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City of Alpharetta's Pension Trust Fund
Chris Lagerbloom chairs the Alpharetta Pension Board, which runs a single-employer defined benefit plan investing in Treasuries, agencies, and corporate...
City of Alpharetta's Pension Trust Fund
The City of Alpharetta's Pension Trust Fund operates as the funding vehicle for the Georgia municipality's defined benefit retirement plan. Administered by Finance Director Thomas G. Harris alongside a board of trustees chaired by City Administrator Chris Lagerbloom, the fund holds assets accumulated through mandatory employee contributions and direct city appropriations. The trust's legal purpose is straightforward: secure and grow a dedicated pool of assets that will meet the promised retirement income of Alpharetta's workforce. The fund's investment posture is conventional for a municipal pension plan of its scale. It deploys capital across a laddered portfolio of money market instruments, U.S. Treasury securities, obligations of U.S. government agencies, and investment-grade corporate bonds. No direct real estate, private equity, or alternative asset positions are evident from the publicly documented menu of holdings. The fund does not report participating in external limited partnerships or co-investment vehicles, and its geographic exposure is almost entirely domestic, anchored by federal government paper and North American corporate issuers. Board-level operations intersect with the broader Georgia public-pension community. Office Manager Kristen Brown participates actively in the Georgia Association of Public Pension Trustees, which connects the fund to peer plans across the state for governance education and trustee training. The Pension Board itself holds direct fiduciary authority over asset-allocation policy, retaining discretion to adjust the fixed-income tilt within the parameters of a formal investment policy statement. No distinct foundation, ancillary charitable vehicle, or club membership beyond GAPPT has been disclosed. What separates Alpharetta from larger state-level systems is the combination of a direct-democracy governance structure and a deliberately narrow asset palette. The board answers only to a single city's stakeholders, not a sprawling statewide constituency, which allows investment policy to remain tightly aligned with the municipality's own payroll dynamics. The absence of external investment consultants in the public record suggests that strategic decisions are made in-house by a small team of named municipal officers rather than via outsourced OCIO relationships.
General information
Firm type
Pension Fund
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Alpharetta
Corporate office
Alpharetta, GA, United States
Principals
Chris Lagerbloom
City Administrator and Chairman of the Pension Board of Trustees
Thomas G. Harris
Finance Director and Member of the Pension Board of Trustees
Mark Bennett
Payroll & Benefits Manager
Kristen Brown
Office Manager
Sector focus
Frequently asked questions
Who chairs the Alpharetta Pension Board and who manages the fund's day-to-day administration?
City Administrator Chris Lagerbloom serves as Chairman of the Pension Board of Trustees, the body that carries fiduciary responsibility for the fund. Finance Director Thomas G. Harris sits on the board and oversees financial administration, while Payroll & Benefits Manager Mark Bennett and Office Manager Kristen Brown support the operational workflow from within the City of Alpharetta's administrative structure.
How is the Alpharetta Pension Trust Fund invested?
The fund holds a traditional fixed-income-heavy portfolio: money market instruments, U.S. Treasury securities, obligations of U.S. government agencies, and corporate bonds. No public disclosure points to allocations in real estate, private equity, venture capital, or hedge funds, making it a conservative defined-benefit pool focused on principal preservation and predictable income.
Does the fund make direct private investments or commit to external fund managers?
There is no public evidence of direct private-market co-investments, fund commitments, or limited-partnership stakes. The disclosed asset list is limited to liquid, publicly traded fixed-income instruments. If the fund accesses external managers, it has not surfaced in accessible pension-board minutes or investment-policy documents.
What is the relationship between the City of Alpharetta and the Pension Trust Fund?
The trust is a single-employer plan — meaning it covers only employees of the City of Alpharetta itself. The city contributes directly to the fund alongside mandatory employee contributions, and the Pension Board, composed of named municipal officers, exercises exclusive fiduciary authority over the assets.
Is the Alpharetta Pension Board connected to the broader Georgia public-pension community?
Yes. Office Manager Kristen Brown is an active participant in the Georgia Association of Public Pension Trustees, the professional body that provides education and networking for public-pension trustees and administrators across the state. That membership creates a formal channel through which the board accesses governance best practices and peer-plan comparisons.
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