Office of Mayor William Peduto
Comprehensive Municipal Pension Trust Fund (CMPTF)

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.

Governing Documents

CMPTF Investment Policy

Pittsburgh Code Title One, Article IX, Ch. 176 (1986)
By-laws of the CMPTF Board of Trustees (1987)

Appointment Guidelines

  • 7 members
    • 2 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
    • 1 City Council President
    • 1 City Controller

Members

  • Mayor Luke Ravenstahl (Mayor)
    Term Expires 12/31/2013
  • City Controller Michael Lamb (City Code)
    Term Expires 12/31/2015
  • Chief Michael Huss (Mayor)
    Term expires 12/31/2013
  • Councilman Darlene Harris (City Code)
    Term expires 12/31/2013
  • Rich Ruffolo (Based on Police Union elections)
    Term dependent on election
  • Joseph King (Based on Fire Union elections)
    Term dependent on 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.

Contact Information

Website

The Office of Mayor William Peduto
512 City County Building, 414 Grant Street, Pittsburgh, PA 15219
Phone: 412-255-2626

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