# Andover Contributory Retirement System

Andover Contributory Retirement System is a Pension Fund based in Andover, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Andover, United States
- **Region:** North America
- **Address:** 36 Bartlet Street 2nd Floor, Andover, MA, United States
- **Founded:** 1937
- **Assets under management:** 372 (Altss estimate)
- **Website:** andovermaretirement.com

## Regulatory record

- **Reports private funds:** No

## About

The Andover Contributory Retirement System was established in 1937. It delivers retirement benefits to employees of the Town of Andover and participating units such as the Andover Housing Authority. The system allocates roughly 65 percent of assets to the PRIT Core Fund. It maintains separate holdings in pooled real estate funds valued at $53.5 million, a fixed income portfolio of $43.4 million, and smaller cash positions. Domestic equity exposure stands at 17.7 percent through index funds managed by RhumbLine Advisers and State Street Global Advisors. Allocations target a 10 percent private equity weight. The board retains Dahab Associates as investment advisor and KMS Actuaries as actuary. It participates in the Massachusetts Association of Contributory Retirement Systems and reports to the Public Employee Retirement Administration Commission. Governance centers on the five-member Retirement Board and direct oversight by the sponsoring municipality.

## Sectors

- Public Pension

## People

- Hayley Green — Chairperson

## Questions

### Who runs investment decisions at Andover Contributory Retirement System?

The five-member Andover Retirement Board sets policy. Hayley Green serves as chairperson. Day-to-day implementation occurs through external advisors Dahab Associates and the PRIM Board.

### How does Andover Contributory Retirement System deploy capital?

The system places the majority of assets in the PRIT Core Fund. It also holds direct allocations to real estate pooled vehicles, domestic equity index funds, and fixed income strategies.

### What is the relationship between Andover Contributory Retirement System and the Town of Andover?

The Town of Andover is the sponsoring employer unit. It established the system in 1937 to provide benefits to municipal employees and their beneficiaries.

### Does Andover Contributory Retirement System make direct investments?

No direct company-level investments appear in current holdings. Capital flows through pooled vehicles including PRIT and third-party real estate and equity funds.

### Which service providers support Andover Contributory Retirement System?

Dahab Associates acts as investment advisor. KMS Actuaries provides actuarial services. Legal counsel is supplied by the Law Office of Michael Sacco.

## Related profiles

- [Yamato Group Pension Plan](https://altss.com/profile/yamato-group-pension-plan)
- [Slifka Asset Management](https://altss.com/profile/slifka-asset-management-slifka-family-office)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/andover-contributory-retirement-system

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology