From the Media

Social Security has tilted to favor higher earners who delay claiming benefits, report says

Social Security has tilted to favor higher earners who delay claiming benefits, report says

By Robert Weisman, Boston Globe Staff

The nation’s Social Security program was designed with special concern for the least fortunate Americans, to keep them from sinking into poverty when they became too old to work.

But recent demographic changes have tilted the system against lower earners who claim Social Security benefits early, even as they’ve rewarded higher earners who claim benefits later, according to a Boston College report.

State Lawmakers Reach Compromise On $43.1 Billion State Budget

STATEHOUSE, BOSTON, JULY 21, 2019 (STATEHOUSE NEWS SERVICE) – Three weeks after the start of the new fiscal year, Democratic leaders finalized a fiscal 2020 budget agreement over the weekend to end a weeks-long stalemate and authorize $43.1 billion in state government spending over the next year.

Sound, Fury and Prescription Drugs

Despite talk of reform, drug prices keep climbing. Here’s how to change that.

By The NYT Editorial Board

Reducing Poverty for Our Oldest Retirees

Reducing Poverty for Our Oldest Retirees

With more Americans today living into their 80s and beyond, the elderly are becoming more vulnerable to slipping into poverty.

Bill Would Rework Limits on Social Security for Some Public Workers

It’s the latest effort by lawmakers to overhaul the “Windfall Elimination Provision," which affects benefits for thousands of state and local government employees around the U.S.

Congressional lawmakers are proposing bipartisan legislation they say would improve the fairness of Social Security for state and local government retirees by revamping a provision that can restrict benefits from the federal retirement program for some public workers.

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.

Trump thanks federal employees with $143.5 billion in retirement cuts

By Joe Davidson, Washington Post 

President Trump really knows how to say thank you.

Just as festivities geared up for Public Service Recognition Week, which began Sunday, his administration sent a letter to Congress proposing $143.5 billion in compensation cuts for federal employees. 

LEGIS, BAKER ACT TO SAVE RETIRED TEACHERS ON HEALTH INSURANCE

Urgent legislation required to spare a group of retired public employees, mostly teachers, from a spike in health care costs next year sped through the legislative chambers on Monday and Gov. Charlie Baker quickly signed his name to the bill he filed just over a week ago. The new law will merge roughly 10,000 retirees into the main pool of Group Insurance Commission members, enabling them to avoid cost spikes, according to the governor and GIC officials.

BILL POISED FOR FAST TRACK TO AVOID HEALTH INSURE $$$ SPIKE FOR RETIRED TEACHERS

By Matt Murphy
STATE HOUSE NEWS SERVICE

STATE HOUSE, BOSTON, MARCH 20, 2018....House and Senate leaders said Tuesday they will try to quickly pass a bill filed by Gov. Charlie Baker, perhaps as soon as this week, in an effort to avoid steep health insurance premium spikes for nearly 1,000 retired teachers and elderly government retirees.

Cigna to Buy Express Scripts in $52 Billion Health Care Deal

The health insurance giant Cigna said on Thursday that it had agreed to buy Express Scripts, the nation’s largest pharmacy benefit manager, in a $52 billion deal that could further reshape the roiling health care landscape.