... Mass. schools lacking on carbon monoxide detection ...... DeLeo wants another interim budget, a sign that fiscal 2020 budget accord not likely near ...... Mass. spending down its interim budget with House and Senate Dems locked in a quiet quarrel over annual budget ...... Harness racing, simulcast wagering sites at risk without extension of gaming laws due to expire July 31 ...... Budget impasse causes UMass to postpone decision on fall tuition and fee rates ...... Opponents of NU project in Nahant say it's time for a law overriding the Dover Amendment ...... Central Maine Power opponents say opposition growing in Maine to transmission project ...... Student transportation commission scheduled to meet on July 19 ...... ACLU sues MassDOT, alleges agency failed to respond to its face surveillance public records requests ...... Baker returns Janus bill with amendment designed to protect employee cellphone numbers ...... Transportation emission reductions will be focus of workshops July 18, July 23, July 25 ...
Latest Headlines:
House:
ADJOURNED 'til Thursday at 11 a.m. (informal)
Senate:
ADJOURNED 'til Wednesday at 11 a.m. (no calendar)

STATE PENSION FUND TUMBLED $4.5 BILLION IN FOURTH QUARTER

By Michael P. Norton
STATE HOUSE NEWS SERVICE

BOSTON, FEB. 7, 2019.....The turbulent financial markets of 2018 were a bummer for many investors and the state pension fund did not escape the damage, which amounted to $4.5 billion in the fourth quarter.

Meeting in Boston on Thursday, members of the Pension Reserves Investment Management Board's Investment Committee were briefed on the reasons why the pension fund's balance dropped last year to $69.3 billion. State employees, teachers and many municipal employee retirement funds in Massachusetts are invested through PRIM.

The fund, which is supervised by a nine-member board, has 45 employees and works with professional investment firms, was stung by a dismal fourth quarter that rivaled quarterly losses last seen in 2010 and 2011.


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