Labor & Economic News Blog
Tuesday, March 13, 2007
Assets of 35 pension systems are targeted in Massachusetts
Assets of 35 pension systems are targetedBy Ross Kerber and Matt Carroll, Globe Staff
The assets of 35 pension systems, including those of Plymouth County, the Essex Regional Retirement Board, Newton, and Andover, would come under the control of a state trust in a proposal by the Patrick administration to boost returns, improve pension management, and provide fiscal relief to cities and towns, according to a new analysis prepared by the state retirement commission.
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