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Cost-of-living adjustment will add $7 million to the city's staggering pension fund liability
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Proposal was floated as a way to reduce a large unfunded liability in the retirement system
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The plan to sell $755 million in pension obligation bonds is not without risk, said the city comptroller.
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Springfield has the most underfunded employee pension plan in Massachusetts
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More money is being put into the retirement system for public employees in the third-largest city in Massachusetts. But it will barely make a dent in what…
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With five weeks left before the start of a new fiscal year in the largest city in western Massachusetts, public hearings have been scheduled to dive deep…
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Officials in Springfield, Massachusetts have taken steps to shore up the city’s severely underfunded municipal employee pension fund. The city has…
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Almost a month before the start of the new fiscal year, the city of Springfield, Massachusetts has a new budget in place. The city will be hiring more…
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Red flags have been raised about the pension fund for public employees in the third-largest city in Massachusetts. The state agency that monitors and…