Two Major Retirement Funds Plagued by Instability

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(SUNfoto by Lou Mattei) Public Employees Retirement Association Director Terry Slattery (standing) said the Association, a retirement fund for tens of thousands of county, city and law enforcement employees in the state, currently has enough assets to fund about 83 percent of its promised pensions.

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By Lou Mattei
Reading time: 7 min.

    Though new legislation that went into effect July 1 affects only the Public Employees Retirement Association, both of the state’s major retirement funds, the Association and the state Educational Retirement Board, have been plagued by financial instability in recent…

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