Annual report

Public Employee Retirement Administration Commission · from Mass.gov · 1 page · 166 KB
open the file ↗ · original at the source ↗

| 2021 Annual Report | 115 
GLOBAL EQUITY 41.7%
PRIVATE EQUITY 16.6%
15.1% CORE FIXED INCOME
8.7% REAL ESTATE
7.8% PORT. COMP. STRATEGIES
6.5% VALUE ADDED FIXED INCOME
2.9% TIMBERLAND 
$106.2 M 20.39% 10.84% 9.13% 
Market Value 2021 Returns 2012-2021
(Annualized) 1985-2021
(Annualized) 
-5%
0%
5%
10%
15%
20%
25%
17 18 19 20 21 17-21 85-21 
Winthrop 
0%
20%
40%
60%
80%
100%
87 89 91 93 95 97 99 01 03 05 07 09 11 13 15 17 19 21 
6.75% 
Assumed Rate
of Return 
92.7% 
Funded Ratio 
2026 
Fully Funded 
Level
Appropriation 
Funding Schedule 
$6.5 M 
Unfunded Liability 
$3.9 M 
(FY2022) 
Total Pension
Appropriation 
CONTACT INFORMATION 
Town Hall
1 Metcalf Square
Winthrop, MA 02152
Phone 617-539-5750 
BOARD MEMBERS 
Terence Delehanty
James Feeley
Dennis Boudrow
Karin Chavis
*indicates Chairperson 
BOARD ADMINISTRATOR 
Michelle Church 
SYSTEM MEMBERS 
Active Members ..........251
Total Payroll ..........$13.0 M
Average Salary .....$51,800
Average Age ..................49
Average Service .........11.4
Retired Members .........193 
Benefits Paid ..........$4.8 M 
Average Benefit ....$24,900
Average Age ..................75 
2020 EARNED INCOME
OF DISABILITY RETIREES: 
Disability Retirees ..........11
Reported Earnings ..........2
Excess Earners ................1
Refund Due ..........$31,906
Last Valuation: 1/1/21
Actuary: PERAC 
Click/Scan for Website 
Investment Returns 
(2017-2021, 5-Year & 37-Year Averages, as of 12/31/21) 
Funded Ratio History (1987-2021) 
Asset Allocation (12/31/21)