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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.