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. "
No comments:
Post a Comment