# Luzerne County Employees' Retirement Plan & Trust

Luzerne County Employees' Retirement Plan & Trust is a Public Pension Fund based in Wilkes-Barre, United States.

## Overview

- **Organization type:** Public Pension Fund
- **Headquarters:** Wilkes-Barre, United States
- **Region:** North America
- **Address:** 20 North Pennsylvania Boulevard Suite 215F, Wilkes-Barre, Pennsylvania, United States
- **Founded:** 1942
- **Assets under management:** 293 (Altss estimate)
- **Website:** www.luzernecounty.org

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Buyout
- Distressed Debt
- Early Stage
- Late Stage
- Fund of Funds
- Secondaries & Special Situations
- Venture Capital

## People

- 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

## Questions

### Who runs investment decisions at Luzerne County Employees' Retirement Plan & Trust?

The Retirement Board sets policy. John Lombardo serves as chair and Chris Belles as vice chair. Morgan Stanley provides day-to-day advisory support through Richard J. Hazzouri.

### Does Luzerne County Employees' Retirement Plan & Trust participate in fund commitments or only direct deals?

The plan invests through fund vehicles. Holdings include limited partnership interests in Hamilton Lane Private Markets Opportunity Fund LP, Blue Owl Capital and Blackstone funds.

### What investment stages does Luzerne County Employees' Retirement Plan & Trust target?

The plan allocates across buyout, distressed debt, early-stage venture, expansion and secondaries strategies according to its documented focus areas.

### How is Luzerne County Employees' Retirement Plan & Trust related to participating employers?

Wilkes-Barre/Scranton International Airport and other county entities participate as contributing employers. The plan covers their eligible full-time staff.

## Related profiles

- [Goucher College](https://altss.com/profile/goucher-college)
- [UC Riverside Foundation](https://altss.com/profile/uc-riverside-foundation)

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Last updated: 2026-07-06T00:35:46.977Z

Canonical page: https://altss.com/profile/luzerne-county-employees-retirement-plan-trust

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