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Latest METHUEN Stories

2008-07-31 12:00:50

By Edward Mason, The Eagle-Tribune, North Andover, Mass. Jul. 31--BOSTON -- A standoff between state pension officials and the Methuen Retirement Board is over, as the city's retirement board narrowly agreed to succumb to state demands that it liquidate its $80 million investment portfolio. The board voted 3-2 to comply with a 2007 state law that requires underperforming local retirement boards to hand over their assets to the $52 billion state fund overseen by the Pension Reserves...


Word of the Day
omphalos
  • The navel or umbilicus.
  • In Greek archaeology: A central boss, as on a shield, a bowl, etc.
  • A sacred stone in the temple of Apollo at Delphi, believed by the Greeks to mark the 'navel' or exact center-point of the earth.
'Omphalos' comes from the ancient Greek.
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