5
Middlesex Avenue, Suite 304
Somerville, MA 02145 |
Telephone:
(617) 666-4446
Fax: (617) 628-4002
TTY: (617) 591-8917
Fraud Hot Line:
(800) 445 - 3266
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CHAPTER 21 OF THE ACTS OF 2009,
PENSION REFORM - FAQ's (PDF) |
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| On June 16, 2009 Governor Deval Patrick signed Chapter 21 of the Acts of 2009, An Act Providing Responsible Reforms in the Pension Systems. Click on the above title to access the FAQ's. |
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2008 INVESTMENT RETURNS FOR THE STATE AND
LOCAL RETIREMENT SYSTEMS (PDF) |
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PERAC is pleased to release the 2008 Investment Report detailing the investment performance of the Massachusetts public pension systems for the year 2008. Returns for five years, ten years, and since inception are included. Funded ratio information provided to PERAC as of April 1, 2009 is outlined as well. In accordance with Chapter 68 of the Acts of 2007, PERAC has completed an analysis of system funded status and investment performance. Applying the tests set forth in that statute, PERAC has determined that no retirement board will be ordered to transfer its assets to the Pension Reserves Investment Trust Fund (PRIT) based on 2008 results.
The Commission believes that disseminating this material at the earliest possible time will assist in the objective, impartial, and accurate assessment of the performance of the pension systems. |
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| STATE OF THE PENSION SYSTEM 2009 |
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The purpose of this report is to provide an overview of the public pension systems in Massachusetts, particularly in relation to the funding, investment, and benefit structure under which those systems operate. Perhaps most importantly at the outset we have attempted to place the impact of the investment experience in 2008 in context and to set forth the condition of the systems as that year began, as well as to estimate the state of the systems in the wake of that unprecedented calamity. The final sections of the report are devoted to addressing some of the myths that persist with respect to the level of benefits and financing of Massachusetts retirement systems. It is our hope that this report will provide a dispassionate and sober basis for policy makers, interested observers, and the public as the issue of public pension reform is discussed in the weeks and months ahead. |
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| SUPERANNUATION RETIREMENT PENSION CALCULATOR |
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| INVESTMENT BEST PRACTICES MANUAL |
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| The
Public Employee Retirement Administration Commission
(PERAC) was created for and is dedicated to the oversight,
guidance, monitoring, and regulation of the Massachusetts
Public Pension Systems. The professional, prudent, and
efficient administration of these systems is the public
trust of PERAC and each of the 106 public pension systems
for the mutual benefit of the public employees, public
employers, and citizens of Massachusetts. The stewardship
of the Trust Funds for the sole purpose of providing
the benefits guaranteed to the public employees qualifying
under the plans is the fulfillment of the obligation
of the people of the Commonwealth to those who have
dedicated their professional careers to the service
of the people of the Commonwealth. |
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