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Lawrence Retirement Board
The Lawrence Retirement Board was established in 1937 to manage pension obligations for employees of the City of Lawrence and participating entities such as...
Lawrence Retirement Board
The Lawrence Retirement Board was established in 1937 to manage pension obligations for employees of the City of Lawrence and participating entities such as the Merrimack Valley Regional Transit Authority and Lawrence Housing Authority. Assets are allocated across the PRIT Fund, with 17.1 percent directed to private equity and additional exposure to real estate, timberland, and portfolio completion strategies. Confirmed holdings include the PRIT Global Equity Portfolio at $133 million, the PRIT Core Fixed Income Portfolio at $46 million, and the PRIT Value Added Fixed Income Portfolio at $25 million as of December 31, 2023. The board maintains a long-term relationship with the PRIM Board for investment management. The plan serves municipal employees and retirees of Lawrence, Massachusetts. Gina Rizzo has served as Executive Director since 1989. The board participates in MACRS conferences for fiduciary training and legislative updates. Investment decisions flow through the PRIM Board structure rather than direct selection of external managers or co-investments.
General information
Firm type
Public Pension Fund
Year founded
1937
Location
Region
North America
Country
United States
City
Lawrence
Corporate office
354 Merrimack Street Entry C - 3rd Floor, Suite 302, Lawrence, MA, United States
Principals
Gina Rizzo
Executive Director
Ramona Ceballos
Chairperson and Chief Administrative and Finance Officer
Sector focus
Frequently asked questions
Who runs investment decisions at Lawrence Retirement Board?
The board delegates investment management to the Pension Reserves Investment Management Board, which oversees the PRIT Fund allocations.
Does Lawrence Retirement Board participate in fund commitments or only direct deals?
The board invests exclusively through the PRIT Fund and does not make direct commitments or co-investments.
Where does the underlying wealth come from?
The plan is funded by contributions from the City of Lawrence and participating member units including the Merrimack Valley Regional Transit Authority and Lawrence Housing Authority.
How is Lawrence Retirement Board related to the City of Lawrence?
The City of Lawrence is the primary municipal sponsor and member unit of the retirement system.
What investment stages does Lawrence Retirement Board typically target?
The board maintains a long-term allocation to private equity and other alternatives through the PRIT Fund without specified stage preferences.
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.
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