The Massachusetts Teachers’ Retirement System (MTRS) has been asked by the Pension Reserves Investment Management (PRIM) Board to assist them in the statewide election for a representative of the Massachusetts Teachers’ Retirement System to the PRIM Board. As you may know, active and retired members of our system are eligible to become candidates for this position on the PRIM Board. If you have any questions about the PRIM Board or the upcoming election, please contact our main office at 617-679-6877.
The MTRS will send broadcast emails to our members to notify them of the upcoming election and their opportunity to run for the position. We respectfully ask that you forward this notice to your employees who are MTRS members and post it in a conspicuous location in your office.
Thank you in advance for your assistance!
NOTICE OF PRIM BOARD ELECTION
Nominations for the Massachusetts Teachers’ Retirement System (MTRS) representative to the Pension Reserves Investment Management (PRIM) Board will be open from November 17, 2022 to January 24, 2023. The PRIM Board is responsible for investing and managing the Pension Reserves Investment Trust (PRIT) Fund, which is used to assist the Commonwealth and participating local plans in funding their pension liabilities.
PRIM is an unpaid board consisting of seven appointed and two elected members. One elected member shall be an active or retired member of the State Employees’ Retirement System, and the second elected member shall be an active or retired member of the Massachusetts Teachers’ Retirement System.
Each elected member shall serve for a three-year term.
Nomination papers will be available on November 17, 2022 and may be obtained from the Teachers’ Retirement System’s main office in Charlestown.
Nomination papers must be signed by no less than 75 active or retired members of the Massachusetts Teachers’ Retirement System and filed at the office of the Massachusetts Teachers’ Retirement System NO LATER THAN 5:00 p.m., January 24, 2023.
Official Ballots will be mailed on March 16, 2023 and must be returned on or before May 5, 2023.