Boston’s retirement system is 70.7% funded with an outstanding unfunded liability of $1.5 billion. Overall, Boston’s pension system is comparatively healthy and the City and Retirement Board have taken prudent steps to strengthen the integrity of its financial position. Read more on how the City will sustain this position. Full Report>
During the first year of the Walsh Administration, the number of Boston city-funded employees increased by 134 to 17,116. Of that increase, the School Department accounted for an increase of 125 employees and all other city departments, in aggregate, added nine employees. Full Report>
The number of Boston city-funded employees increased by 809 over the past two years. Over the last year, city-funded positions increased by 450 to 16,982. Payroll reductions in 2009, 2010 and 2011 due to the economic downturn resulted in a net five-year employee decrease of 296. Full Report>
September, 2013 – Charter Seat Growth Should Drive BPS Reform – The Research Bureau released a Special Report focusing on the role of Charter Schools in Boston. The report anticipates that Charter Schools will expand by almost 3,000 students over the next three years.