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Northampton Township Pension Fund
Northampton Township Pension Fund operates out of Richboro, Pennsylvania, serving as the retirement system for the township's municipal employees.
Northampton Township Pension Fund
Northampton Township Pension Fund operates out of Richboro, Pennsylvania, serving as the retirement system for the township's municipal employees. The fund governs separate plans for police and non-uniformed workers, a common bifurcation in Pennsylvania's municipal pension landscape that creates independent funding schedules and actuarial assumptions for each employee group. Board Vice-Chairman Barry Moore serves as the direct liaison to the Pension Committee, making elected officials both fiduciaries and political stakeholders in the fund's health. The fund's investment posture reflects its scale — a sub-$100M pool operating under Pennsylvania's Act 205 municipal pension framework, which mandates minimum municipal contributions tied to actuarial reporting. Asset allocation is not publicly detailed but typically for funds of this size and type includes public equities and fixed-income components, with limited alternatives exposure given governance constraints. The township participates in the Bucks County Consortium, a regional cooperative for municipal procurement that likely extends to shared-service evaluations for actuarial or investment consulting engagements. Pennsylvania's Department of the Auditor General maintains oversight of municipal pension plans through mandatory biennial filings, providing a public window into funded ratios and contribution adequacy. Township Manager Robert M. Pellegrino serves as Assistant Secretary to the board, bridging day-to-day administration with pension governance. The fund does not maintain an independent website or publish investment committee minutes online, reflecting the light public disclosure typical of Pennsylvania's second-tier municipal plans. The structural constraint worth noting is the board-liaison model itself: pension decisions flow through the elected Board of Supervisors rather than a standalone investment committee. This places pension governance alongside zoning, public safety, and township budgeting on the same agenda, making the fund's posture inherently responsive to local political cycles rather than institutional investment timelines.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
Richboro
Corporate office
Richboro, PA, United States
Principals
Adam M. Selisker
Chairman of the Board of Supervisors
Barry Moore
Vice-Chairman of the Board of Supervisors and Liaison to the Pension Committee
Robert M. Pellegrino
Township Manager and Assistant Secretary
Frequently asked questions
How is the Northampton Township Pension Fund governed?
The fund operates under the elected Board of Supervisors, with Vice-Chairman Barry Moore serving as the designated liaison to the Pension Committee. This board-liaison model places pension oversight directly on the same agenda as township zoning, budgeting, and public safety, making elected officials both fiduciaries and political stakeholders. Township Manager Robert M. Pellegrino serves as Assistant Secretary, bridging day-to-day administration with board-level governance.
Does the fund have separate plans for police and non-uniformed employees?
Yes. Northampton Township maintains distinct pension plans for police and non-uniformed personnel, a structure common across Pennsylvania municipalities. Each plan carries its own actuarial assumptions, funding schedule, and liability profile under Pennsylvania's Act 205 framework. A separate Non-Uniformed Money Purchase Pension Plan also operates alongside the defined-benefit structure.
How is the fund regulated under Pennsylvania law?
Pennsylvania's Act 205 governs municipal pension funding, requiring biennial actuarial valuations and minimum municipal contributions calculated from those reports. The Pennsylvania Department of the Auditor General reviews municipal plan filings and publishes funded-ratio data, creating a public oversight mechanism. Townships below certain funded thresholds face mandatory contribution increases.
What investment consultants or managers does the fund use?
Publicly available records do not name specific investment consultants, managers, or custodians retained by the Northampton Township Pension Fund. For Pennsylvania municipal plans of this scale, consulting relationships are often shared across participating municipalities through regional cooperatives such as the Bucks County Consortium, though no direct confirmation exists for this fund.
Can external managers pitch the fund?
Access is constrained by the board-liaison governance model: there is no standalone investment committee, no published RFP calendar, and no dedicated investment staff. OCIO or discretionary consultant arrangements, if they exist, would gate most third-party manager relationships. The best avenue would be through consultants known to serve southeastern Pennsylvania municipal plans.
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