Articles about Retirement Boards 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%
House, Senate Discussing Vaccine Requirements for Their Employees
Katie Lannan, State House News Service
AUG. 19, 2021: About 42,000 state employees will need to be fully vaccinated against COVID-19 or have secured a medical or religious exemption by Oct. 17, or face the risk of consequences including losing their jobs, under an executive order Gov. Charlie Baker signed Thursday.
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.
Guv: Weekday Operation Will Be "Huge Help"
Chris Lisinski, State House News Service
FEB. 5, 2021.....More than a week after Gov. Charlie Baker first directed adults 75 and older to start booking COVID-19 vaccine appointments through an online-only platform, a state-run call center aimed at helping seniors who struggle to access or navigate the website is now live.
Former Head of Teachers’ Retirement Board
MAY 28, 2020: It is with heavy hearts that we report the passing of Joan Schloss DeLena, who died on May 22nd from a lung disorder related to her prolonged fight with cancer. Joan had served as a member of the Mass Retirees Executive Board since September of 2015.
Well Prepared to Weather Storm
APRIL 24, 2020: Learning from the 2008 Financial Collapse and Great Recession that followed, Massachusetts’ 104 public pension systems are financially stable and secure. Not a single system in the Commonwealth is in financial hardship or stands in danger of not being able to meet pension obligations to retirees.
Managers Overseeing $70.7 Billion Fund From Homes
Colin A. Young, State House News Service
BOSTON, APRIL 22, 2020.....The state pension fund is confident that, despite the volatility that has rocked financial markets over the last six weeks or so, it will have no problem paying out roughly $1.3 billion for pension benefits this year.
Final Approval by Governor Expected Soon
APRIL 3, 2020: Late Thursday, the Legislature passed special legislation that waives the legal limit on public retirees working in government jobs here in Massachusetts. Governor Charlie Baker is expected to sign this special act as soon as today, which will waive both the hour and earnings limits for superannuation retirees in 2020.
MARCH 25, 2019: This week, retired and active state employees began to receive ballots to cast a vote to elect your representative to the state's Pension Reserves Investment Management (PRIM) Board. Mass Retirees Executive Vice President Paul Shanley is the current elected member and is seeking reelection as your representative. Our Association has endorsed Paul and fully supports his reelection to this very important position.
Dear Members,
I hope you and your loved ones are safe and enduring this difficult time as best as you can. Here at Mass Retirees, our staff is doing as well as can be expected. We are still working on your behalf, albeit remotely. If you need us, please call or email.
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.
