# Wakefield Retirement Board

Wakefield Retirement Board is a Pension Fund based in Wakefield, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Wakefield, United States
- **Region:** North America
- **Address:** Wakefield, MA, United States
- **Assets under management:** $168M (Altss estimate)
- **Website:** wakefield.ma.us

## Regulatory record

- **Reports private funds:** No

## About

The Wakefield Retirement Board administers pensions for employees of the Town of Wakefield under Massachusetts General Laws Chapter 32. A five-member board governs the plan, with Executive Director Cathy Cheek handling day-to-day administration. Kevin Gill serves as board chair alongside his role as Assistant Town Administrator and CFO. The plan invests across a diversified institutional portfolio. Public filings and PRIT documents show exposure to global equities, fixed income, real estate, and timberland. With an estimated $168M in assets, the Wakefield plan operates at a scale that makes direct alternatives execution impractical. The board's recent public notices, including a call for an auditor in early 2026, point to standard governance motions. Board meeting minutes, where available, tend to focus on administrative and benefit administration matters rather than active portfolio construction — typical for a plan whose investment strategy is delegated to a state-level trust. The plan's structural differentiator is its embedded position within Massachusetts's pooled investment architecture. For a small municipal fund, the real decision is how much to trust the state's PRIT managers. The governance setup — five unpaid or municipally employed trustees overseeing a staff of one or two — is the classic New England town pension blueprint, prioritizing stability over tactical nimbleness.

## Sectors

- Real Estate
- Infrastructure
- Hedge Funds
- Private Credit
- Secondaries & Special Situations

## People

- Kevin Gill — Chairperson of the Board and Assistant Town Administrator / CFO of Wakefield
- Cathy Cheek — Executive Director

## Questions

### Who runs investment decisions at the Wakefield Retirement Board?

The five-member board governs the plan, with Kevin Gill as chair. Cathy Cheek serves as Executive Director. Investment strategy is largely delegated to the state's Pension Reserves Investment Management board, which manages the PRIT pool the Wakefield plan participates in.

### How is the Wakefield Retirement Board funded?

The plan is funded through contributions from the Town of Wakefield and its employees, investment returns, and actuarially determined employer contributions. It operates under Massachusetts General Laws Chapter 32, which governs public employee retirement systems.

## Related profiles

- [Massachusetts Medical Society Pension Plan](https://altss.com/profile/massachusetts-medical-society-pension-plan)
- [Tuckpointer Local 52 Pension Plan](https://altss.com/profile/tuckpointer-local-52-pension-plan)

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

Canonical page: https://altss.com/profile/wakefield-ma

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