Town of North Haven Employees' Pension Plan

Town of North Haven Employees' Pension Plan

The Town of North Haven Employees' Pension Plan serves police personnel of a suburban New Haven community of roughly 24,000 residents. Governed by the town's Board of Selectmen and Board of Finance, the plan reflects the classic architecture of Connecticut municipal retirement systems: part of a broader Pension Trust Fund, administered by elected and appointed town officials rather than a standalone investment office. First Selectman Michael Freda and Second Selectman William Pieper sit ex officio on the relevant oversight bodies. The plan maintains a conservative, trustee-directed investment posture typical of small municipal funds in Connecticut. Asset allocation, while not publicly itemized, is likely concentrated in fixed income, domestic equities, and commingled state-managed vehicles. The plan does not appear to pursue direct private equity, venture capital, or co-investment programs. Instead, it operates through the Town of North Haven's consolidated Pension Trust Fund, pooling assets with other town employee groups to achieve necessary scale. The fund has not publicly disclosed its full investment lineup, external managers, or recent performance. Pension Board members include Police Chief Kevin Glenn and other town officials who oversee actuarial assumptions and benefit administration alongside any investment decisions. The plan participates in the Quinnipiac Chamber of Commerce and Greater New Haven Chamber of Commerce through its sponsoring municipality, maintaining local institutional ties rather than a direct allocator presence. No recent commitments, manager searches, or asset-allocation changes have been publicly documented. The plan's structural distinction is its embeddedness within general town governance. There is no separate pension investment committee publishing meeting minutes, no dedicated CIO or consultant relationships visible in public records, and no track record of direct alternatives commitments. For an institutional allocator evaluating Connecticut public plans, North Haven represents the hyper-local tier — where pension management is a municipal administrative function rather than a professionalized investment operation.