Updated
Updated · The Patriot Ledger · Apr 21
Michael Sacco abuses public funds as Worcester Regional Retirement System CEO, Inspector General finds
Updated
Updated · The Patriot Ledger · Apr 21

Michael Sacco abuses public funds as Worcester Regional Retirement System CEO, Inspector General finds

5 articles · Updated · The Patriot Ledger · Apr 21
  • The Inspector General’s report details that Sacco spent hundreds of hours on private clients during business hours between 2019 and 2023, neglecting duties at the 14,000-member Worcester Regional Retirement System.
  • Sacco failed to disclose the investigation in recent contract proposals, including one to the Quincy Retirement Board, where he currently provides legal services and is seeking another contract.
  • Sacco’s private firm billed nearly $1 million to outside clients while he was CEO; he disputes the report’s findings, claiming cost savings for the retirement system and denying wrongdoing.
How can a top official neglect duties for years without the retirement system's board noticing?
Did this public CEO's private law practice actually save taxpayers $1.1 million, as he claims?
After this scandal, what changes are needed to ensure public retirement funds are properly managed?
If the State Ethics Commission cleared him, why does the Inspector General's report allege serious misconduct?
Why is a lawyer accused of 'double dipping' still in the running for a new public contract in Quincy?