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Luzerne County Employees' Retirement Plan & Trust
The Luzerne County Employees' Retirement Plan & Trust was established in 1942 as a contributory, defined-benefit plan for Luzerne County, Pennsylvania...
Luzerne County Employees' Retirement Plan & Trust
The Luzerne County Employees' Retirement Plan & Trust was established in 1942 as a contributory, defined-benefit plan for Luzerne County, Pennsylvania employees, excluding part-time workers. The Retirement Board is chaired by John Lombardo and includes County Manager Romilda Crocamo and Budget Finance Division Head Mary Roselle among its public-sector representatives, while Eugene Gurnari serves as the employee representative and Richard R. Hummer coordinates pension administration. The plan's investment strategy spans public and private markets, with confirmed allocations to buyout, distressed debt, early-stage and late-stage venture, fund-of-funds structures, and secondaries. Its only publicly identified participating employer beyond the county itself is the Wilkes-Barre/Scranton International Airport, which places airport personnel within the same retirement pool. No direct deal names or specific co-investment counterparties appear in available public documents. Altss estimates total pension trust fund assets at roughly $293 million, though the plan has not published a current audited AUM figure. The board structure reveals no dedicated CIO or internal investment staff beyond the pension coordinator role — a governance posture that materially shapes how external manager selection, fund commitments, and co-investment decisions are executed. All investment oversight flows through a five-member board composed of county officials and one employee representative. This board composition creates a distinct structural footprint: investment decisions sit with elected and appointed county officials who simultaneously manage the county's operating budget, elections, and public-safety functions. The pension fund operates without a separate investment committee or external OCIO disclosed in public records, concentrating fiduciary and administrative authority inside Luzerne County's general governance structure rather than a dedicated investment office.
General information
Firm type
Pension Fund
Year founded
1942
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Wilkes-Barre
Corporate office
Wilkes-Barre, PA, United States
Principals
John Lombardo
Retirement Board Chair
Chris Belles
Retirement Board Vice Chair
Romilda Crocamo
Luzerne County Manager
Mary Roselle
Luzerne County Budget Finance Division Head
Eugene Gurnari
Employee Representative
Richard R. Hummer
Pension Coordinator
Sector focus
Frequently asked questions
Who is responsible for investment decisions at the Luzerne County Employees' Retirement Plan & Trust?
The five-member Retirement Board holds investment authority. Chair John Lombardo leads the board, which includes County Manager Romilda Crocamo, Budget Finance Division Head Mary Roselle, and employee representative Eugene Gurnari. No separate chief investment officer or investment committee is disclosed in public records.
What asset classes does the plan invest in?
The plan allocates across buyout, distressed debt, early-stage and late-stage venture capital, fund-of-funds structures, and secondaries. No specific publicly disclosed breakdown of percentage allocations to each asset class is available.
Does the plan manage investments internally or use external managers?
The plan's staffing structure — a pension coordinator and a board of county officials — indicates it relies on external managers and fund commitments rather than an internal investment team. No public record identifies a direct-hire CIO or internal analyst staff.
What employers participate in the pension plan beyond Luzerne County itself?
The only publicly disclosed participating employer outside Luzerne County government is the Wilkes-Barre/Scranton International Airport. No additional municipal authorities or agencies are identified in available records.
How is the pension fund governed relative to the county's general operations?
The Retirement Board includes the County Manager and the Budget Finance Division Head, meaning the same officials who oversee the county's annual operating budget and administration also direct pension investment decisions. No separate investment committee or outsourced chief investment officer relationship is disclosed publicly.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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