Fall River Retirement Board

Fall River Retirement Board

The Fall River Retirement Board was established to manage retirement benefits for municipal workers including police and officials. It functions under Massachusetts statute with five voting members and an ex officio treasurer. No private family wealth origin applies; the capital derives from city contributions and investment returns. Assets are deployed almost entirely via the PRIT Fund, producing exposure to global equities at roughly 39 percent, core fixed income near 10 percent, real estate, timberland, and private equity. Confirmed holdings include units in the PRIT Timberland Portfolio and PRIT Real Estate Portfolio. Geographic reach covers global public markets plus U.S. real assets. The board maintains a 17.1 percent allocation to private equity through the same vehicle. The board employs no internal investment staff and lists zero additional offices. It belongs to the Massachusetts Association of Contributory Retirement Systems and the National Conference on Public Employee Retirement Systems. June 2024 attendance at the MACRS Annual Conference supplied updates on legislative and investment matters. Governance rests with a five-member board whose composition mixes elected employee representatives, an appointed chair, and the city treasurer, creating direct municipal accountability rather than delegated professional management.