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Yes, they are maintained as part of the overall police pension assets.
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These are the figures as of the 1/1/17 Act 2015 Study
The ideal proposer will provide a team consisting of and Investment Manager or Actuary with at least 10 clients each with assets of $50 million and an entire team of investment manager/actuarial and custodial service providers with a total of 100 municipal clients and assets of at least $100 million.
It is preferred that at least 10 of the total number of clients be located in Allegheny, Beaver, Butler and Washington Counties. The team must meet the requirements for on-site meetings regardless of the number of clients located in the 4- county area. A list of all Pennsylvania municipal pension clients must be provided.
Employees contribute 2.5% and Township contributes 7.0%.
No, investments are determined by the approved Investment Policy Statement for the Non-Uniform Plan.
Quarterly Statements for just employee accounts. The Township should be provided with an aggregate or summary report.
No. Bundled solution.
Single Aggregated investment portfolio.
See samples provided.
Investments decisions are made by the Trustee through strict adherence to the investment policy statement.
Please note that the current investment policy statement has been included in the list of documents and no changes would occur without further discussion with the Pension Board.
The expectation is for an investment advisor to meet with employees who are in the process of retiring to simply explain the benefit options so that the retiring employee can make an informed decision. The township desires that its retires are informed of the various products that are available upon retirement and the advisor should make available information regarding these potential investment options but at no time should recommendations be made.
No, that would not disqualify you from the RFP process.
One of the mail services such as Fed Ex or UPS is acceptable as an alternative to the US Mail
We would want that allocation to occur at least on a quarterly basis. Please keep in mind that we are submitting employee contributions on a monthly basis currently