ABOUT US
CBERA
The Cooperative Banks Employees Retirement Association (CBERA) was established in January 1946 to administer the pension programs for the employees of the Massachusetts cooperative bank industry. Today CBERA serves not only cooperative banks but all financial institutions.
The primary mission of CBERA is to support the retirement needs of member employers and their employees. This is accomplished through the sound administration of our pension plans in an affordable manner, the prudent investing of retirement funds held under trust, and guiding participants and HR personnel to desired retirement outcomes.
Our Team
Chantal Bray,
President and CEO
Chantal joined CBERA in September 2022 as President & CEO-Elect and became President & CEO in January 2023. Chantal has over twenty-five years of experience in the global retirement industry in roles spanning pension administration, actuarial consulting, pension and insurance risk management, corporate strategy, M&A and Board Director for firms such as Principal Financial Group, Mercer, ING, HSBC and MassMutual in 7 countries across the globe.
G. Kevin Fox,
Vice President
Kevin was hired as Vice President in June 1997. As the Association's chief operating officer, he oversees the daily operations of the Association including government filings and testings. He serves as the primary contact for CBERA's relationship with T. Rowe Price, coordinating the transfer of all information among the member employers, the Association and T. Rowe Price. Prior to joining CBERA, Kevin was a Team Leader/Client Manager at Massachusetts Financial Services (MFS).
Terry Penta,
Benefits Specialist
Terry joined the Association in November 1997 from J.L. Hammett Company, where she worked as a Marketing Coordinator. She received her B.S. in Management Science from Bridgewater State College, and has completed the certificate program in Pension Administration at Bentley College. Her responsibilities include acting as the primary administrative contact for several of the Association's member employers, acting as primary contact for pensioners as well as planning events for the Association.
Jennifer Wojcik,
Benefits Specialist
Jennifer joined the Association in March 2007 from Massachusetts Financial Services (MFS). She has extensive experience in defined contribution and defined benefit administration and compliance. Her primary responsibilities include working with several of CBERA's member employers as well as with the Association's Vice President on compliance issues. She received her B.S. degree from Nichols College.
Mary Sue Spain,
Benefits Specialist
Mary Sue joined the Association in July, 2007. Mary Sue's work experience includes 15 years of defined contribution administrative responsibility at CitiStreet and State Street Bank. During her years at State Street, her duties included implementation, risk management and compliance. Her primary responsibilities currently include working with several of CBERA's member employers, designing and maintenance of the Association's forms and acting as primary contact for non-periodic distributions with Bank of New York Mellon.
Board of Directors
Joseph De Vito
President & CEO
The Village Bank
Andrew Raczka
President & CEO
Abington Bank
Patrick Thorpe
President & CEO
BankGloucester
Michael Jones
President & CEO
Institution for Savings
John Citrano
COO, CFO and EVP
Everett Bank
Michael Culhane
President & CEO
North Cambridge Cooperative Bank
Thomas Mortimer, Chair
President & CEO
Haverhill Bank
Edward Doherty. Jr.
CEO
StonehamBank
Anthony Patti
EVP CFO/Treasurer
Reading Cooperative Bank
Kevin Tierney,
Sr. CEO
North Shore Bank
Rosemary Picard
President & CEO
Savers Bank