The Quincy Animal Shelter on Broad Street will move to make way for a proposed public safety complex. A plan to build a new $7.1 million shelter circulated several years ago, but only half of that money was ever approved by city councilors and no new plan has been brought before them. The shelter is in a small building on Broad Street that is scheduled to be torn down to make way for a new police station. Little progress has been made on efforts to rebuild the Quincy Animal Shelter that have been in the works since 2017. "If we are going to have a conversation about the retirement system in general, we should probably broaden the conversation to include whether or not the city pensioners would be better served in investing their retirement funds in the state-governed system, rather than the local-governed system," Palmucci said. Roughly $450 million borrowed by the city last year to fully fund Quincy's pension system is under the management of PRIM. Palmucci also asked the board to come prepared to discuss whether it would make sense to move money managed by the Quincy Retirement Board into the management of PRIM, state Pension Reserves Investment Management Board. Quincy: Hackers broke into city servers, demanded money in exchange for data 11: Quincy city pension investment manager lost $3.5 million in an email phishing scam The Quincy board didn't discover the fraud until eight months later.įeb. The email included instructions for a $3.5 million wire transfer, which the manager made in February 2021. The Quincy Retirement Board is under investigation by the Public Employee Retirement Administration Commission after one of the board's investment managers received an email from a former employee's board email account, which had been hacked.
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