Search

Former WRRS CEO Michael Sacco Abused Public Funds

The Massachusetts Office of the Inspector General released an investigation finding that former Worcester Regional Retirement System (WRRS) CEO Michael Sacco expanded his private law practice while being paid a full-time public salary. The OIG found that Sacco only worked 20 to 30 hours per week for WRRS while attending 350 outside board meetings, court hearings, and other engagements on behalf of private clients during WRRS business hours, without using leave time. The OIG made 28 recommendations, including that the WRRS Board pursue recovery of funds for allegedly unused vacation time and that the Legislature prevent passage of House Bill 2931 which would exempt Sacco from post-retiree earnings caps.