Updated:
Dukes County Contributory Retirement System
Dukes County Contributory Retirement System is a US-based pension fund established in 1940. It invests in equities and serves public employees of Dukes County.
Overview
Dukes County Contributory Retirement System is a US-based pension fund established in 1940. It invests in equities and serves public employees of Dukes County. The fund focuses on private equity investments in the agribusiness sector.
General information
Firm type
Pension Fund
Year founded
1940
Location
Region
North America
Country
United States
City
Vineyard Haven
Corporate office
Vineyard Haven, MA, United States
Principals
Kelly McCracken
Executive Director
Juliet Mulinare
Board Chairperson and Dukes County Treasurer
Sector focus
Frequently asked questions
How does DCCRS allocate its pension assets?
The system employs a hybrid structure dividing assets into two pools. Approximately 52% goes into the PRIT Core Fund managed by the Pension Reserves Investment Management Board, providing diversified exposure across global equities, fixed income, private equity, and real assets. The remaining assets are managed locally, with confirmed holdings in cash equivalents and PRIT's pooled commercial real estate funds. Specific allocations outside PRIT are not publicly disclosed by the local board.
Which public employees does DCCRS cover?
The system covers employees of 15 member units across Dukes County, including the Martha's Vineyard Land Bank, Martha's Vineyard Transit Authority, and the county government itself, along with municipal departments in towns such as Tisbury and Edgartown. Membership is mandatory for eligible public employees under Massachusetts General Law Chapter 32.
Does DCCRS manage any assets directly?
Yes, alongside its PRIT allocation, DCCRS maintains a locally managed portfolio. This sleeve includes cash and cash equivalents held directly, plus participation in PRIT's pooled commercial real estate funds. The local board retains full discretion over this portion, unlike the PRIT allocation where investment management is outsourced to PRIM.
Profile maintained by Altss. Updated: . To correct this record or make a privacy request, send the page URL and your evidence to privacy@altss.com; corrections are free.
Need institutional-grade insight on pension funds?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: