Wakefield council addresses city's pension fund

 

February 13, 2021



By P.J. GLISSON

[email protected]

WAKEFIELD — The Wakefield City Council voted Monday evening to authorize the city to submit a waiver to the state regarding the city’s status in the Municipal Employees’ Retirement System.

The action was at the recommendation of both City Treasurer Mandy Lake and City Manager Robert Brown, Jr.

“Unless you apply for a waiver within 45 days and your application is granted, your local government will receive a determination of underfunded status,” stated a Jan. 28 letter to Lake signed by the Community Engagement and Finance Division of the st...



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