Politics

Articles about Politics that may be useful to Massachusetts retirees.

Judge Approves Detroit Pension Cuts

Situation In Mass. Vastly Different

DECEMBER 4, 2013: A federal bankruptcy judge has granted approval for the City of Detroit to move forward with its bankruptcy protection plan – a plan that will include cuts to the pensions of existing city retirees and future benefits of active employees.

HEALTH EXCHANGE KICKOFF: No Impact On Current Insurance Plans

OCTOBER 1, 2013: Today marks the nationwide kickoff of the new health insurance exchanges, the main component of the federal Affordable Care Act (ACA), commonly called Obamacare. Between now and December 15, individuals can sign up for one of the health insurance plans being offered through their state’s exchange, with insurance coverage

BERKSHIRE AREA MEETING REMINDER

SEPTEMBER 18, 2013: The Association will be in Pittsfield, MA this Friday for our annual Berkshire Area Meeting, held once again at the Crowne Plaza Hotel.

As is typically the case with all Association events, the meeting begins at 1:00 PM and runs until approximately 3:00. Association officials will be on hand to answer member's questions, as well as to provide an update on the latest retirement news. Attendance prizes will be drawn at the close of the meeting.

BERKSHIRE AREA MEETING REMINDER

SEPTEMBER 18, 2013: The Association will be in Pittsfield, MA this Friday for our annual Berkshire Area Meeting, held once again at the Crowne Plaza Hotel.

As is typically the case with all Association events, the meeting begins at 1:00 PM and runs until approximately 3:00. Association officials will be on hand to answer member's questions, as well as to provide an update on the latest retirement news. Attendance prizes will be drawn at the close of the meeting.

MACRS EXECUTIVE BOARD VOTES TO OPPOSE DIVESTITURE OF FOSSIL FUEL IN PENSION FUNDS

MACRS EXECUTIVE BOARD VOTES TO OPPOSE DIVESTITURE OF FOSSIL FUEL IN PENSION FUNDS

SEPTEMBER 13, 2013: Yesterday, the 18-member Executive Board of the Mass. Association of Contributory Retirement Systems (MACRS) unanimously voted to oppose legislation that would require the State’s Pension Fund Board (PRIM Board) to divest all holdings in the Fund, which include fossil fuel such as oil, gas and coal.

HAVERHILL CITY COUNCIL TABLES COLA BASE VOTE

Base Increase Opposed By Mayor Fiorentini

SEPTEMBER 11, 2013: Last night, the Haverhill City Council tabled a request by the Haverhill Retirement Board that would have raised the cost-of-living base for its retirees.

The initiative, voted 3-2 by the Retirement Board, would have increased the base amount, which is currently $12,000, by $1,000 per year for each of the next three years, capping at $15,000 in 2016.

ASSOCIATION ELECTS NEW PRESIDENT

ASSOCIATION ELECTS NEW PRESIDENT

Frank Valeri To Take Reins In December

SEPTEMBER 10, 2013: Beginning this December, our Association will have a new President.

In something of a surprise to many members, at last Friday’s Annual Meeting and biannual election, President Ralph White announced that he was not seeking election for a new two-year term.

STATE BOARD ELECTION UNDERWAY

White is Candidate

SEPTEMBER 9, 2013: Although no longer President of the Association, Ralph White will remain active in the public retirement arena.

His first chore is to win reelection to the State Board of Retirement for a new three-year term beginning in January. The election is now underway.

ASSOCIATION BILLS ADVANCE

H59 Retiree Insurance Reform Eyed For Fall

SEPTEMBER 2013 VOICE: The Joint Committee on Public Service has favorably released a key bill of particular importance to public retirees.

Under the direction of Co-Chairmen, Senator Will Brownsberger and Rep. Aaron Michlewitz, the Committee unanimously advanced legislation aimed at correcting Option B & C pensions for pre-July 2004 retirees (H2354). Also, among the bills heard by Public Service, is our legislation which increases basic state life insurance benefits from $5,000 to $10,000 (H2288).

SENATE BUDGET INCLUDES 3% STATE & TEACHERS’ COLA

GIC Contribution Percent Intact For State Retirees

May 24, 2013: There are no unwelcome surprises for retirees and survivors in the Senate version of the FY’14 State Budget, approved Thursday night. In fact, the $34 Billion package includes some good news for retired state employees and teachers.