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Ex-special needs chief is penalized

Will lose more than $764,000 over 6 1/2 years

By Michael Rezendes

 |  Globe Staff  

  October 26, 2011

John B. Barranco, the embattled former director of a Merrimack Valley agency for special needs children, will forfeit more than $750,000 in pension money over the next six years due to a recent decision by the Massachusetts Teachers Retirement System, which concluded that Barranco exceeded the allowable limit on earnings from a public agency while receiving retirement funds. The 69-year-old Barranco’s annual pension has been pegged at $157,000 since he retired in 2005.

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