PRIM

The Pension Reserves Investment Management ("PRIM") Board manages the assets of the Pension Reserves Investment Trust ("PRIT") Fund for public employee pension benefits on behalf of Massachusetts State Employees, Massachusetts Teachers', and Boston Teachers', as well as local participating retirement systems throughout the Commonwealth that elect to invest with PRIM. PRIM's mission is to generate strong risk-adjusted investment returns that help the Commonwealth of Massachusetts meet its pension obligations and alleviate potential taxpayer burden... The PRIT Fund consists of the General Allocation Account or "PRIT Core", which is comprised of a diverse set of investment accounts. No element in an investment strategy is more critical to the realization of long-term investment objectives than the allocation of assets. The PRIM Board believes it is important to control risk through diversification, and, therefore, it invests in other asset classes including real estate, core fixed..

Also known as: PRIM Board

Primary location: Boston United States