Clarion Area Jobs

Community Partner

Want to post an ad on exploreClarion?

Contact us today at 814-918-2003 or email info@exploreClarion.com.

Featured Local Business: Clarion Federal Credit Union

  • Clarion Federal Credit Union
    144 Holiday Inn Road
    Clarion, PA 16214
    814-226-5032
    View Website

 Powered by Max Banner Ads 

 Powered by Max Banner Ads 

Free Classifieds


 Powered by Max Banner Ads 

 Powered by Max Banner Ads 

Countdown Clock Brought to You by
H&R Block- Carol Porter


 Powered by Max Banner Ads 

exploreClarion.com Contest Winners


 Powered by Max Banner Ads 

Explore New Sponsor Spotlight


 Powered by Max Banner Ads 

 Powered by Max Banner Ads 

Featured Local Jobs


 Powered by Max Banner Ads 

Featured Local Event


 Powered by Max Banner Ads 

Featured Local Sponsor


 Powered by Max Banner Ads 

 Powered by Max Banner Ads 

 Powered by Max Banner Ads 

Featured Local Property


 Powered by Max Banner Ads 

 Powered by Max Banner Ads 

Clarion County Pension Fund ‘Past Point of No Return’

Wednesday, January 23, 2019 @ 12:01 AM

Posted by Ron Wilshire

Main Street Administration CountyCLARION, Pa. (EYT) – With a balance of $22,664,387.00, the Clarion County Pension Fund is in good shape, but Commissioner Ted Tharan pointed to one change in the status report presented at the Clarion County Retirement Board on Tuesday morning that marks the end of an era.

According to the report, total active members contributing to retirement fund were 174, and total retirees receiving the pension was 176.

“Folks, we are passed the point of no return,” said Tharan. “We now have fewer people paying into the fund than (ones who) are collecting a pension.”

The board approved the 2019 financial institution appointments, including:

Investment Manager – Cornerstone Advisors Asset Management, inc., Bethlehem, PA

Custodian – Wells Fargo investments, Clarion

.           Deposit Administrator/Custodian–Northwest Bank

.           Actuary –Boetger Retirement Plan Services

Accountant/Auditor– Clarion County auditors. (Pension funds are also reviewed in the official single audit of Clarion County.)


Copyright © 2019 EYT Media Group, Inc. All rights reserved. Any copying, redistribution or retransmission of the contents of this service without the express written consent of EYT Media Group, Inc. is expressly prohibited.

Comments are temporarily closed. A new and improved comments system will be introduced shortly.


 Powered by Max Banner Ads 

Sports

Local and National Sports News
Sports

Recipes

Recipes submitted by our Readers

cinema

local movie listings

Feedback

Have a suggestion?