Pension fund candidate withdraws

By Mon Valley Independent

By Kaylie Moore

kmoore@yourmvi.com

Monessen avoided another conflict of interest this week when a third-party consultant withdrew his participation in the city’s ongoing pension fund woes.

State Auditor General Eugene A. DePasquale released an audit report July 12 outlining concerns with the procurement process used in selecting Fusion Investment Group as the city’s new pension fund manager — a quick change made late last year by the former administration despite two prior votes by the police pension board to retain Voya Financial.

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Around The Valley

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