About PRIM
The Pension Reserves Investment Management ("PRIM") Board is charged with the general supervision of the PRIT Fund. The Pension Reserves Investment Trust (“PRIT”) Fund was created through legislation, Chapter 661 of the Acts of 1983, to accumulate assets through investment earnings and other revenue sources in order to reduce the Commonwealth’s significant unfunded pension liability, and to assist local participating retirement systems in meeting their future pension obligations.
More About PRIT
The PRIT Fund is a pooled investment fund that invests the assets of the Massachusetts Teachers’ and State Employees’ Systems, and the assets of county, authority, district, and municipal retirement systems that choose to invest in the Fund. The nine-member PRIM Board acts as trustee for each retirement system that invests in the PRIT Fund.
PRIM’s mission is to maximize the return on investment within acceptable levels of risk by broadly diversifying its investment portfolio, capitalizing on economies of scale to achieve cost-effective operations, and providing access to high quality, innovative investment management firms, all under the management of a professional staff and members of the Board.
