State Retirement Board

State Retirement Board

The Massachusetts State Retirement Board administers the Massachusetts State Employees' Retirement System, a defined-benefit plan created in 1911 under state law. Treasurer Deborah B. Goldberg chairs the board, which also counts elected members from SEIU/NAGE Unit 6 and the Mass Retirees Association among its governors. The system covers state employees and certain other public-entity workers, providing retirement, disability, and survivor benefits. The fund invests across asset classes including real estate, private equity, timberland, and infrastructure. Known commitments include a position in the Blackstone BioMed Life Science Real Estate Fund, focused on Cambridge properties, and a direct real estate holding through PRIT Core Realty Holdings LLC. The system participates in Portfolio Completion Strategies, an overlay program designed to manage total fund exposures across public and private markets. Geographic reach spans US assets and global timberland holdings. Team size and total assets are not publicly disclosed. The board is affiliated with institutional networks including ILPA, CII, and NASRA. Michael Trotsky, who serves as executive director and CIO of the separate PRIM Board, is the immediate past chair of the CFA Society Boston. May 2024: No verifiable recent operational event surfaced in public filings or press. The MSRB's governance is distinct from the larger PRIT system: while the state treasurer chairs both boards, the MSRB operates under a separate statutory mandate with its own elected members, giving public-employee unions and retirees direct representation on the investment-oversight body.