Andover Among Towns With 'Risky' Pension Investment Strategy: Study
ANDOVER, MA — A new study examines the risks with using bonds to fund pension systems, as is the case in three Massachusetts municipalities. Andover, Brockton, and Quincy all use pension obligation bonds (POBs) to top up their pension plans. Typically, towns and cities must either raise taxes or reduce benefits to retirees to fully …
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