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Massachusetts City of Athol, in a First, Will Disband Its Pension Board
The Boston Globe Link to more items from this source
Nov. 6, 2014
"All of that prompted this decision by the pension board to be the first local fund in Massachusetts to give up independent authority. It's a move that required an act of the Legislature and the governor's signature, which came through Friday. The measure is expected to save money for the Athol system and relieve it of the pressures facing dozens of small-town pension funds across the Commonwealth.... Only three of 105 state and municipal pension funds in Massachusetts are smaller than Athol's, with its $22 million in assets. But there are 38 funds across the state that oversee less than $100 million each[.]"

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