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Chris Gabrieli on Social Security


Invest state pension reserve in stock & bond portfolio

The Massachusetts Pension Reserve Investment Trust (PRIT) is an investment fund established to invest the assets of Massachusetts public employers. The PRIT Fund was created by the Legislature in 1983 and its goal is to reduce the Commonwealth's unfunded pension liability and to assist local communities in meeting their pension obligations. The net assets of the Fund currently total over $32 billion.

The Fund seeks to reduce the liability by investing these funds in a diversified portfolio of investments ranging from real estate to stocks and bonds, and international investments.

In 2003, working with State Treasurer Timothy Cahill, and a team of investment experts from McKinsey and Co. Chris led a project to determine whether the state pension fund could apply a small portion of its assets toward economic development projects in our Commonwealth without hurting investment performance or sacrificing returns.

Source: Campaign website,, "on the issues" Jun 4, 2006

Other governors on Social Security: Chris Gabrieli on other issues:
AK Frank Murkowski
AL Bob Riley
AR Mike Huckabee
AZ Janet Napolitano
CA Arnold Schwarzenegger
CO Bill Owens
CT Jodi Rell
DE Ruth Ann Minner
FL Jeb Bush
GA Sonny Perdue
HI Linda Lingle
IA Tom Vilsack
ID Dirk Kempthorne
IL Rod Blagojevich
IN Mitch Daniels
KS Kathleen Sebelius
KY Ernie Fletcher
LA Kathleen Blanco
MA Mitt Romney
MD Bob Ehrlich
ME John Baldacci
MI Jennifer Granholm
MN Tim Pawlenty
MO Matt Blunt
MS Haley Barbour
MT Brian Schweitzer
NC Mike Easley
ND John Hoeven
NE Dave Heineman
NH John Lynch
NJ Jon Corzine
NM Bill Richardson
NV Kenny Guinn
NY George Pataki
OH Bob Taft
OK Brad Henry
OR Ted Kulongoski
PA Ed Rendell
RI Don Carcieri
SC Mark Sanford
SD Mike Rounds
TN Phil Bredesen
TX Rick Perry
UT Jon Huntsman
VA Tim Kaine
VT Jim Douglas
WA Christine Gregoire
WI Jim Doyle
WV Joe Manchin III
WY Dave Freudenthal
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