Springfield pension fund

Cost-of-living adjustment will add $7 million to the city's staggering pension fund liability

Proposal was floated as a way to reduce a large unfunded liability in the retirement system

The plan to sell $755 million in pension obligation bonds is not without risk, said the city comptroller.

Springfield has the most underfunded employee pension plan in Massachusetts

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…

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…

Officials in Springfield, Massachusetts have taken steps to shore up the city’s severely underfunded municipal employee pension fund. The city has…

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…

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…