|
Shannon O'Brien on Social Security
Former State Treasurer; Democratic Challenger MA Governor
|
Swift’s pension plan would cost an extra $8 billion
O’Brien said recently that Swift’s pension plan would cost the state an extra $8 billion.
Swift’s finance secretary questioned whether the $8 billion hit factored in the $4.4 billion the state pension fund has lost in the last year under O’Brien’s stewardship.
Source: Boston Globe, “Numbers Game”
Dec 16, 2001
Created “On the Money” web site for retirement planning
As State Treasurer, I have had the opportunity to talk to many people about what matters most to them. Even in a strong economy, they are worried about their future. They are worried about making their money last in retirement, credit card debt, sending
their children to college, and caring for elderly parents.In response to these concerns and the overwhelming number of requests I receive for personal financial education, my office has created On the Money, a quarterly online newsletter that provides
common sense money management tips from financial experts.
On the Money offers the necessary tools and resources to assist you in meeting your financial goals and planning for a more secure retirement.
My hope is that this information will motivate you to take control of their financial future, whether you are just beginning the financial planning process or are building on your current plan.
Source: Official State Treasury web site, state.ma.us/treasury/
Dec 9, 2001
State pension fund should be self-funded by employees
The Treasurer expressed her concern over the State’s pension fund, which had been paid down during the current administration. The goal is to have it be self-funded by employee contributions and interest on the fund, but this, she cautioned, will
be difficult since the Question 4 tax cut passed in November. She emphasized that the State must exercise fiscal discipline each year. She called for long-term leadership on making decisions further along than the next two- or four-year election cycle.
Source: Report on Cambridge Chamber of Commerce speech
Jan 18, 2001