The Pennsylvania Municipal Retirement System (PMRS) was established in 1974 to provide cost-effective retirement pensions for local government municipalities, authorities, and institutions. Any Pennsylvania county, city, town, township, borough, municipal authority, or institution supported or maintained by a municipality may participate. Based in Harrisburg, Pennsylvania, PMRS is governed by an 11-member board of trustees who are responsible for the organization and administration of the pension system, offering oversight for the system’s investments.
As one of the largest single administrators of Pennsylvania local government plans, PMRS administers more than 1,000 pension plans and serves approximately 16,000 active and retired members. Our members include police officers and firefighters, non-uniform employees and librarians, utility and road crew workers, and union and non-union employees.
PMRS helps secure the future retirement of local government employees by providing comprehensive, cost-efficient, pension administration services, and plans. Plan benefits are determined by the employer in accordance with federal guidelines and state law. Our pension plans are flexible and may be tailored to meet the needs of the employers and their employees. Our plans include a defined benefit and cash balance options that may be used in combination or as standalone benefits.
Our system assets total more than $3 billion. These assets are allocated in a diverse mix of investments including cash, stocks, corporate and governmental bonds, and real assets. PMRS places great emphasis on the quality of investments, consistency of return, and adding value to the municipal plan assets while placing them at minimum risk.
The Pennsylvania Municipal Retirement Board and PMRS staff thank our member municipalities for their continued support and welcome your feedback.