US - The Massachusetts General Court has rebuffed the proposal by the Public Employee Retirement Administration Commission (PERAC), the pensions watchdog, to strengthen its oversight over the 106 retirement systems in the state.
The commission first spoke of the need for a review of its duties in 2004 and has since drawn up a pension reform legislative proposal. The formal court session for 2005-2006 ended without PERAC's...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
