Thursday, May 05, 2005

BostonHerald.com - Business: Cahill is letting nonprofits use Mass. system

BostonHerald.com - Business: Cahill is letting nonprofits use Mass. system: "Cahill is letting nonprofits use Mass. system
By Brett Arends
Thursday, May 5, 2005 - Updated: 03:34 AM EST

State Treasurer Tim Cahill took the first step yesterday toward opening up the state's successful retirement system to employees outside state government.

Cahill, speaking to a meeting of the Greater Boston Chamber of Commerce, said he is planning to allow smaller nonprofits to participate in the state's defined-contribution, 401(k)-style program to help them offer more competitive benefits to staff. "

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