# Town of Greenwich Retirement System

Town of Greenwich Retirement System is a Pension Fund based in Greenwich, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Greenwich, United States
- **Region:** North America
- **Address:** Greenwich, CT, United States
- **Founded:** 1946
- **Assets under management:** Undisclosed
- **Website:** greenwichct.gov

## Regulatory record

- **Reports private funds:** No

## About

The Town of Greenwich Retirement System is a public pension fund serving the town's employees. It provides retirement benefits to eligible participants. The fund is governed by the Connecticut General Statutes.

## Sectors

- Real Estate
- Private Equity
- Energy
- Commodities

## People

- Michael G. Wacek — Chairman of the Retirement Board
- Peter Mynarski — Town Comptroller and Secretary of the Retirement Board
- Nataliya Yemets — Town Treasurer
- Kenneth L. Berkson — Retirement Administrator

## Questions

### Who makes asset allocation decisions for the Town of Greenwich Retirement System?

The Retirement Board, chaired by Michael G. Wacek, governs asset allocation and investment policy. Day-to-day administration is handled by Retirement Administrator Kenneth L. Berkson, with oversight support from Town Comptroller Peter Mynarski and Treasurer Nataliya Yemets. The board relies on external fund managers — such as Clarion Partners, Almanac Realty, and EIG — for strategy execution.

### What types of investments does the system hold?

The system's known investments are concentrated in private real estate, private equity buyout strategies, commodities, and energy. Specific holdings include the Clarion Properties Fund for mixed-use real estate, Almanac Realty Securities IX for real-estate securities and GP stakes, and Rockbridge Portfolio Fund I for hospitality properties. It also holds Bloomberg Commodity Index exposure and has committed to the EIG Energy Fund XV for global energy and infrastructure.

### Does the Greenwich retirement system operate with an in-house investment team?

No. The system does not maintain a large internal investment staff. Governance is carried out by the Retirement Board and municipal officers; external investment managers run the underlying portfolios. This staffing model is typical for municipal plans of its size.

### What is the relationship between the retirement system and the Town of Greenwich government?

The system is a governmental defined-benefit plan established for town employees. It operates under the statutory authority of the Town of Greenwich, with board seats held by serving municipal officers. It is not a legally separate corporation — governance, treasury, and comptroller functions are embedded within the town government structure.

## Related profiles

- [Town of Glastonbury Pension Trust Fund](https://altss.com/profile/town-of-glastonbury-pension-trust-fund)
- [Town of Longboat Key Consolidated Retirement System](https://altss.com/profile/town-of-longboat-key-consolidated-retirement-system)

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

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