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The Boston Globe


Public pension funds in Mass. get failing grades

Eighty out of 105 Massachusetts retirement authorities received a failing grade for their progress in covering billions of dollars in future pension obligations, according to a new database of public pension performance. Only one earned an A.

The rankings show that nearly one-third of the state’s towns, cities, and other public retirement boards are less than 60 percent funded — a level the authors at the Pioneer Institute in Boston consider poor. At the bottom of the pack are Springfield, Everett, and Lawrence, which have faced financial struggles and count a large numbers of retirees.

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