Paul Shanley
Paul Shanley, Director of Professional Liability, has more than thirty years of experience in
all phases of public pension plans and is responsible for the coordination and placement of
the Fiduciary and Fidelity insurance coverage for the majority of public pension systems in
the Commonwealth of Massachusetts. In addition, Paul provides Fiduciary and Fidelity
coverage individually for the Boston, MBTA, Middlesex County, Cambridge, Brockton and
Chelsea retirement Systems.
Paul is the former Deputy State Treasurer/General Counsel for Massachusetts; as such he
represented the State Retirement Board in hundreds of administrative appeals, and numerous
Superior Court cases including two where he presented to the Massachusetts Supreme Judicial
Court. He also served as the State Treasurer’s designee as Chairman of the State Retirement
Board and served on the transition team that implemented the prudent man rule for the
investment program of the State and Teachers Retirement Systems – now known as the Pension
Reserve Investment Management Board (PRIM).
He received both his Bachelor of Science and Master’s degrees from Boston State College and
his juris doctor from Suffolk Law School.
Paul is a Trustee of the Pension Reserve Investment Management Board and volunteers with his
church. He has twice traveled to Haiti to perform volunteer efforts with the St. Boniface
Foundation.
A resident of Everett, MA, Paul and his wife Gail have three grown children and several
grandsons.