What is MRT?
The MRT is a comprehensive, professionally managed pension program, specifically designed to meet the unique investment and administrative needs of municipal government. The overall investment design of the MRT promotes an effective risk posture, while maximizing growth potential and containing costs.
Nearly 40 years ago, the Pennsylvania State Association of Boroughs recognized that its membership faced numerous challenges in meeting the pension needs of their employees. In response to these conditions, the association took the initiative to create a state-of-the-art pension program for all local governments.
The goal was to develop a pension program that would provide first-class investments, ease the administrative burden on the local governments, and be affordable. The Municipal Retirement Trust (MRT) meets these goals and now serves over 200 municipal governments.
The MRT is based in Harrisburg, yet our staff regularly visits counties across the Commonwealth. The staff takes great pride in its ability to communicate with municipalities and the employees that are served under the plan. Our team strives to educate local governments on new services and regulatory changes that could impact the bottom line. Once a municipality joins the MRT, the relationship becomes a partnership that is built on professionalism and trust.