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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| 2009 EMERGING ISSUE FORUM: PENSION REFORM |
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PERAC held its fifth Emerging Issues Forum at the College of the Holy Cross in Worcester on September 9, 2009 for members and administrators of the 106 public employee retirement boards in the Commonwealth. Links to slide shows and related materials which were presented at the Forum are posted below: |
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Overview of Chapter 21 of the Acts of 2009 & the Proposed Regulations (PDF)
Pension Reform: Joint Committee on Public Service (PDF)
Comments and Recommendations of the PERAC Actuarial Advisory Committee (July 23, 2009) (PDF) |
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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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| 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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