From the Media

PEABODY FIREFIGHTER HONORED POSTHUMOUSLY

PEABODY FIREFIGHTER HONORED POSTHUMOUSLY

BY ANNE MARIE TOBIN, Lynn Item

NOVEMBER 19, 2021: PEABODY — There were plenty of smiles to go around Wednesday morning at the Fire Department headquarters on Lowell Street as Joseph P. DiFranco, one of Peabody’s most beloved and respected firefighters, was honored posthumously with the Professional Fire Fighters of Massachusetts (PFFM) Joseph J. Cantalupa Lifetime Service Award. 

DiFranco’s wife, Marie, accepted the award on behalf of “Big Joe” from PFFM President Richard MacKinnon Jr.

Mass. lawmakers relax decades-old rule to allow public retirees to work more while getting pensions

Mass. lawmakers relax decades-old rule to allow public retirees to work more while getting pensions

By Matt Stout, Globe Staff

Massachusetts legislators in recent weeks have loosened 40-year-old limits on how many hours government retirees can work for a public agency each year while still collecting their taxpayer-funded pension, realizing a change long sought by former employees but derided by critics as too generous.

Baker Mandates Vaccination for Executive Branch State Workers

Baker Mandates Vaccination for Executive Branch State Workers

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.

State Pension Fund Sets New Investment Return Record

State Pension Fund Sets New Investment Return Record

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.

Bill Gives Veterans More Runway To Buy Pension Credits

Bill Gives Veterans More Runway To Buy Pension Credits

Katie Lannan, State House News Service

JULY 28, 2021.....A pair of harbormasters and Coast Guard veterans on Wednesday asked lawmakers to approve a bill they said would make things easier on veterans adjusting to civilian life and new government careers.

MassPRIM embraces diverse FUTURE

MassPRIM embraces diverse FUTURE

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%.

Another year, another step toward ditching the WEP?

Another year, another step toward ditching the WEP?

By Nicole Ogrysko @nogryskoWFED

April 5, 2021 

Occasionally, I’ll get an email or a question from a federal retiree about the Windfall Elimination Provision.

The WEP is so complex, but the questions surrounding it are usually the same. What’s the status of legislation to ditch it, or at least bring some relief to the 3% of Social Security beneficiaries who have to deal with it?

2021 Medicare Part B Premiums Remain Steady

November 6, 2020: Today, the Centers for Medicare & Medicaid Services (CMS) announced the 2021 monthly Medicare Parts A and B premiums, deductibles, and coinsurance amounts in which the Medicare Part B monthly premium remains steady.