Comprehensive Municipal Pension Trust Fund (CMPTF)
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.
Pittsburgh Code Title One, Article IX, Ch. 176 (1986)
Must be from managing board of one of the City's pension plans.
Typically the fourth Thursday of February, May, August, and November.