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Audit of the Massachusetts State Retirement Board


Executive Summary
The Massachusetts State Employees’ Retirement System (MSERS), one of the Commonwealth’s 104 contributory retirement systems, provides retirement, disability, survivor, and death benefits to state employees, employees of certain other public entities, and their beneficiaries. MSERS is administered by the Massachusetts State Retirement Board (MSRB) and operates under the purview of the Office of the State Treasurer and Receiver General. In fiscal year 2019, MSRB issued more than $2.3 billion in benefit payments to more than 64,000 retirees and survivors.
In accordance with Section 12 of Chapter 11 of the Massachusetts General Laws, the Office of the State Auditor has conducted a performance audit of MSRB for the period July 1, 2017 through June 30, 2019. The purpose of our audit was to determine whether MSRB ensured that members received their first pension payments within the timeframe established by Section 13(1)(b) of Chapter 32 of the General Law ....

United States , Office Of The State Auditor , Office Of The , Public Employee Retirement Administration Commission , Massachusetts State Employee Retirement System , Massachusetts State Retirement Board , State Treasurer , Massachusetts General Laws , State Auditor , Benefit Verification Forms , Salary Request , Release Forms , ஒன்றுபட்டது மாநிலங்களில் , அலுவலகம் ஆஃப் தி நிலை தணிக்கையாளர் , அலுவலகம் ஆஃப் தி , மாசசூசெட்ஸ் நிலை ஊழியர் ஓய்வு அமைப்பு , மாசசூசெட்ஸ் நிலை ஓய்வு பலகை , நிலை பொருளாளர் , மாசசூசெட்ஸ் ஜநரல் சட்டங்கள் , நிலை தணிக்கையாளர் , நன்மை சரிபார்ப்பு வடிவங்கள் , சம்பளம் கோரிக்கை , வெளியீடு வடிவங்கள் ,

Why Some Local Officials Want To Divest From Fossil Fuels


Protesters gathered at the Usdan Student Center at Brandeis University in February and called on the school to divest from fossil fuels. Popular on college campuses, the divestment movement is gaining support among municipal officials in Massachusetts. (Robin Lubbock/WBUR)
The town of Ashland aims to be carbon neutral by 2040 and is fighting Eversource Energy s plan to leave a decommissioned gas pipeline in the ground  efforts that demonstrate the community s commitment to environmentalism.
But, in a twist, the fortunes of the town s public employees remain tied to the profitability of fossil fuel companies in their pension fund.
Now, Ashland Town Manager Michael Herbert is among more than 80 officials, representing roughly three dozen municipalities, who are pressing the state Legislature to pass a local-option bill that would free them to divest from firms in the business of non-renewable energy. ....

Michael Herbert , Massdivest Coalition , Eversource Energy , Public Employee Retirement Administration Commission , Ashland Town Manager Michael Herbert , Randi Mail , Somerville Retirement Board , Town Councilor Caroline Bays , மைக்கேல் ஹெர்பர்ட் , ஏவேர்சௌூறசெ ஆற்றல் , ஆஷ்லேண்ட் நகரம் மேலாளர் மைக்கேல் ஹெர்பர்ட் , ராண்டி அஞ்சல் , ஸாமர்‌வில் ஓய்வு பலகை , நகரம் கவுன்சிலர் கரோலின் விரிகுடாக்கள் ,

Woburn's unfunded pension system costs to surpass $11M

Woburn's unfunded pension system costs to surpass $11M
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John Parsons , Scott Galvin , City Council , Public Employee Retirement Administration Commission , Retirement Board , Mayor Scott Galvin , ஜான் பார்சன்கள் , ஸ்காட் கால்வின் , நகரம் சபை , ஓய்வு பலகை , மேயர் ஸ்காட் கால்வின் ,