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West Virginia Municipal Police Officers & Firefighters Retirement System
Craig Slaughter CIO of West Virginia's first-responder pension, governed by a board chaired by Governor Jim Justice and the State Treasurer.
West Virginia Municipal Police Officers & Firefighters Retirement System
The West Virginia Municipal Police Officers & Firefighters Retirement System provides defined-benefit pensions to local first responders across the state. Assets are managed under the West Virginia Investment Management Board, with Executive Director and CIO Craig Slaughter responsible for day-to-day investment operations. The Board of Trustees includes Governor Jim Justice as Chairman and State Treasurer Riley Moore, making the governance chain unusually direct from elected officials to portfolio decisions. Investment strategy operates across public equities, fixed income, and real assets. The system maintains a dedicated real estate pool with a global mandate, alongside cash and equivalents positioned in domestic instruments. Public records indicate participation in Climate Action 100+, signaling engagement-oriented stewardship within the equity portfolio. Scale and team composition are not independently verifiable from public filings. The Municipal Pensions Oversight Board, chaired by Stephen G. Neddo, provides a separate layer of administrative governance distinct from the Investment Management Board that handles asset allocation. Governance architecture is the structural differentiator: the Governor chairs the entity that directs investment policy, blending political office with trustee responsibility in a configuration that places ultimate portfolio accountability at the state's highest elected level.
General information
Firm type
Pension Fund
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Charleston
Corporate office
Charleston, WV, United States
Principals
Craig Slaughter
Executive Director and Chief Investment Officer
Jim Justice
Governor of West Virginia and Chairman of the WVIMB Board of Trustees
Riley Moore
West Virginia State Treasurer and Trustee of the WVIMB
Stephen G. Neddo
Chairman of the Municipal Pensions Oversight Board
Sector focus
Frequently asked questions
Who runs investment decisions at the West Virginia Municipal Police Officers & Firefighters Retirement System?
Day-to-day investment management is handled by the West Virginia Investment Management Board, led by Executive Director and Chief Investment Officer Craig Slaughter. The Board of Trustees, chaired by Governor Jim Justice and including State Treasurer Riley Moore, sets overall policy and approves asset allocation.
How does the governance structure affect investment oversight?
The Governor of West Virginia serves as Chairman of the Board of Trustees, with the State Treasurer also holding a trustee seat. This places ultimate fiduciary authority with statewide elected officials, creating a direct line of political accountability for pension investment outcomes.
What is the relationship between this system and the West Virginia Investment Management Board?
The Municipal Police Officers & Firefighters Retirement System is one of the asset pools managed by the West Virginia Investment Management Board. The Board handles investment operations across multiple state retirement systems, providing pooled management infrastructure.
Does the fund incorporate environmental or governance criteria into investment decisions?
The West Virginia Investment Management Board participates in Climate Action 100+, an investor engagement initiative focused on greenhouse gas emissions and climate-related financial disclosure at portfolio companies. This suggests stewardship activity within the public equity portfolio.
What is the Municipal Pensions Oversight Board, and how does it relate to investments?
The Municipal Pensions Oversight Board, chaired by Stephen G. Neddo, provides administrative oversight of municipal pension systems including the police and fire fund. It operates separately from the Investment Management Board, which handles actual portfolio management under its own governance structure.
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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