The 8.25%: PRIT’s long-term actuarial target rate of return

In recent months, Senator Brownsberger has engaged in discussions with government officials regarding the actuarial target rate of return for the Massachusetts Pension Reserves Investment Management Trust fund (PRIT). The PRIT fund is the state’s pension fund, established by the legislature in 1983 to address the state pension system’s unfunded liability. PRIT’s long-term actuarial target […]

Effects of Municipal Health Care Vote

Hi Will … The bill passed recently preventing unions from collective bargaining on health plan design was sold by you and others on the basis that municipal managers needed the flexibility it offered in the face of rising health care costs, that benefits were unusually generous in some towns (e.g. $5 co-pays, very low premium […]