Annapolis Police & Fire Retirement Fund

Annapolis Police & Fire Retirement Fund

The Annapolis Police & Fire Retirement Fund is a public defined-benefit pension plan established to provide retirement benefits for Annapolis police officers and firefighters. The fund is governed by a commission that includes representatives from the city government, the Annapolis Police Department, and labor unions including UFCW Local 400 and IAFF Local 1926. The fund's investment strategy emphasizes growth capital allocations alongside fixed-income and cash-like instruments. Holdings include the Maryland Local Government Investment Pool (LGIP), U.S. Treasury obligations, and money market funds—a portfolio structured for capital preservation and moderate growth. The commission's named members include attorney Joe Semo as chairperson, APD Operations Division Commander Amy Miguez as vice chairperson, and city finance director Brittany Moran. Total assets under management are estimated at roughly $200 million (Altss estimate). The six-member commission meets regularly to oversee asset allocation, manager selection, and compliance with fiduciary standards. Kathie Sulick, a commission member, also serves on the Anne Arundel County Pension Trustee Board and maintains professional affiliations with the AICPA and Financial Planning Association. The fund's governance structure—with representation from both the city government and public safety unions—gives it a direct stake in Annapolis fiscal policy. The commission operates alongside the Annapolis Police Foundation, a separate philanthropic entity supporting police department initiatives.