Articles about Investments that may be useful to Massachusetts retirees.
MARCH 2012 VOICE: Year 2011 was not a good year for the $47.1 billion Commonwealth’s Pension Reserves Investment Trust (PRIT) Fund.
After strongly recovering from disastrous Year 2008, when the Fund lost -29.50% of its value, followed by earnings of 17.06% in Year 2009 and 13.56% in Year 2010, the Fund was a victim of the worldwide market slump last year. PRIT barely squeaked into the black with a return of 0.15%
By BRIAN CROCE
Pensions & Investments
A group of 11 state treasurers and the comptrollers of Maryland and New York City are calling on House Speaker Kevin McCarthy, R-Calif., "to cooperate in increasing the debt limit of our country in a timely manner," in order to prevent economic chaos.
Supports Moves by Treasurer Goldberg & Legislature to Act
March 2, 2022: In the wake of Russia’s ongoing invasion of Ukraine, the Mass Retirees Association has joined those calling for full divestment of public pension funds from Russian companies or investments tied to Russia.
February 17, 2022: The state's pension fund has gained $70.6 billion over the past decade, exceeding its targets by $12 billion after posting the fourth largest annual gain in its history in 2021, fund managers reported on Thursday. Pension Reserve Investment Management Executive Director Michael Trotsky has previously shared that the fund, which pays retirement benefits to state employees and teachers, grew by 20.1 percent after fees in 2021, for a gain of $17.4 billion, and closed the year at a record high $104.3 billion.
September 2021 Voice: There is no question that the tremendous investment success of the Commonwealth and local retirement systems should be celebrated. When modern pension funding schedules were implemented in the mid-1980s, no one could have envisioned the high level of asset gains that would come to fruition over the ensuing 36 years.
September 2021 Voice: When the proper funding of our 104 public retirement systems began in 1985, the majority of Massachusetts systems were woefully underfunded. Back then the Commonwealth was the 2nd worst unfunded system in the country – second only to West Virginia!
FY '21 Gains Neared 30 Percent, Pushed Fund to $95.7 Bil
Colin A. Young, State House News Service
AUG. 3, 2021.....Fiscal year 2021 was a record year for the Massachusetts state pension fund, which closed the one-year period ending June 30 with the highest return in its history and invested assets that swelled to a record $95.7 billion.
June 18, 2021 - Weekly News Update: A big benefit of holding Tele-Town Hall meetings is that they enhance our ability to bring important guest speakers to our members on a regular basis.
Massachusetts Pension Reserves Investment Management Board, Boston, unveiled an initiative to substantially increase its allocation to diverse and emerging managers.
The goal of the FUTURE initiative, which was presented to MassPRIM's investment committee meeting Tuesday , is to bring the pension plan's exposure to emerging and diverse managers to at least 20%.
3% State / Teacher COLA Remains Delayed With FY21 Budget
October 7, 2020: State officials held a special Economic Roundtable meeting today focused on the impact of the ongoing COVID-19 pandemic on the Massachusetts economy and tax revenues.
Since 1968 the Retired State, County and Municipal Employees Association has been the leading voice for Massachusetts public retirees and their families. Join with our 52,000 members as we continue the fight.
