Updated:
Framingham Retirement Board
The Framingham Retirement Board was established to manage retirement benefits under Massachusetts General Law Chapter 32 for specific local entities.
Framingham Retirement Board
The Framingham Retirement Board was established to manage retirement benefits under Massachusetts General Law Chapter 32 for specific local entities. Richard G. Howarth, Jr. serves as chairperson and ex-officio member. The board maintains a 17.1 percent allocation to private equity and directs the balance across global equities, core fixed income, real estate, and timberland sleeves inside the PRIT Fund. Confirmed exposures include positions in Microsoft, NVIDIA, Apple, Amazon, and Alphabet through the PRIT Global Equity segment as of 2024. All investments occur via the PRIM Board rather than direct commitments or co-investments. The board belongs to the Massachusetts Association of Contributory Retirement Systems and the National Conference on Public Employee Retirement Systems. It retains NEPC as investment advisor, Thomas Gibson and Murphy Hesse Toomey & Lehane as legal counsel, BNY Mellon as master custodian, and PERAC for actuarial services. No dated operational events from the last 24 months beyond conference attendance are recorded. The board operates as a statutory public entity with no separate philanthropic vehicles or operating companies attached.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
Framingham
Corporate office
Memorial Building, Room B-31, 150 Concord Street, Framingham, MA 01702, United States
Principals
Richard G. Howarth, Jr.
Chairperson
Frequently asked questions
Who runs investment decisions at Framingham Retirement Board?
Richard G. Howarth, Jr. chairs the board. All assets are invested through the PRIM Board and its PRIT Fund.
Does Framingham Retirement Board make direct investments or only fund commitments?
The board makes no direct investments. It participates solely as a limited partner in the PRIT Fund managed by the PRIM Board.
What asset classes does Framingham Retirement Board hold?
Holdings include global equities, core fixed income, private equity, real estate, and timberland through PRIT sleeves.
Which service providers support Framingham Retirement Board?
NEPC serves as investment advisor, BNY Mellon as master custodian, and PERAC as actuary.
Where does Framingham Retirement Board source its investment exposure?
All exposure is obtained through the Pension Reserves Investment Trust Fund administered by the PRIM Board.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on pension funds?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: