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Town of Greenwich, Connecticut Retirement System
The Town of Greenwich, Connecticut Retirement System was established in 1946 as a single-employer defined benefit pension plan. Michael G. Wacek serves as...
Town of Greenwich, Connecticut Retirement System
The Town of Greenwich, Connecticut Retirement System was established in 1946 as a single-employer defined benefit pension plan. Michael G. Wacek serves as chairman of the Retirement Board. The plan covers regular full-time employees of the town and is funded through member and employer contributions. The system allocates 21.47 percent to private equity. Holdings include Marmor Co-Investment L.P. tied to Motel One in Europe and Suntex Marina Investors LLC in the United States. Additional commitments cover NB Real Estate Secondary Opportunities Fund LP, PineBridge PEP V Europe L.P., and Clarion Lion Properties Fund. Geographic exposure spans the United States and Europe. The Retirement Board holds regular meetings to review performance and asset allocation. Service providers include Neuberger Berman as investment advisor since 2017 and State Street Bank and Trust Company as custodian. The Clementine L. Peterson Foundation supports related town initiatives including the Greenwich Library. Board governance integrates the town comptroller as an ex-officio voting member, creating direct municipal oversight of investment decisions and actuarial assumptions.
General information
Firm type
Pension Fund
Year founded
1946
Location
Region
North America
Country
United States
City
Greenwich
Corporate office
Town Hall 101 Field Point Road, Greenwich, CT 06830, United States
Principals
Michael G. Wacek
Chairman of the Retirement Board
Kenneth Berkson
Retirement Plan Administrator
Peter Mynarski
Board Member
Sector focus
Frequently asked questions
Who runs investment decisions at the Town of Greenwich, Connecticut Retirement System?
Michael G. Wacek serves as chairman of the Retirement Board. Kenneth Berkson acts as retirement plan administrator. Peter Mynarski participates as board member in his capacity as town comptroller.
Does the Town of Greenwich, Connecticut Retirement System participate in fund commitments or only direct deals?
The system makes commitments to private equity and real estate funds. Examples include PineBridge PEP V Europe L.P. and NB Real Estate Secondary Opportunities Fund LP. It also holds co-investment positions such as Marmor Co-Investment L.P.
What asset classes does the Town of Greenwich, Connecticut Retirement System target?
Private equity accounts for 21.47 percent of assets. Real estate holdings include open-end core funds and secondary vehicles. Additional exposure appears in private credit and distressed strategies through listed fund commitments.
Where does the Town of Greenwich, Connecticut Retirement System maintain geographic exposure?
Holdings include United States-based assets such as Suntex Marina Investors LLC and Clarion Lion Properties Fund. European exposure appears through Marmor Co-Investment L.P. and PineBridge PEP V Europe L.P.
How is the Town of Greenwich, Connecticut Retirement System related to the Town of Greenwich?
The town serves as the sponsoring employer. Contributions from the town support the plan alongside member contributions. The town comptroller holds an ex-officio seat on the Retirement Board.
Which service providers support the Town of Greenwich, Connecticut Retirement System?
Neuberger Berman acts as investment advisor. Boomershine Consulting Group serves as actuary. State Street Bank and Trust Company provides custody services.
Does the Town of Greenwich, Connecticut Retirement System maintain philanthropic structures?
The Clementine L. Peterson Foundation supports Greenwich Library and other town entities. The foundation operates separately from the retirement plan.
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