I-Team: Audit of Hampden County Retirement Board questions spending

I-Team

CHICOPEE (WWLP)–The State has audited the retirement board that controls the pensions of thousands of municipal employees throughout Hampden County.

Hampden County Retirement Board (HCRB) controls millions of dollars in pensions for five thousand current and former municipal employees.

The Public Employee Retirement Administration Commission (PERAC) oversees the retirement system, and audited the HCRB’s records from 2014 through 2017. Last month PERAC released their findings, listing multiple financial inconsistencies.

The 22News I-Team reviewed the audit report and contacted members of the HCRB to get their response. Watch 22News I-Team reporter Taylor Knight’s investigation into the HCRB audit Wednesday night on 22News at 6pm.

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