At the end of 2018, Joseph Connarton retired as Executive Director of the Public Employee Retirement Administration Commission (PERAC). Throughout his 19-year tenure as Executive Director, Joe led PERAC with integrity and steadfast commitment to fair and impartial oversight of the Commonwealth’s public retirement systems. In January, after a public search process, John Parsons, PERAC Deputy Director and General Counsel, and former MTRS Board member, was appointed to succeed Joe.

After almost 22 years of service, PERAC Actuary Jim Lamenzo announced that he would be retiring this spring. A consummate professional with a calm demeanor and an encyclopedic knowledge of the Commonwealth’s retirement plan, Jim has worked tirelessly to educate the retirement community on actuarial issues and to maintain the sustainability of our defined benefit plan. Succeeding Jim as the state’s actuary is his PERAC colleague and fellow actuary John Boorak, who has been with PERAC since 1995.

We congratulate Joe and Jim on their much deserved retirement, thank them for their clear and balanced counsel to the MTRS over these many years, and wish them much happiness always!