Investments

Articles about Investments that may be useful to Massachusetts retirees.

Cellucci Makes Pension Board Appointment

NOVEMBER 1998 - Police Association Gains Key Seat - Acting
Governor Paul Cellucci has appointed Fall River police officer Jim
Machado to a seat on the nine-member Pension Reserves Investment
Management (PRIM) Board.

City Adopts Innovative Funding Plan

SEPTEMBER 1998 - Worcester To Issue Pension Obligation Bonds - Ten
years ago, a new pension law, with far-reaching impact, took effect
that permitted local retirement systems to establish a 40-year funding
schedule in order to pay off their unfunded pension liabilities
(Section 22D of Chapter 32). Now 10 years later, another new law has
taken effect that could have as significant an impact on how local
systems pay off these liabilities.

NATION

MARCH 1998 -
CONTINUE TO SHOW STRONG EARNINGS GAIN - Assets
of the nation’s 50 largest public pension systems have continued to
grow at a staggering rate. In the year ending last September 30, the
funds’ value climbed by 20.6% over the previous year.