Parsons told the newspaper that when the commission learned in May 2021 that the theft was not disclosed as part of the bond request, it contacted the board who amended its disclosure the next day. The theft was not initially disclosed as part of a request from Quincy Mayor Thomas Koch to approve more than $450 million in bonds to fund the city’s pension plan. It is prohibited from entering into new investments until the commission’s investigation is complete, the newspaper reported. The five-member board and four staff members manage hundreds of millions of dollars in the city’s pension fund. QUINCY A city councilor is accusing a colleague and the mayor's administration of 'unscrupulous' politics surrounding.
See how a retirement plan works and learn about the power you have to control your financial future. QUINCY City councilors are still weighing the pros and cons of the mayor's plan to fully fund Quincy's pension system with a 475 million bond, and uncertainty surrounding their. Last-minute vote by councilor saves 475 million pension bond in Quincy. McBirney sent an email to People's United. Quincy Retirement Board Executive Director Lisa McBirney announced in late 2020 she would leave her job at the end of that year. In the place known as the 'City of Presidents,' a monumental and costly mistake occurred, a cyber-hack in February 2021 targeting the Quincy Retirement Board that went undetected for months is now. Used effectively, it can deliver a long-term impact on your financial well-being. QUINCY The city's information technology department, retirement board and an investment manager for Aberdeen Standard Investments have all been blamed following. The Quincy Retirement Board reported in its 2021 annual report that it had 1,546 active members, 1,521 retired members and assets of about 918.6 million, according to PERAC. 72-3 Retirement within 30 days of salary increase. The email hack and the fraudulent transfer were not immediately reported to public, the newspaper reported. Call 1-88 Email us A retirement plan may be one of the most valuable benefits of employment. 72-2 Overtime pay for certain City employees excluded positions. John Parsons, executive director of the commission, said that its investigation would take several more months and that it would issue a public report when it is complete. Get New England news, weather forecasts and entertainment stories to your inbox.
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