November 17, 2011
Massachusetts: Governor Patrick Signs Pension Reform Legislation; Saving MA $5 Billion
Governor Deval Patrick today signed comprehensive pension reform legislation, continuing the Patrick-Murray Administration’s efforts to end abuses and close loopholes to create a sustainable public pension system. The bill signed today, S. 2065, “An Act Providing For Pension Reform and Benefit Modernization”, builds on legislation signed during the Governor’s first term that eliminated the most egregious abuses in the public retirement system.
“We are committed to finding additional ways to eliminate costs in state government and end abuses within the system,” said Governor Patrick. “I’m proud to sign this third phase of comprehensive pension reform legislation that will improve the public’s trust in government and ensure the pension system’s economic sustainability for future generations...”
LINK - NewEnglandPost.com
