# Annapolis Police & Fire Retirement Fund

Annapolis Police & Fire Retirement Fund is a Public Defined Benefit Pension Fund based in Annapolis, United States.

## Overview

- **Organization type:** Public Defined Benefit Pension Fund
- **Headquarters:** Annapolis, United States
- **Region:** North America
- **Address:** Annapolis, United States
- **Assets under management:** 203 (Altss estimate)

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Growth Capital
- Infrastructure
- Fixed Income

## People

- Joe Semo — Chairperson of the Police and Fire Retirement Plan Commission
- Amy Miguez — Vice Chairperson
- John Wardell — Member representing IAFF Local 1926
- Kathie Sulick — Member
- Brittany Moran — Member
- Tricia Hopkins — Member

## Questions

### Who runs investment decisions at the Annapolis Police & Fire Retirement Fund?

Joe Semo serves as chairperson of the seven-member Police and Fire Retirement Plan Commission. The commission includes representatives from IAFF Local 1926, UFCW Local 400, and city finance and human-resources departments.

### What asset classes does the fund currently hold?

The fund allocates to the Maryland Local Government Investment Pool, U.S. Treasury obligations, and money-market funds. No equity, private equity, or real-estate positions are disclosed.

### How is the fund governed?

A joint labor-management commission sets policy. Union locals and city officials hold seats, creating direct oversight by the same parties that contribute to the plan.

### Where does the fund place its assets geographically?

All known holdings are U.S. dollar instruments held through Maryland state vehicles or direct Treasury positions. No international exposure is reported.

## Related profiles

- [August](https://altss.com/profile/august)
- [Prosperity Investment](https://altss.com/profile/prosperity-investment)

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Last updated: 2026-07-06T00:30:53.374Z

Canonical page: https://altss.com/profile/annapolis-police-fire-retirement-fund

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology