Timothy Johnson officially became executive director of the city’s Police and Fire Pension Fund this month, taking over a role that’s been much-maligned in recent years.
The fund’s board of directors in June selected Johnson after a nationwide search. His salary is $190,000.
Johnson attended his first fund board meeting as executive director Friday.
The former Allegheny County Employees’ Retirement System head oversaw a plan that had close to 12,000 members and $850 million in assets. The number of members is about double Jacksonville’s system, while the assets are about half.
Before that, he was the administrative services director for the County of Allegheny for eight years.
Johnson began in Jacksonville Aug. 1 and was formally introduced to City Council during its Aug. 9 meeting.
“I feel welcome here in Jacksonville,” Johnson, 57, told council. “I intend to be here until I retire.”
Former fund administrator John Keane retired in September after serving in the role since 1990. During that time, the fund had been criticized for a special, more-lucrative retirement plan created for Keane and several other employees.