State Retiree Benefits Trust Fund (SRBTF)

State Retiree Benefits Trust Fund

Oversees the administration and investment management of funds set aside by the Commonwealth and participating local governmental entities to address the liability associated with their retiree health care costs.


One Ashburton Place, 12th Floor, Boston, MA 02108


Who we serve

SRBTF primarily serves the Commonwealth, municipalities and other governmental entities that elect to invest funds earmarked for retiree health insurance costs with the Massachusetts Pension Reserves Investment Management Board (PRIM). Through careful supervision and prudent investing of these funds by PRIM, participating municipalities and governmental entities are working towards funding post-employment benefits for thousands of former public employees who retire.

Investing with SRBTF

Paul Todisco
Senior Client Services Officer
Pension Reserves Investment Management Board
84 State Street, 2nd Floor
Boston, MA 02109

Board Members

Joseph E. Connarton
Public Employee Retirement Commission

Terrence Finn
Gubernatorial Appointment

Deborah Goldberg
Treasurer and Receiver General

Dr. Roberta Herman
Group Insurance Commission

Michael Heffernan
Secretary of Administration and Finance

Thomas G. Shack III, Esq.

Michael C. Tow, CFP
Treasurer Appointment


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