SRBTF Board Information

Board members, upcoming meetings & past minutes.

The State Retiree Benefits Trust Fund (SRBTF) is governed by a Board of Trustees. The Board meetings are usually held four times a year through remote participation until otherwise noted. Meetings are open to the public - please contact us to gain access.

Board Members

Kathleen Bramlage, Chair 
(Designee of the Massachusetts Treasurer and Receiver General Deborah B. Goldberg)

Kathy Bramlage works with the Debt Management team to structure both short-term and long-term general obligation bond deals for the Commonwealth as well as certain special obligation issues.

Ms. Bramlage has over 25 years of experience managing fixed income investments. She was a portfolio manager for municipal mutual funds, taxable and tax-exempt money market funds, institutional corporate accounts, as well as fixed income portfolios for high net-worth individuals and families. In addition, she was a fixed income strategist and a municipal credit analyst, covering all investment grade sectors of the market.  Prior to joining the Massachusetts State Treasurer’s Officer, Ms. Bramlage was a municipal portfolio manager and credit analyst at an asset management firm in New York City.

She received her Bachelor of Science in Accounting/Finance from Oakland University in southeast Michigan. She is a member of the National Federation of Municipal Analysts, the Boston Municipal Analysts form, and Women in Public Finance. 

Matthew Gorzkowicz
Secretary of the Massachusetts Executive Office of Administration and Finance

Matthew Gorzkowicz is the Secretary of the Executive Office for Administration and Finance. He has more than 25 years' experience in state finance and budgeting in the Commonwealth. He has served as the Associate Vice President for Administration and Finance at the University of Massachusetts President's Office for more than a decade, where he has had a direct role in setting the University’s long-range administrative and financial goals and managed the development of an annual operating budget of $3.8 billion.

William McNamara 
Comptroller of the Commonwealth of Massachusetts 

William McNamara is the 20th Comptroller of Massachusetts. A native of Norwood and graduate of Norwood High School, Bill McNamara earned his Bachelor of Arts in Economics and English at Williams College and a Master of Business Administration with a concentration in finance at Dartmouth College’s Tuck School of Business. His post-M.B.A. career began at Norton Company in Worcester, where he was the senior business analyst in the office of the CFO and Controller. Transitioning to the investment industry in 1992, McNamara spent sixteen years at Fidelity Investments. He rose through the finance function to become CFO of a major division with a budget of over $500 million.

William T. Keefe
Executive Director of the Public Employee Retirement Administration Commission (PERAC)

Bill Keefe is the Executive Director of the Public Employee Retirement Administration Commission (PERAC) after serving for over four years as Assistant Deputy Director overseeing the audit, compliance and communications units while directing legislative affairs. Previously, he spent 23 years in the Office of the State Auditor, the last nine as Director of Audit Planning. Keefe earned a Bachelor’s from Syracuse University in journalism and political science and started his career as a newspaper reporter and editor.

James Rust
Chief Financial Officer at the Group Insurance Commission (GIC) (Designee of the GIC Executive Director Matthew Veno)

Jim Rust joined the Group Insurance Commission (GIC) in 2018 as Chief Financial Officer where he manages financial operations, vendor management and oversees data analytics. Prior to working at the GIC, Mr. Rust worked as a managing director for a financial advisory firm with many public sector clients in healthcare, higher education, and transportation.  He also served as Director of Financial Planning at the Massachusetts Bay Transportation Authority for over 10 years. Mr. Rust received a B.A. in economics from the University of Massachusetts at Boston and a joint master’s degree in public policy and urban planning from Harvard University’s Kennedy School of Government and Graduate School of Design and is a Series 65 Licensed Registered Financial Advisor.

Theresa Flynn
Gubernatorial Appointment

Theresa Flynn is a Partner with Brown & Brown; an employee benefits advisory firm. She has over 25 years of experience in employee benefits consulting including expertise in health benefit design, employee engagement strategies, compliance, financial analysis, and the integration of benefit programs following mergers and acquisitions. Theresa is also a member of the Board of Directors for the New England Employee Benefits Council and an elected member of the Select Board for the Town of Shrewsbury, Massachusetts.

Michael C. Tow, CFP
Treasurer Appointment

Certified Financial Planner™ practitioner Michael Tow is President and Founder of New Boston Financial. He has an extensive background in personal finance. For over 25 years, he has been managing investments and personal finances for families and individuals.

2024 Board Meetings

DateNotice & AgendaMinutesMaterials
03/14/2024Notice & AgendaMinutesPRIM Presentation
06/13/2024Notice & AgendaMinutesPRIM Presentation
09/12/2024Notice & Agenda PRIM Presentation
12/12/2024TBD  

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