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Lussier Heads To Washington |
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MAY 2003 - Modernized Teachers’ Retirement Board - With
the resignation of Teachers’ Retirement Board Director Tom Lussier, the
unprecedented exodus of the leaders of the Commonwealth’s three largest
retirement boards has been completed.
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Read more...
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Layoffs Certain In Cites And Towns |
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MARCH 2003
- Governor Files New Municipal Early-Out - Even though an estimated 2,300 employees of local governments within
our state retired under early retirement incentive (ERI) programs last
year, it quickly became apparent that another such option was needed
again this year.
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Read more...
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State Layoffs Continue Despite |
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MARCH 2003
- Last Year’s Early-Out Offer - A total of 4,575 state employees accepted the Commonwealth’s early
retirement incentive plan in 2002, well short of the hoped for 7,000
retirements.
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Read more...
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Budget Nightmare Hits Home |
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MARCH 2003
- Retirees Weather Multi-Billion Dollar Deficit - In what is being described as the worst fiscal emergency since the
Great Depression of the 1930s, state officials are trying to cope with
a huge multi-million dollar deficit for the current fiscal year, while
bracing for what could amount to a $2-3 billion deficit next year.Over
the course of the last 18 months, state officials have been able to
balance the books by tapping nearly $2 billion from reserve accounts,
raising just over $1.1 billion in new taxes, and dramatically cutting
many state programs. Among those programs either cut or altered is the
elimination of the retirees’ 2003 Medicare Part B refund ($28.8
million), along with the extension of the Commonwealth’s pension
funding schedule ($100 million).
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Read more...
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JANUARY 2003
- Will Rule On Pension Appeals - Retired Judge Paul Menton, who once chaired the Public Employee
Retirement Administration Commission (PERAC), has been appointed to the
state agency which rules on all pension disputes.Menton
was recently appointed, by Acting Governor Jane Swift, to the long
vacant position on the Contributory Retirement Appeals Board (CRAB).
The state's pension officials had called on Swift for over a year to
fill the position.
As one of three Board
members, Menton will be responsible for ruling on hundreds of
retirement appeals that are filed with CRAB each year. The cases range
from disputes over retirement calculations to disabilities.
The
other two members of CRAB are Joseph Martin, who is a deputy director
with the Public Employee Retirement Administration Commission, and
Assistant Attorney General Anthony Penski, who serves as chairman.
The
CRAB appointment is yet another role that Menton has taken on in his
long career in public service. The former district court judge was an
FBI agent, state representative and counsel to the House of
Representatives, before being appointed to the bench by former Governor
Michael Dukakis.
Menton was chosen
in 1996 to be the chairman of the newly formed PERAC, which is the
state agency responsible for regulating the state's pension law. To
become chairman, Menton was chosen by the other six PERAC
Commissioners, who are, themselves, appointed by the governor and
auditor.
Although Menton resigned
after about a year as chairman, he did play a key role in the early
formation of the agency. This included looking outside of Massachusetts
to bring in former Executive Director Bob Stalnaker from Alaska.
Stalnaker resigned in 1999, due to personal reasons. Joe Connarton is
the current executive director.
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