UMass retirees top the state’s $5.44 billion pension system, with the university’s former President William “Billy” Bulger set to pocket nearly $272,000 this year, records say.
Mississippi’s defined benefit pension system’s investments took a massive hit from recession associated with the COVID-19 pandemic, according to a quarterly investment report through March 31.
Investors are bracing for more defaults and disruptions in emerging markets after Argentina’s deal with creditors highlighted the pandemic’s stress on many developing economies.