# Fall River Retirement Board

Fall River Retirement Board is a Pension Fund based in Fall River, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Fall River, United States
- **Region:** North America
- **Address:** 21 Father DeValles Boulevard Suite GR 101 Box 14, Fall River, MA 02723, United States
- **Assets under management:** 377 (Altss estimate)
- **Website:** fallriverretirement.com
- **LinkedIn:** https://www.fallriverretirement.com

## Regulatory record

- **Reports private funds:** No

## About

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. 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.

## Sectors

- Private Equity
- Real Estate
- Timberland
- Fixed Income

## People

- Mark Nassiff, Jr. — Chairperson
- Robert Camara — Vice Chairman
- James Machado — Elected Member
- Nicholas Christ — Fifth Member
- Christopher Murphy — Ex Officio Member
- Michael Pasternak — Board Administrator

## Questions

### Who runs investment decisions at Fall River Retirement Board?

The five-member board sets policy. Mark Nassiff, Jr. serves as chairperson. Day-to-day administration falls to Michael Pasternak.

### Does Fall River Retirement Board make direct investments or only fund commitments?

The board commits exclusively through the PRIT Fund and holds no direct private equity or real asset positions outside that vehicle.

### What asset classes receive the largest allocations?

Global equities represent about 39 percent. Real estate and timberland together account for roughly 17 percent. Fixed income and alternatives fill the balance.

### Which service providers support the board?

NEPC acts as investment consultant. M&T Bank serves as master custodian. Michael Sacco, Esq. provides legal counsel. PERAC supplies actuarial oversight.

### How is the board related to the City of Fall River?

The city is the sponsoring employer. Contributions flow from municipal budgets. The city treasurer sits as an ex officio board member.

## Related profiles

- [C&A Group Pension Fund](https://altss.com/profile/c-a-group-pension-fund-pkca)
- [La Vida Feliz Foundation](https://altss.com/profile/la-vida-feliz-foundation)

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

Canonical page: https://altss.com/profile/fall-river-retirement-board

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