# City of Bridgeport Pension Trust Funds

City of Bridgeport Pension Trust Funds is a Pension Fund based in Bridgeport, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Bridgeport, United States
- **Region:** North America
- **Address:** Bridgeport, CT, United States
- **Assets under management:** $350M–$360M (Altss estimate)
- **Website:** bridgeportct.gov

## Regulatory record

- **Reports private funds:** No

## About

The City of Bridgeport Pension Trust Funds constitute the retirement system for municipal workers in Connecticut's largest city. The structure includes Public Safety Plan A, Police Retirement Plan B, Firefighters' Retirement Plan B, the Janitors and Engineers Retirement Fund, and a Survivor's Benefits/Widow's Pension Fund. Mayor Joseph P. Ganim holds ultimate appointment authority for the pension boards, while Finance Director Kenneth Flatto acts as a trustee and oversight official. Investment strategy is governed by separate boards for each plan. Plan B, covering police and fire, operates under its own Board of Trustees, currently led by President Jonathan Klein, with James Buck as Treasurer and James Meszoros and Robert D. Russo serving as trustees alongside their Fire Commission roles. The funds allocate across traditional institutional asset classes typical of municipal defined-benefit plans, though specific manager line-ups and asset-class weightings are not publicly detailed by the city. Cash holdings are visible through Fidelity money market instruments (FDRXX/FZFXX). Altss estimates aggregate assets across the plans at approximately $350M to $360M, placing the system among Connecticut's mid-sized municipal pension pools. The city's fiduciary governance operates under Connecticut state statutes governing municipal retirement systems, with investment decisions made through board votes rather than by a single CIO or external OCIO — a structure common in older New England municipalities where union and city representation share trustee seats. Unlike consolidated state-level systems, Bridgeport's pension architecture distributes authority across multiple boards, each with distinct trustee compositions. This fragmentation shapes everything from manager selection timelines to fee negotiation leverage — the system acts less like a single $350M investor and more like a cluster of smaller pools operating under shared city oversight.

## People

- Kenneth Flatto — Finance Director, City of Bridgeport

## Questions

### Who makes investment decisions for the Bridgeport pension funds?

Each pension plan operates under its own Board of Trustees. Plan B, covering police and fire, is led by President Jonathan Klein with James Buck as Treasurer. Finance Director Kenneth Flatto serves as a trustee and oversight official across the system. Mayor Joseph P. Ganim holds appointment authority for board members.

### How many separate pension plans does Bridgeport maintain?

The city administers five distinct trust funds: Public Safety Plan A, Police Retirement Plan B, Firefighters' Retirement Plan B, the Janitors and Engineers Retirement Fund, and a Survivor's Benefits/Widow's Pension Fund. Each operates with separate governance structures and board representation.

### What is the total size of Bridgeport's pension assets?

The city does not publicly disclose a consolidated AUM figure. Altss estimates aggregate assets across all five plans at approximately $350M to $360M based on available public filings and Connecticut municipal reporting patterns.

### Does Bridgeport use an external OCIO or investment consultant?

The city's pension governance structure relies on trustee-directed investment decisions made at the board level. Whether an external investment consultant or outsourced chief investment officer is retained is not publicly detailed in readily available city communications.

### Are Bridgeport's pension plans fully funded?

Like many legacy municipal systems in the Northeast, Bridgeport's plans have faced funding challenges. Specific funded-ratio figures are published through Connecticut's municipal reporting requirements and actuarial valuations filed with the state, though current percentages are not maintained in a single city dashboard.

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/city-of-bridgeport-pension-trust-funds

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology