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North Attleboro Retirement Board
The North Attleboro Retirement Board administers retirement benefits for eligible employees of the Town of North Attleborough, Massachusetts.
North Attleboro Retirement Board
The North Attleboro Retirement Board administers retirement benefits for eligible employees of the Town of North Attleborough, Massachusetts. Chairperson Craig R. Chapman and Executive Director Nathaniel Chen lead the board, which operates under the regulatory oversight of the Public Employee Retirement Administration Commission (PERAC). The system is a defined-benefit plan, funded by employee contributions, municipal appropriations, and investment returns. The board's investment strategy relies overwhelmingly on a single vehicle: the Pension Reserves Investment Trust (PRIT) Fund, managed by the state-level Pension Reserves Investment Management (PRIM) Board in Boston. PRIT pools assets from dozens of Massachusetts municipal systems, granting the North Attleboro board indirect exposure to a multi-asset portfolio. PRIM allocates across public equities, fixed income, private equity, real estate, and timberland, among other real assets and private credit instruments. The board does not make direct investments or fund commitments independently. With an estimated $158 million in plan assets, the board fits the profile of a small to mid-sized Massachusetts municipal pension fund. The board belongs to the Massachusetts Association of Contributory Retirement Systems (MACRS), a professional body that connects similar plans across the commonwealth. No separate philanthropic vehicle or operating company is disclosed. The primary counterparties are the sponsoring Town of North Attleborough and the PRIM Board, which manages the PRIT Fund. The board's most notable structural feature is the absence of a dedicated internal investment team making direct allocation calls. Fiduciary authority is exercised by the elected or appointed board, but day-to-day portfolio management is wholly outsourced to the PRIT Fund — a model consistent with many Massachusetts towns seeking to access institutional-quality diversification and fee scale without building an in-house investment office.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
North Attleborough
Corporate office
North Attleborough, MA, United States
Principals
Craig R. Chapman
Chairperson
Nathaniel Chen
Executive Director
Sector focus
Frequently asked questions
How does the North Attleboro Retirement Board invest its assets?
The board allocates nearly all plan assets to the Pension Reserves Investment Trust (PRIT) Fund. PRIT is a pooled investment vehicle managed by the state-level PRIM Board in Boston. The board does not select individual managers or make direct co-investments on its own.
Who sits on the North Attleboro Retirement Board?
Craig R. Chapman serves as board chairperson. Nathaniel Chen is the executive director. The full five-member board composition follows the standard structure for Massachusetts contributory retirement systems, typically including elected members, a mayoral appointee, and the town accountant.
What assets does the PRIT Fund hold on the board's behalf?
PRIT invests across public equities, fixed income, private equity, real estate, real assets including timberland, and private credit. The board gains exposure to these asset classes indirectly, without making separate capital calls or fund commitments.
Is the North Attleboro board regulated?
Yes. The Public Employee Retirement Administration Commission (PERAC) oversees the board's operations, ensuring compliance with Massachusetts pension laws, funding schedules, and reporting standards for the town's contributory retirement system.
Does the North Attleboro Retirement Board co-invest alongside other Massachusetts pension funds?
Effectively, yes. By investing through the PRIT Fund, the board's assets are commingled with those of other municipal and county retirement systems that also use PRIT. However, the board does not participate in separate club deals or ad hoc co-investment syndicates.
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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