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Comprehensive Municipal Pension Trust Fund
Function:
In 1984 the Pennsylvania Legislature passed Act 205, The Municipal Pension Plan Funding Standard and Recovery Act.The purpose of this Act was to stop the increase in unfunded liabilities of municipal pension plans and to establish a program to make these plans solvent.The Comprehensive Board was forced to pool the assets of police, fire, and municipal plans in order to achieve administrative savings and greater investment earnings.This Board consists of seven members: the Mayor, three members elected by the Police, Fire and Municipal Pension Plans, and three appointees.
Governing Documents:
Pittsburgh Code Title One, Article IX, Ch. 176 (1986)
By-laws of the CMPTF Board of Trustees (1987)
Board Makeup:
- 7 members
- 4 Appointed by Mayor of Pittsburgh; confirmed by City Council
- 1 elected by Police Union
- 1 elected by Fire Union
- 1 elected by active Municipal Pension employees
Board Members:
- Mayor Luke Ravenstahl (Mayor)
- Solicitor George Spector (Mayor)
- Chief Michael Huss (Mayor)
- Councilman Douglas Shields (Mayor)
- Rich Ruffolo (Based on Police Union elections)
- Term dependent on union election
- Joseph King (Based on Fire Union elections)
- Term dependent on union election
- Ian Frankel (Based on active Municipal Pension employee elections)
- Term dependent on election
Residency Requirements:
- Must be from managing board of one of the City's pension plans.
Compensation:
None.
Meetings:
Typically the fourth Thursday of February, May, August, and November.
- For 2007: February 22, May 24, August 23, November 29
Contact Info:
This information will be posted shortly.
Annual CMPTF Newsletter (pdf format):
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