Notice of Boston Retirement Board Member Vacancy
The Trustees of the Boston Retirement Board (“BRB”) seek an individual to fill the vacant Fifth Member board position. Due to the vacancy, this term shall expire on January 15, 2027.
The BRB is a cost sharing, multi-employer, public employee retirement system established under Chapter 32 of the Massachusetts General Laws. The mission of the BRB is to oversee its Retirement System, which disburses retirement benefits and provides retirement-related services to 21,100+ active members, as well as 15,000+ retirees and beneficiaries. The BRB actively manages nearly $8.6 billion in pension funds with the guidance of a pension consultant and fund managers, which are fully invested in diversified asset categories.
Discussion Topics
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Application Details
Qualifications for this position include, but not limited to, the following:
- Serve as a fiduciary, free of any conflicts of interest.
- Act for the exclusive benefit of the members and their beneficiaries.
- Ability to attend monthly meetings at the Boston Retirement Board.
Preferred attributes include, but not limited to, familiarity with the following:
- Massachusetts General Laws Chapter 32.
- Governmental defined benefit plans.
- Experience with large investment portfolios.
- Experience with investment management systems, operations and/or infrastructure.
Board Members are required to complete 18 hours of educational training during the three-year term, and to file Annual Statements of Financial Interest with the Public Employee Retirement Administration Commission. Board Members must comply with GL c. 268A (Massachusetts Ethics law).
The Fifth Member may not be an employee, retiree or official of the Retirement Board, City of Boston, Boston Planning & Development Agency f/k/a Boston Redevelopment Authority, Boston Housing Authority, Suffolk County Sheriff's Department, Boston Water & Sewer Commission or Boston Public Health Commission. An annual stipend of $4,500 is available to the successful candidate.Interested candidates must respond by sending a cover letter and curriculum vitae to Timothy J. Smyth, Esquire at email: timothy.smyth@boston.gov no later than 5 p.m. on May 1, 2026.