# Stoneham Contributory Retirement System

Stoneham Contributory Retirement System is a Pension Fund based in Stoneham, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Stoneham, United States
- **Region:** North America
- **Address:** Stoneham, MA, United States
- **Founded:** 1937
- **Assets under management:** Undisclosed
- **Website:** stonehamcontributory.com

## Regulatory record

- **Reports private funds:** No

## About

The Stoneham Contributory Retirement System provides pension benefits to municipal employees of Stoneham, Massachusetts. The system operates as a public defined-benefit plan under the regulatory purview of the Public Employee Retirement Administration Commission (PERAC). The retirement board is chaired by Janice Houghton, with Christopher Delisi serving as Executive Director. Participating employers include the Town of Stoneham and the Stoneham Housing Authority. The fund's investment strategy spans traditional and alternative assets. Public equities and fixed income form the core of the portfolio, while additional allocations target real estate and dedicated timberland strategies. The system also deploys capital into private equity through a Portfolio Completion Strategies program, designed to build exposure to mid-market buyout and growth funds. The system maintains its primary presence in Stoneham, Massachusetts. Team size and total assets are not publicly published. The board is an active member of the Massachusetts Association of Contributory Retirement Systems (MACRS), an industry association that provides education and advocacy for the state's 104 public pension boards. No recent operational events such as new mandates, asset allocation studies, or personnel changes have been publicly reported. The structural identity of the Stoneham Contributory Retirement System is shaped by its participation in the Massachusetts public pension regulatory framework. Unlike multi-employer state funds, it operates as a standalone local system, giving the five-member retirement board direct fiduciary control over all investment decisions. This creates a governance model where a small team, led by an executive director, administers benefits and manages an external advisor network to deploy assets—a structure that concentrates accountability compared to larger pooled state systems.

## Sectors

- Real Estate
- Private Equity
- Timberland
- Public Equities
- Fixed Income

## People

- Christopher Delisi — Executive Director
- Janice Houghton — Board Chairperson

## Questions

### How does the Stoneham Contributory Retirement System fit into the broader Massachusetts public pension landscape?

Stoneham operates as one of 104 independent local contributory retirement systems in Massachusetts, a structure that differs from states with a single consolidated pension fund. It falls under the regulatory oversight of PERAC, which conducts audits, sets investment guidelines, and establishes funding schedules. The system is a member of MACRS, which coordinates training and legislative advocacy for local boards.

### What role does PERAC play in the system's operations?

PERAC audits the system's financial statements, reviews actuarial assumptions, and enforces compliance with Massachusetts public pension law. The commission does not make investment decisions but sets the regulatory framework within which the Stoneham board operates, including restrictions on certain asset classes and reporting requirements.

## Related profiles

- [Stonegate Wealth Management](https://altss.com/profile/stonegate-wealth-management)
- [Stonewater Wealth Management](https://altss.com/profile/stonewater-wealth-management-swm)

---

Last updated: 2026-08-11T02:43:31.692Z

Canonical page: https://altss.com/profile/stoneham-contributory-retirement-system

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology