Thursday, July 27, 2006
How has your community's retirement board been doing in investing pension funds?
Globe West reports today that among 37 area communities, a number of boards have performed far above -- and a number also are far below -- statewide averages for their returns on investments.
Some of the worst? Near the bottom statewide over the last five years were Natick at 2.26 percent and the Worcester Regional Retirement Board, which covers public employees in Berlin, Bolton, Boylston, Northborough, Southborough, Upton, and Westborough, at 3.15 percent.
Since 1985, Maynard had the least success among area communities, falling into the bottom one-sixth in the state with a 9.09 percent annual return rate. Natick, Watertown, Worcester Regional, and Marlborough were also in the bottom third statewide.