Updated:
Springfield Retirement System
The Springfield Retirement System serves full-time and part-time employees of the City of Springfield, the Springfield Housing Authority and the Springfield...
Springfield Retirement System
The Springfield Retirement System serves full-time and part-time employees of the City of Springfield, the Springfield Housing Authority and the Springfield Water and Sewer Commission. It was established as a mandatory contributory plan under Massachusetts law. Assets are deployed almost entirely through the PRIT fund. Allocations include global equities at 39.4 percent, core fixed income at 14.8 percent, value-added fixed income at 7.7 percent, real estate at 9 percent and timberland at 2.9 percent. The system also holds limited direct positions in venture vehicles such as Ascend Ventures I and Boston Millennia Partners II. The board comprises elected and ex-officio members including Robert P. Moynihan, Thomas Scanlon, Patrick Burns, Karl Schmaelzle and Haskell Kennedy. Susana Baltazar serves as Executive Director. The system maintains membership in the Massachusetts Association of Contributory Retirement Systems. Governance centers on oversight of the PRIM relationship rather than direct deal sourcing or manager selection.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
Springfield
Corporate office
70 Tapley Street, Springfield, MA 01104, United States
Principals
Robert P. Moynihan
Chairman of the Board
Susana Baltazar
Executive Director
Thomas Scanlon
Vice-Chairman
Frequently asked questions
Who runs investment decisions at Springfield Retirement System?
The board chaired by Robert P. Moynihan sets policy. Day-to-day administration is handled by Executive Director Susana Baltazar. Nearly all assets are managed by the Massachusetts PRIM Board through the PRIT fund.
How does Springfield Retirement System source proprietary deal flow?
The system does not source direct deals. It participates in private equity, real estate and timberland through allocations inside the PRIT fund managed by the PRIM Board.
Is Springfield Retirement System structured as a single family office or does it operate more like a venture firm?
It is a public pension plan. The system maintains no direct co-investment program and holds no venture capital staff.
Does Springfield Retirement System participate in fund commitments or only direct deals?
Commitments occur exclusively through the PRIT fund. The system records limited partner positions in vehicles such as Boston Millennia Partners II inside that pooled structure.
Where does the underlying wealth come from?
Assets derive from mandatory employee and employer contributions to the City of Springfield retirement plan and related municipal entities.
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: