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Investing In Massachusetts

A Winner For State and Pension Fund

MAY 2006 - Under State Treasurer Tim Cahill, the Commonwealth's $41 billion Pension Reserves Investment Management (PRIM) Board has instituted a successful economically targeted investment (ETI) program. Its purpose is to invest money in Massachusetts that will boost the state's economy and employment while at the same time produce a market rate of investment return for the pension fund (PRIT Fund).

Turnpike Authority Retirement Board

Fully-Funded At Its Creation

MAY 2006 - When the first shovel full of dirt was moved on January 24, 1955, few could fully realize the impact the Turnpike Authority would have on travel across the Commonwealth.

Pension Investments On A Roll

'05 Was Another Winning Year For Fund

MARCH 2006 - For the third straight year, the Commonwealth's pension investment fund has been a big winner. With a Year 2005 investment return of 12.69%, the fund has again exceeded its benchmark of 8.25% and grown in value to $40.2 billion at year's end - up from $36 billion at the end of 2004.

State Property Tax Relief: New Developments

Circuit Breaker Expands Coverage

MARCH 2006 - With rising - and as some say, inflated - real estate values, members have found it more difficult to qualify for the state's property tax relief program, known as the "circuit breaker." Because of a recent change in that law, you may want to take another look and see if you are now entitled to relief.