June 9, 2014

Pension panel consultant invites ex-mayors, commissioners for cake

To celebrate his 35th year of providing financial advice to the city’s Pension Board, consultant John Beirne has invited the many pension commissioners and mayors he’s worked with to share coffee and cake at the panel’s next meeting.
The Retirement Board session is slated for 5 p.m. Thursday in the City Council chambers at City Hall.
Beirne’s advice helped the city create what may be the best funded public pension plan in the United States, with about $600 million invested to cover payments to current and future retirees from city government work.

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