Memphis Light, Gas and Water Pension Fund (MLGW Pension Fund) is a single-employer defined benefit public pension based in Memphis, Tennessee. The fund was established to provide retirement benefits for its plan members and beneficiaries, who meet the eligibility requirements. The plan provides retirement, disability, and death benefits to participants and their beneficiaries. The assets of the pension fund are managed by the MLGW Pension Board under the direction of a five-member board of commissioners.