A recent report from the Pew Center on the States shows that the Massachusetts state pension system is only 68% funded. The Government Accountability Office recommends that funding levels be at a minimum of 80%. The report shows how deeply the recession has hit all the states; the average level of funding for state pension systems is down 6% since 2008.

Oddly enough, the only state that has a surplus in pension funding is New York. If New York can do it, we can do it, right? Let's keep the promises we make to our retirees. Massachusetts needs pension reform!
 


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