# City of Boca Raton Police and Firefighters' Retirement System

City of Boca Raton Police and Firefighters' 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:** Undisclosed
- **Website:** myboca.us
- **LinkedIn:** https://www.linkedin.com/company/citybocaraton

## Regulatory record

- **Reports private funds:** No

## About

The City of Boca Raton Police and Firefighters' Retirement System was established by Ordinance 1806 in 1973 to provide pension benefits for all sworn police officers and firefighters in Boca Raton, Florida. An eight-member Board of Trustees governs the plan under Florida Statutes, providing normal, early, and disability retirement benefits, as well as pre-retirement death benefits and termination refunds to members. The City of Boca Raton acts as plan sponsor and employer. The Boca Raton Police Foundation maintains a separate but adjacent supporting role for the department. The system allocates across traditional public equities, fixed income, and an alternatives sleeve that includes private real estate funds, direct real estate mixed-use partnerships, and private market allocations. The real estate program spans commercial funds and direct investments, reflecting a tangible-asset bias common among Florida municipal plans. Plan administration sits under Pension Manager Leslie Harmon, who manages operations for Boca Raton's municipal retirement systems. Darryl Kingman chairs the Board and John Girard serves as Vice Chairman. The board participates in the Florida Public Pension Trustees Association, the standard professional network for Florida public plan fiduciaries. The system's most recent actuarial reports remain a matter of public record through the City of Boca Raton and the Florida Department of Management Services. Unlike pooled state-level plans, Boca Raton's police and fire fund operates with statutory independence under Florida's municipal pension framework, giving the local board investment discretion within state-prescribed guidelines. This structure creates a close feedback loop between the plan's liabilities — driven by local public safety demographics — and its asset allocation. The board's ability to allocate directly to commercial real estate partnerships distinguishes it from index-only municipal peers.

## Sectors

- Real Estate
- Private Equity

## People

- Darryl Kingman — Chairman of the Board of Trustees
- John Girard — Vice Chairman of the Board of Trustees
- Leslie Harmon — Pension Manager

## Questions

### Who runs investment decisions at the Boca Raton Police and Firefighters' Retirement System?

An eight-member Board of Trustees holds investment authority. Darryl Kingman chairs the board and John Girard serves as Vice Chairman. Day-to-day pension management falls to Leslie Harmon, who handles operations for Boca Raton's municipal retirement systems.

### What does the plan's private-market allocation look like?

The system allocates to private real estate funds, direct real estate mixed-use partnerships, and broader private market strategies. The commercial real estate exposure spans both fund commitments and direct partnership investments, reflecting a tangible-asset tilt within the alternatives program.

### How is the plan governed?

The plan operates under Florida Statutes and was established by City Council Ordinance 1806, adopted April 17, 1973. It is a single-employer defined benefit plan covering all Boca Raton police officers and firefighters. The City of Boca Raton serves as plan sponsor and employer.

### Does the system co-invest alongside other Florida municipal plans?

There is no public record of co-investment partnerships with other Florida municipal plans. The board participates in the Florida Public Pension Trustees Association, the state's primary trustee education and networking organization, which can facilitate information sharing among peer plans.

### What benefits does the plan provide?

The plan provides normal, early, and disability retirement benefits, along with pre-retirement death benefits and termination refunds. Benefit formulas and eligibility are codified in the plan document established by municipal ordinance.

## Related profiles

- [City of Bethlehem Aggregated Pension Fund](https://altss.com/profile/city-of-bethlehem-aggregated-pension-fund)
- [City of Brisbane Investment Corporation](https://altss.com/profile/city-of-brisbane-investment-corporation)

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

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