# North Providence Police Pension Trust

North Providence Police Pension Trust is a Pension Fund based in North Providence, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** North Providence, United States
- **Region:** North America
- **Address:** 2000 Smith Street, North Providence, RI 02911, United States
- **Founded:** 1900
- **Assets under management:** Undisclosed
- **Website:** northprovidenceri.gov
- **LinkedIn:** https://www.linkedin.com/company/north-providence-town-of

## Regulatory record

- **Reports private funds:** No

## About

The North Providence Police Pension Trust is a locally administered public pension plan created to provide retirement security for police officers of the Town of North Providence, Rhode Island. It functions as a single-employer defined-benefit plan, with the town acting as plan sponsor and administrator under the oversight of a five-member Police Pension Board of Review. Board members Steven DiLorenzo, Jason Burlingame, Ryan Emerson and Thomas Massaro share fiduciary and administrative responsibility for the program. As a municipal pension trust, the fund's investment strategy is conservative by design, focused on capital preservation and the predictable funding of benefit obligations rather than aggressive growth. The trust participates in the Rhode Island Advisory Council for Locally Administered Pension Plans, a state-level professional network that monitors and supports municipal plans. Day-to-day financial management and reporting rest with Finance Director Maria G. Vallee, operating from the North Providence Town Hall at 2000 Smith Street. The trust's assets are reported as a single line item in the town's broader financial statements, with no publicly disclosed breakdown of asset allocation, external manager relationships, or investment committee minutes. The trust's architecture sits within the Town of North Providence's Finance Department, not as a freestanding investment office. There are no dedicated internal investment staff, external consultants named in public records, or visible alternative-investment programs. The board members are town officials and police department representatives — not career allocators — and the plan's oversight falls under the state advisory council's monitoring framework. This is the standard structure for Rhode Island's locally administered public-safety pension trusts: lean, compliance-driven, and bound tightly to the town's municipal budget cycle. No separate investment policy statement, asset-liability study, or public-facing RFP activity is available as of mid-2026.

## People

- Maria G. Vallee — Finance Director
- Steven DiLorenzo — Board Member, Police Pension Board of Review
- Jason Burlingame — Board Member, Police Pension Board of Review
- Ryan Emerson — Board Member, Police Pension Board of Review
- Thomas Massaro — Board Member, Police Pension Board of Review

## Questions

### Who runs investment decisions at the North Providence Police Pension Trust?

The trust is overseen by a five-member Police Pension Board of Review. Board members include Steven DiLorenzo, Jason Burlingame, Ryan Emerson and Thomas Massaro, with financial management handled by town Finance Director Maria G. Vallee. The board operates as part of the Town of North Providence's municipal government structure, not as an independent investment committee. No dedicated investment staff or external consultant relationships appear in public records.

### How transparent is the trust's investment strategy and portfolio?

The trust's assets are reported as a consolidated line item within the Town of North Providence's annual financial statements. No standalone investment policy statement, asset-liability study, or breakdown by asset class is publicly available through the town's website or the Rhode Island Advisory Council for Locally Administered Pension Plans. As a small municipal plan, disclosure is limited to what the town files in its Comprehensive Annual Financial Report.

### What is the benefit structure for covered officers?

The plan provides a defined benefit to retired police officers of the North Providence Police Department. Qualifying members can retire with 50% of their final average salary after 20 years of credited service. Vesting occurs at 10 years of service. The town, as plan sponsor, is responsible for ensuring adequate funding to meet these obligations.

## Related profiles

- [North Port Police Officers' Pension - Local Option Trust Fund](https://altss.com/profile/north-port-police-officers-pension-local-option-trust-fund)
- [North Ridge Partners](https://altss.com/profile/north-ridge-partners)

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

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