# City of Alexandria Supplemental Retirement Plan City of Alexandria Supplemental Retirement Plan is a Pension Fund based in Alexandria, United States. ## Overview - **Organization type:** Pension Fund - **Headquarters:** Alexandria, United States - **Region:** North America - **Address:** Alexandria, VA, United States - **Founded:** 1970 - **Assets under management:** <$500M (Altss estimate) - **Website:** alexandriava.gov/Pension ## Regulatory record - **Reports private funds:** No ## About The City of Alexandria Supplemental Retirement Plan operates as a closed, mandatory defined benefit supplement for municipal workers hired before specific cutoff dates. Employees covered are typically general government staff and deputy sheriffs, all of whom concurrently belong to the Virginia Retirement System. The plan's benefits are stacked atop the state pension, reflecting a local government decision to enhance retirement security for a subset of its workforce. Governance rests with a board comprising city management and uniformed service representatives, a structure that embeds operational friction with public accountability. The plan channels its assets through external managers in an institutional framework, with known commitments spanning timberland, real assets, and listed REITs. Past disclosures confirm positions in Hancock Timberland X and Molpus Woodlands Group Fund IV, signaling a deliberate tilt toward inflation-sensitive, hard-asset strategies typical of mid-sized municipal plans. A Wilshire REIT index mandate rounds out the equity real estate exposure. The portfolio favors fund commitments rather than direct co-investments or separate accounts, consistent with the plan's limited internal staffing. Deployment is US-centric with no disclosed international carve-outs. The plan is administered day-to-day by Empower Retirement, which provides recordkeeping and actuarial support. Kadira Coley serves as the in-house Retirement Administrator, acting as the conduit between the city, the board, and external service providers. Her role bridges the operational demands of a pension system and the political realities of municipal finance. No dedicated internal investment staff is evident; strategic decisions appear to flow through the board with Empower's advisory input. The absence of a standalone trust or foundation structure separates this plan from family-office-style philanthropic intertwining. Structurally, the plan's most defining feature is its closed nature — no new participants are being added, which means its liabilities are steadily maturing. That creates a distinct mandate: managing a slowly liquidating pool of assets to meet declining benefit obligations, rather than pursuing growth to fund an open-ended promise. For a municipal pension, this shifts the risk calculus away from aggressive return-seeking and toward cash-flow matching and capital preservation, a posture that a multi-decade timberland commitment extends into practice. ## Sectors - Real Estate - Infrastructure - Timberland ## People - Kadira Coley — Retirement Administrator - Laura Gates — Supplemental Retirement Board Member (City Management) - Robert Gilmore — Supplemental Retirement Board Member (Deputy Sheriffs) ## Questions ### What is the plan's current liability profile? The plan is closed to new entrants, meaning its active participant base is shrinking as members retire or separate from service. This places the plan in a runoff posture where liabilities are gradually declining. The maturity of the obligation pool influences the asset allocation, favoring income-producing real assets over long-duration growth strategies. ### Is this plan part of the Virginia Retirement System? No. It is a separate, local supplemental plan that pays benefits in addition to those provided by VRS. Eligible Alexandria city employees belong to both systems simultaneously. The supplemental plan is governed locally by the City of Alexandria, not the state. ### What types of assets does the plan hold? Public records confirm positions in institutional timberland funds, including Hancock Timberland X and Molpus Woodlands Group Fund IV, alongside a Wilshire REIT index mandate. The disclosed portfolio emphasizes hard assets and real estate equity, with no indications of private equity, venture capital, or hedge fund commitments. ### Does the plan co-invest directly or operate through separate accounts? All disclosed commitments are to commingled institutional funds rather than direct co-investments or separate accounts. This is typical for a plan of its scale, allowing diversification without the internal resources required to underwrite individual assets or deals. ## Related profiles - [City of Alexandria Post-Employment Benefit Trust](https://altss.com/profile/city-of-alexandria-post-employment-benefit-trust) - [City of Alexandria (Va.) Firefighters & Police Officers Pension Plan](https://altss.com/profile/city-of-alexandria-va-firefighters-police-officers-pension-plan) --- Source record modified: 2026-06-03T20:00:00.000Z Last verified: not supplied by this public snapshot. ## Sources and provenance - Organization website as recorded: https://alexandriava.gov/Pension Source links do not imply that every field was verified on the page modification date. See [Altss methodology](https://altss.com/methodology). Canonical page: https://altss.com/profile/city-of-alexandria-supplemental-retirement-plan Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology