City of Cape Coral Municipal Firefighter's Retirement Plan

City of Cape Coral Municipal Firefighter's Retirement Plan

The City of Cape Coral Municipal Firefighter's Retirement Plan was established to provide retirement, disability, and survivor benefits for sworn firefighters employed by the city. City Council appoints certain trustees, while active firefighters elect others — a governance split written into the plan's enabling ordinance under Florida's municipal pension framework. The City of Cape Coral serves as plan sponsor, responsible for actuarially determined contributions and administrative oversight. The board meets regularly to review investment performance, approve actuarial valuations, and ensure compliance with Chapter 112, Florida Statutes. The plan allocates capital across three primary sleeves: a public equity portfolio, a fixed-income portfolio, and a real-asset bucket that includes a direct stake in the American Core Realty Fund, a mixed-use vehicle. Public record confirms the fund also pursues recoveries through securities class-action claims in U.S. S. public pensions. No private equity, venture, or hedge fund commitments have been publicly identified, keeping the plan squarely within plain-vanilla municipal pension territory. The board lists seven named trustees, led by Chair Walter Stevens and Secretary Richard Chappelle. Firefighter-elected trustees James Carroll III and Jason Spinner serve alongside Damon Alimonti, a trustee chosen by the other four board members. The full board participates in the Florida Public Pension Trustees Association, the state's primary educational and advocacy network for local pension trustees. No dedicated investment staff or outside CIO has been disclosed, which is consistent with a plan of this size relying on a general investment consultant model rather than in-house portfolio management. Structurally, the plan differs from large statewide peers in its narrow mandate. It covers only municipal firefighters — not police or general employees — and its investment options are governed by Florida's prudent-investor standard rather than a tailored private-markets program. The sponsor relationship with Cape Coral city government adds a layer of political oversight absent from jointly governed statewide systems.