Shannon O'Brien on Social Security

Former State Treasurer; Democratic Challenger MA Governor

Swift’s pension plan would cost an extra $8 billion

O’Brien said recently that Swift’s pension plan would cost the state an extra $8 billion. Swift’s finance secretary questioned whether the $8 billion hit factored in the $4.4 billion the state pension fund has lost in the last year under O’Brien’s stewardship.
Source: Boston Globe, “Numbers Game” Dec 16, 2001

Created “On the Money” web site for retirement planning

As State Treasurer, I have had the opportunity to talk to many people about what matters most to them. Even in a strong economy, they are worried about their future. They are worried about making their money last in retirement, credit card debt, sending their children to college, and caring for elderly parents.

In response to these concerns and the overwhelming number of requests I receive for personal financial education, my office has created On the Money, a quarterly online newsletter that provides common sense money management tips from financial experts.

On the Money offers the necessary tools and resources to assist you in meeting your financial goals and planning for a more secure retirement. My hope is that this information will motivate you to take control of their financial future, whether you are just beginning the financial planning process or are building on your current plan.

Source: Official State Treasury web site, state.ma.us/treasury/ Dec 9, 2001

State pension fund should be self-funded by employees

The Treasurer expressed her concern over the State’s pension fund, which had been paid down during the current administration. The goal is to have it be self-funded by employee contributions and interest on the fund, but this, she cautioned, will be difficult since the Question 4 tax cut passed in November. She emphasized that the State must exercise fiscal discipline each year. She called for long-term leadership on making decisions further along than the next two- or four-year election cycle.
Source: Report on Cambridge Chamber of Commerce speech Jan 18, 2001

Other governors on Social Security: Shannon O'Brien on other issues:
AK Frank Murkowski
AL Bob Riley
AR Mike Huckabee
AZ Janet Napolitano
CA Arnold Schwarzenegger
CO Bill Owens
CT Jodi Rell
DE Ruth Ann Minner
FL Jeb Bush
GA Sonny Perdue
HI Linda Lingle
IA Tom Vilsack
ID Dirk Kempthorne
IL Rod Blagojevich
IN Mitch Daniels
KS Kathleen Sebelius
KY Ernie Fletcher
LA Kathleen Blanco
MA Mitt Romney
MD Bob Ehrlich
ME John Baldacci
MI Jennifer Granholm
MN Tim Pawlenty
MO Matt Blunt
MS Haley Barbour
MT Brian Schweitzer
NC Mike Easley
ND John Hoeven
NE Dave Heineman
NH John Lynch
NJ Jon Corzine
NM Bill Richardson
NV Kenny Guinn
NY George Pataki
OH Bob Taft
OK Brad Henry
OR Ted Kulongoski
PA Ed Rendell
RI Don Carcieri
SC Mark Sanford
SD Mike Rounds
TN Phil Bredesen
TX Rick Perry
UT Jon Huntsman
VA Tim Kaine
VT Jim Douglas
WA Christine Gregoire
WI Jim Doyle
WV Joe Manchin III
WY Dave Freudenthal
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