Massachusetts municipal pension funds are underfunded and mismanaged
Colette Chilton · Collette Chilton – Humility and Loyalty at Williams College (Capital Allocators, EP.174) · Jan 25, 2021 · at 9:02
Colette Chilton reflects on her early career working with Massachusetts state and municipal pension systems.
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“So the pension funds up here are terribly underfunded and mismanaged. Each city and town has its own pension fund, and so the state one started doing well, and so then the towns could invest with the state.”
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