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Town should seize opportunity to address unfunded pension deficit

JUNE 3, 2021 | by Peter Vaill | ANDOVER TOWNSMAN (MASSACHUSETTS)

Letter to the editor by Peter Vaill, “I urge your readers to attend Town Meeting on June 5 and vote in favor of Article 7, the Pension Obligation Bond. … State law requires that Andover’s pension plan must be ‘in balance’ by 2040 — now just 19 years away. … We need to fix this situation and we need to do it now. … We can no longer ‘kick the can down the road’ waiting for a more perfect solution. …”

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