The Plymouth Retirement Board, which has the sole authority and responsibility for investing the funds and administering the benefits of the Plymouth Retirement System, is a separate and distinct entity from the Town of Plymouth. The System has its own assets and liabilities, and prudently invests the funds of the System so as to eliminate its unfunded liability pursuant to a state approved funding schedule. It is the Board's mission to oversee and effectively invest the funds of the System, and to provide benefits to the members and beneficiaries of the System consistent with the provisions of M.G.L. c. 32.