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Retirement Board and Staff

The Massachusetts Port Authority Employees’ Retirement System (MPAERS) is administered by a five-member board consisting of one ex-officio member, two elected members, one member appointed by Massport, and one member appointed by the four board members. The retirement staff manage the day-to-day operations of the MPAERS.


James S. Hoyte was elected to the MPAERS board in January 2015. He was Massport’s Secretary-Treasurer and Director of Administration and Finance when MPAERS was established in 1978. Jamie is currently of counsel to ADS Ventures, Inc. and in-house advisor to NorthBridge CRE Advisors. He was Massachusetts Secretary of Environmental Affairs (1983–1988) and chairman of the Massachusetts Water Resources Authority (1985–1988). From 1992 to 2009 Jamie served as associate vice president and lecturer in environmental sciences and public policy at Harvard University. He holds a Bachelor of Arts from Harvard College and a Juris Doctor from Harvard Law School. He is a member of the Massachusetts Bar Association.

Michael A. Grieco joined Massport in 1990. He was appointed Assistant Secretary-Treasurer in 1993 and served in that position for more than 28 years until his retirement from Massport in 2022. He has served as a member of the MPAERS board since 1996 and as Vice-Chair of the MPAERS board since 2009. He holds a Bachelor of Science in finance from Boston College, and Juris Doctor and Master of Business Administration degrees from Suffolk University. Michael is also a member of the Massachusetts Bar Association.

John P. Pranckevicius is Massport’s Chief Financial Officer and Secretary-Treasurer since 2007. John oversees Massport’s financial responsibilities, including treasury, budgeting, accounting, finance, and debt and risk management. Additionally, John serves as Treasurer-Custodian over $850 million in invested assets for Massport’s employee pension and retiree health care programs.  Prior to joining Massport, John served in various financial roles in the City of Worcester, most recently as the city’s chief financial officer. John is a licensed certified public accountant in the Commonwealth and earned his bachelor’s degree in political science and his master’s degree in public administration from the University of Maine. He holds a master’s degree in accounting from Bentley University.

Betsy Taylor was elected as an employee representative to the MPAERS board in 2013. She joined Massport in 1978 and has held a variety of financial positions. Prior to her retirement on April 1, 2015, Betsy held the position of Massport’s Director of Finance and Treasury and was responsible for issuing Massport’s debt and managing its $800 million cash portfolio. She previously worked at the University of Massachusetts, Smith College, and Lesley College. She holds a Bachelor of Arts from Oberlin College and a Master of Business Administration from Stanford University.

Jon G. Turco has been employed at Massport for 30 years. Throughout Jon’s time at Massport, he has been a proud member of Teamsters Local 25. He serves on the Peabody City Council, where he is currently serving his eighth year. He is also serving his fifth year on the Council Finance Committee that oversees a $170 million budget. Jon was elected as an employee representative to the MPAERS board in April 2023.


Irene E. Moran joined MPAERS in 1995 as Retirement Board Assistant. She was promoted to the Director of Retirement position in 1997. Prior to her employment at Massport, Irene worked as a support manager for DataNational Corporation. She holds a Bachelor of Arts from the University of New Hampshire.

Laura S. Barbosa joined MPAERS in 1997 as Retirement Board Coordinator, and currently holds the position of Retirement Member Services Specialist. Prior to that, Laura worked in both the Accounts Payable and Payroll departments at Massport. Laura participated in the Massport mentoring program in 1999, and received a Massport Outstanding Achievement Award in 2007.

Nancy Bournival joined MPAERS in 1996 as Retirement Board Accountant. She currently holds the position of MPAERS Controller. Prior to joining Massport, she was an auditor for State Street Bank & Trust. She earned a Bachelor of Science in business administration from Suffolk University.

Jan M. Coen joined MPAERS in 2022 as Retirement Board Coordinator. Jan has served in multiple roles at the Massachusetts State Retirement Board, the Essex Regional Retirement System, and the Massachusetts Judges Conference. She previously worked at Massport from 1994 to 2005 in the Office of Community Relations and Government Affairs.