Elected to State’s PRIM Board
Mass Retirees Treasurer Joseph Connarton has secured a landslide victory to represent his fellow state retirees on the Pension Reserves Investment Management (PRIM) Board. Support from retirees resulted in Connarton securing 61% of the vote.
“I want to start by thanking my fellow retirees and active state employees for your support. Ensuring that the success of our pension fund continues and that your pension assets are used for your benefit is why I ran,” said Connarton. “Now I cannot wait to get to work on your behalf.”
Connarton, who retired as executive director of the Public Employee Retirement Administration Commission (PERAC), will join the PRIM Board on July 1 to begin a three year term. The nine member PRIM Board, which is chaired by State Treasurer Deb Goldberg, next meets in August.
“Starting on day one, Joe will be a true asset to PRIM. Due to his experience as the head of PERAC and having served as chair of the Cambridge Retirement System, I cannot think of anyone else who has brought this level of expertise to the Board,” comments Mass Retirees President Frank Valeri, who also serves as an elected member of the State Retirement Board. “I also want to thank our State Retiree members and thousands of others for turning out in support of Joe. Our Association has held a seat on PRIM since it was created in 1984. This is important work and having a voice at the table is vital to our members.”