Newton Retirement Board

Newton Retirement Board

The Newton Retirement Board administers a contributory retirement system for the City of Newton and participating employers such as the Newton Housing Authority. Thomas Lopez serves as chairperson. The system falls under regulatory supervision by the Public Employee Retirement Administration Commission. Investments occur via the Pension Reserves Investment Trust Core Fund, which holds global equities, fixed income, private equity, and real estate. Current private equity exposure stands at 17.1 percent against a 16 percent target. Additional holdings include the PRIT Core Real Estate Portfolio valued at $52.83 million and a timberland portfolio at $17.023 million. The geographic scope centers on North America with global equity and real estate components. The board maintains memberships in the Massachusetts Association of Contributory Retirement Systems and the Government Finance Officers Association. Service providers include Segal as actuarial consultant since 2020 and the Pension Reserves Investment Management Board as investment manager since 1983. No recent operational events from the last 24 months appear in available records. The structure routes all investment execution through the PRIM-managed PRIT vehicle rather than direct commitments or separate accounts.