the longtime chief investment officer of the Commonwealth’s $50 billion pension fund, has caused some concern among the retirement systems of the Commonwealth holding membership in the fund.

Although the bulk of the Fund is the State and Teachers’ Pension fund, the majority of our 103 city, town and county boards have placed their pension funds within PRIT and depend on PRIT’s investment earnings to increase the growth and value of their own funds.

Southeastern Mass Brunch This Friday

Southeastern Mass Brunch This Friday

Last Year, we held our first brunch meeting for our members living in the Southeastern region. Because of its success, we're going to do it once again - different date but same place and time.

Friday, June 15, 2012, 11:00 am

Radison Hotel - Plymouth Harbor
180 Water Street, Plymouth

There are plenty of door prizes, as well as guest speakers, and no charge!

ASSOCIATION DEFENDS RETIREE HEALTHCARE BENEFITS

ASSOCIATION DEFENDS RETIREE HEALTHCARE BENEFITS

Presents Report To Special Commission

JUNE 1, 2012: The Special Commission on Retiree Healthcare held its second meeting on Thursday, May 31. Similar to its inaugural meeting in April, the Commission used this meeting to continue its fact-finding inquiry into both state and local retiree healthcare benefits.

CORPORATE AMERICA: THE HEIGHT OF ARROGANCE

CORPORATE AMERICA: THE HEIGHT OF ARROGANCE

MAY 23, 2012: A series of articles by the Boston Globe’s Brian McGrory highlighted the excessive salary and perks of Edmund "Ted" Kelly, former CEO of Liberty Mutual here in Massachusetts.

Aside from his multi-million dollar salary, Kelly was a close friend of Liberty Mutual’s Board of Directors, millionaires themselves, who OK’d Kelly’s $50 million salary/compensation package. They each received an annual $200,000 in director’s pay.

SENATE BUDGET DEBATE UNDERWAY

Retirees Eye Amendments

MAY 22, 2012: The state Senate is now in the midst of its debate of the Commonwealth’s $32 billion FY13 budget. Debate on the 694 amendments is expected to last from Wednesday through Friday.

While the Senate has included a full 3% state and teachers COLA within its budget and maintained state retiree insurance rates, there is still work that remains to be done. With the support of Senator Ken Donnelly (D-Arlington), our Association has sponsored two budget amendments.

ANNUAL JUNE LUNCHEON

Space is Limited, Reserve Your Tickets Today!

MAY 11, 2012: June is just around the corner and with it comes our Annual Greater Boston Luncheon to be held on June 22, 2012 at 12:00 noon. Once again, it will be held at the Holiday Inn, Route 1, Dedham.

Our Annual Spring Luncheon is a great opportunity to enjoy lunch with your former coworkers and fellow retirees, while hearing the latest retirement and healthcare news from Association officials. Guests are always welcome at our events as well.

BUDGET DEBATE UNDERWAY IN HOUSE

3% COLA Approved & GIC Rates Maintained

APRIL 25, 2012: This week, debate is underway in the House of Representatives over the Fiscal Year 2013 State Budget. The weeklong debate will consider over 850 amendments to the $32 billion budget proposal.