Massachusetts State Treasurer
Deferred Compensation Merry-Go-Round Rip-off
- 04-25-2001
- 5
About 12 years ago Massachusetts employees were given optional retirement from the Massachusetts Treasurers office. First we were given to a company called Pepsco. Than we were given to a company called Copeland. Than we were given to a company called Aetna.
Massachusetts employees volunterily give money to this company. We are not told why they are changing these companies. Not too long ago there was a major bust in the treasurers office for a variety of things.
Millions upon millions of dollars were stolen from there. We are not allowed to withdraw our money from this fund unless its an emergancy.
My question is, that was agreed upon with the first company, not the second and third one. We have lost millions of dollars from these funds and there is nothing we can do about it.
Company: Massachusetts State Treasurer
Country: USA
State: Massachusetts
City: Boston