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Cawley Wins State Board Election |
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MAY 2003
- Torch Passed From Angelo Amato - Bob Cawley of West Roxbury has won a three-year term as an elected
member on the State Retirement Board. The seat Cawley takes over had
been held by Angelo Amato for thirty-three years. Ralph White holds the
other elected seat.
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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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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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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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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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| Results 51 - 62 of 62 |
Politics 
