Trustees of the Municipal Employee Pension Plan (MEPP) and Killingworth Volunteer Fire Company and Ambulance Association Service Plan (KVFC/KAA) are responsible for investment oversight and asset allocation of the funds and, with the help of the funds’ actuaries and financial advisors, for setting actuarial assumptions and recommending the monetary contributions needed from the town to meet these assumptions and fund benefits to eligible employees and eligible fire & ambulance personnel. The Trustees complete an annual review and adoption of the Investment Policy Statement (IPS) which establishes the investment objectives and policies applicable to the management of the plans. The Trustees review the performances of the portfolios from the financial advisors on a quarterly basis and hold an annual meeting in January and July. The Trustees are responsible for ongoing review of the plan documents. The Trustees may call special meetings as needed.