# Municipality of Murrysville Combined Pension Plan Municipality of Murrysville Combined Pension Plan is a Pension Fund based in Murrysville, United States. ## Overview - **Organization type:** Pension Fund - **Headquarters:** Murrysville, United States - **Region:** North America - **Address:** Murrysville, PA, United States - **Founded:** 2010 - **Assets under management:** ~$30M (Altss estimate) - **Website:** murrysville.com ## Regulatory record - **Reports private funds:** No ## About The Municipality of Murrysville Combined Pension Plan was formed in 2010 to administer retirement, health insurance, and related benefits for full-time police officers and non-uniformed employees of Murrysville, Pennsylvania. The plan operates under a municipal governance structure, with the Murrysville Council holding final appropriations authority and an Investment Management Committee — standing members include Chief Administrator Michael Nestico and Director of Finance Jacie Milchak — carrying out day-to-day fiduciary oversight. Its asset pool draws from local property-tax and state-aid revenue streams typical of Pennsylvania's second-class townships, not a single industrial or entrepreneurial wealth event. The plan's investment strategy spans public-market securities and a dedicated allocation to alternative assets, most notably private real estate and private equity accessed through Hamilton Lane (per Altss research). Directly held real assets include the Murrysville Municipal Building, the Community Center on Carson Avenue, and a portfolio of municipal parkland — Bear Hollow, Pedora, Chambers, and others — that doubles as both civic infrastructure and a long-duration land book. The plan's investment management committee blends elected and appointed officials: council member Eli Diacopoulos sits on the Pension Committee alongside finance committee appointees Larry Schultz and Mark Miller. Council President Dayne Dice presides over the body that ultimately ratifies the Investment Policy Statement. No dedicated in-house investment staff is disclosed; administrative functions fall to the Chief Administrator and Director of Finance. The plan maintains professional affiliations with the Government Finance Officers Association of Pennsylvania and participates in the Southwestern Pennsylvania Commission, a regional planning body, which provides some peer-network exposure to governance and asset-allocation norms among similarly sized municipal funds. Structurally, the Murrysville plan is a classic Pennsylvania municipal defined-benefit pool — fragmented, locally governed, and reliant on external consultants or fund-of-funds relationships for private-market access. Its Hamilton Lane relationship provides a bridge to institutional-quality alternatives that the plan could not underwrite internally. The key differentiator is the embedded real-estate footprint: a land portfolio anchored by municipal facilities and nine named parks creates an unusual on-balance-sheet real-asset layer that most comparably sized pension funds do not carry. ## Sectors - Real Estate ## People - Michael Nestico — Chief Administrator - Jacie Milchak — Director of Finance - Dayne Dice — Council President - Eli Diacopoulos — Pension Committee Member - Larry Schultz — Finance Committee Member, Pension Plan Investment Management Committee - Mark Miller — Finance Committee Member, Pension Plan Investment Management Committee ## Questions ### Who runs investment decisions at the Murrysville Combined Pension Plan? A Pension Plan Investment Management Committee — whose standing members include Chief Administrator Michael Nestico and Director of Finance Jacie Milchak — handles investment oversight, with final authority resting with the Murrysville Municipal Council. Additional committee members include council representative Eli Diacopoulos and finance committee appointees Larry Schultz and Mark Miller. The plan has no dedicated internal investment staff; administrative functions are absorbed by the municipality's senior management. ### Does the Murrysville Combined Pension Plan hold direct real estate? Yes. Beyond any securitized real estate exposure through Hamilton Lane, the plan carries a directly held portfolio of municipal buildings and nine named parks: Bear Hollow, Pedora, Chambers, Roberts, Townsend, Stayman, Duff, Kovalczik, and Murrysville Community Park. The Community Center on Carson Avenue and the Municipal Building on Sardis Road also sit on the plan's balance sheet. This real-asset base functions as both community infrastructure and long-duration land holdings. ### What employee groups are covered by the plan? The plan covers two cohorts: full-time police officers and non-uniformed municipal employees of the Municipality of Murrysville. It provides defined-benefit pensions, retiree health insurance, and other post-employment benefits mandated under Pennsylvania municipal code. The 2010 consolidation brought previously separate benefit structures under a single combined trust. ### Is the Murrysville Combined Pension Plan a state-level or local fund? It is a local municipal pension fund, governed by the Municipality of Murrysville Council under Pennsylvania's statutes for second-class townships. It is entirely separate from the Pennsylvania State Employees' Retirement System and the Pennsylvania Municipal Retirement System, though it operates under the same commonwealth regulatory framework. ### How is the plan's governance structured? A four-layer governance model: the elected Murrysville Municipal Council holds statutory authority and approves the Investment Policy Statement; a standing Investment Management Committee — mixing internal administration and appointed finance-committee members — executes oversight; the Chief Administrator and Director of Finance handle day-to-day administration; and Hamilton Lane serves as an external private-markets advisor. The council president for the current term is Dayne Dice. ## Related profiles - [McRae Investments](https://altss.com/profile/mcrae-investments) - [Plattsburgh Alumni Association](https://altss.com/profile/plattsburgh-alumni-association) --- Last updated: 2026-08-11T02:43:31.692Z Canonical page: https://altss.com/profile/municipality-of-murrysville-combined-pension-plan Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology