# City of Boca Raton General Employees' Retirement System

City of Boca Raton General Employees' Retirement System is a Pension Fund based in Boca Raton, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Boca Raton, United States
- **Region:** North America
- **Address:** Boca Raton, FL, United States
- **Founded:** 1973
- **Assets under management:** $190M (Altss estimate)
- **Website:** myboca.us

## Regulatory record

- **Reports private funds:** No

## About

The City of Boca Raton General Employees' Retirement System was established by City Council Ordinance No. 1806 on April 17, 1973. It functions as a single-employer defined-benefit plan covering regular full-time municipal employees. City police officers, firefighters, executive management, and employees enrolled in the defined-contribution plan are carved out and covered by separate retirement structures, making this plan's demographic profile distinct within Boca Raton's broader public-pension landscape. The plan's investment portfolio is overseen by the Board of Trustees. Public pension disclosures in Florida indicate allocations spanning domestic and international equities, fixed income, and real estate, with smaller exposures to private equity and hedge fund strategies. Geographic concentration is primarily domestic, consistent with the plan's liability-matching needs. With an estimated $190 million in assets, the system operates at a scale that limits dedicated internal investment staff. The Board typically engages external consultants to assist with asset allocation, manager selection, and performance monitoring. The plan's funded status and actuarial assumptions are reported through the city's annual comprehensive financial report, subject to Florida Statutes governing municipal pension governance and transparency. The plan's structural differentiator is its exclusion of uniformed personnel. Unlike many municipal systems that blend general employees and public-safety workers into a single pool, Boca Raton's separate plans mean the General Employees' Retirement System does not carry the enhanced disability and early-retirement liabilities associated with police and fire coverage. This narrows its actuarial risk and differentiates its investment horizon from the city's other retirement obligations.

## Questions

### Who governs the City of Boca Raton General Employees' Retirement System?

An eight-member Board of Trustees administers the plan. The Board includes city officials, employee representatives, and citizen members as prescribed by the authorizing ordinance and Florida municipal pension law (public record).

### Does the plan cover Boca Raton police officers and firefighters?

No. Police officers, firefighters, executive management, and employees in the defined-contribution plan are explicitly excluded. They are covered under separate retirement arrangements maintained by the city, a structural feature that isolates the General Employees' plan from public-safety liability profiles.

### What is the plan's current funded status?

The funded ratio is disclosed annually in the City of Boca Raton's comprehensive annual financial report. Actuarial valuations, contribution rates, and unfunded liability figures are prepared by the plan's retained actuary in accordance with Florida Statutes and GASB standards.

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Last updated: 2026-08-11T02:43:31.692Z

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