MTA Board of Directors recommends Robert Brousseau for re-election to PRIM board
The MTA Board of Directors has recommended Robert Brousseau for re-election to a three-year term on the Pension Reserves Investment Management Board, or as it is commonly known, the PRIM Board. The nine-member PRIM Board acts as the trustee for each retirement system that invests in the Pension Reserve Investment Trust Fund (PRIT).
The PRIM Board has the responsibility for the control and management of the PRIT Fund, which includes retirement money for teachers. In 2013, the trust fund realized returns of 15.2% on assets of $57.9 billion.
Brousseau taught for 34 years and is a retired Wareham High School social studies teacher. First elected to the PRIM Board in 1987, he is the senior trustee, having represented teachers on the board for 27 years. He is the chair of the board’s Administration and Audit Committee.
Brousseau is also a longtime MTA activist who has served on the MTA Board of Directors and MTA Executive Committee, as well as MTA’s Candidate Recommendation Committee. He has been a presenter on pension issues at numerous MTA events, educating both active and retired members, and he has served as an appointed member of the National Retired Teachers Association’s Pension Roundtable.
Those eligible to vote in the election for the PRIM Board, including teachers who participate in the state retirement system, should receive their ballots in the mail by April 4. The ballots must be mailed back and received no later than 5 p.m. on May 5.