# Waterbury Retirement System

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

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Waterbury, United States
- **Region:** North America
- **Address:** City Hall Building 235 Grand Street 2nd floor, Waterbury, CT 06702, United States
- **Assets under management:** 467 (Altss estimate)
- **Website:** waterburyct.org

## Regulatory record

- **Reports private funds:** No

## About

Waterbury Retirement System operates as the single-employer public pension plan for the City of Waterbury, Connecticut. It delivers retirement benefits to police, firefighters, nurses and non-teacher municipal workers. The City administers the plan through its Pension & Benefits office. The portfolio holds $357 million in common and preferred stock, $41 million in mutual funds, $7 million in corporate bonds and $3 million in U.S. government securities as of June 30, 2024. Real estate exposure includes a commitment to Brookfield Strategic Real Estate Partners IV accessed via iCapital Onshore Access Fund L.P. The system maintains a 10 percent target allocation to private equity. The Retirement Board meets monthly to review performance and asset allocation. The most recent documented meeting occurred in May 2024. Service providers include CliftonLarsonAllen as auditor, U.S. Bank as custodian and Hooker & Holcombe as actuary. Governance flows through the Mayor’s appointment authority and the City’s direct administration. No separate investment staff or external CIO is disclosed.

## Sectors

- Public Pension

## People

- Paul K. Pernerewski, Jr. — Mayor
- Michael LeBlanc, CPA — Director of Finance
- Heather Boyd — Pension & Benefits Manager

## Questions

### Who appoints the Retirement Board?

Mayor Paul K. Pernerewski, Jr. appoints the seven members of the Waterbury Retirement Board.

### What asset classes appear in the portfolio?

Holdings include public equities, mutual funds, corporate bonds, U.S. government securities and private real estate through Brookfield Strategic Real Estate Partners IV.

### Does the system maintain a private equity allocation?

Yes. The documented target allocation to private equity is 10 percent.

### Which service providers support the plan?

CliftonLarsonAllen serves as independent auditor, U.S. Bank National Association as custodian and trustee, and Hooker & Holcombe as actuary and investment advisor.

## Related profiles

- [National Asbestos Workers Pension Fund](https://altss.com/profile/national-asbestos-workers-pension-fund)
- [American United Life Insurance Company Employees Retirement Plan and Trust](https://altss.com/profile/american-united-life-insurance-company-employees-retirement-plan-and-trust)

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

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

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