The PRIT fund is an external investment pool that is not registered with the Securities and Exchange Commission, but is subject to oversight provided by the Pension ReservesInvestmentManagementBoard (the PRIM Board). The PRIM Board was created by legislation to provide general supervision of the investments and management of PRIT. The fair value of the PRIT pooled fund is based on unit value (NAV) as reported by management of the PRIT fund.
If a local system participates in the PRIT Fund, it must transfer ownership and control of all assets of its system to the Pension Reserves InvestmentManagementBoard, which manages the investment and reinvestment of the PRIT Fund. Cities and towns with systems participating in the PRIT Fund continue to be obligated to fund their pension obligations in the manner described above.
If a local system participates in the PRIT Fund, it must transfer ownership and control of all assets of its system to the Pension Reserves InvestmentManagementBoard, which manages the investment and reinvestment of the PRIT Fund. Cities and towns with systems participating in the PRIT Fund continue to be obligated to fund their pension obligations in the manner described above.
If a local system participates in the PRIT Fund, it must transfer ownership and control of all assets of its system to the Pension Reserves InvestmentManagementBoard, which manages the investment and reinvestment of the PRIT Fund. Cities and towns with systems participating in the PRIT Fund continue to be obligated to fund their pension obligations in the manner described above.
If a local system participates in the PRIT Fund, it must transfer ownership and control of all assets of its system to the Pension Reserves InvestmentManagementBoard, which manages the investment and reinvestment of the PRIT Fund. Cities and towns with systems participating in the PRIT Fund continue to be obligated to fund their pension obligations in the manner described above.
If a local system participates in the PRIT Fund, it must transfer ownership and control of all assets of its system to the Pension Reserves InvestmentManagementBoard, which manages the investment and reinvestment of the PRIT Fund. Cities and towns with systems participating in the PRIT Fund continue to be obligated to fund their pension obligations in the manner described above.
. -- Pension ReservesInvestmentManagementBoard holds a remote meeting of its Investment Committee, with Treasurer Deb Goldberg participating, 9:30 a.m. -- Joint Committee on Community Development and Small Business holds a virtual hearing on two bills, one that would create a Massachusetts Paycheck Protection Program for businesses ineligible for the federal program and the other that would create an electronic MassMakers networking database, 11