# City of Cape Coral Municipal Firefighter's Retirement Plan

City of Cape Coral Municipal Firefighter's Retirement Plan is a Public Pension Fund based in Cape Coral, United States.

## Overview

- **Organization type:** Public Pension Fund
- **Headquarters:** Cape Coral, United States
- **Region:** North America
- **Address:** Cape Coral, FL, United States
- **Assets under management:** Undisclosed
- **Website:** cape-coral-fl.gov

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Public Equities
- Fixed Income
- Real Estate

## People

- Walter Stevens — Chair of the Board of Trustees
- Richard Chappelle — Secretary of the Board of Trustees
- James Carroll III — Trustee, elected by Firefighters
- Jason Spinner — Trustee, elected by Firefighters
- Damon Alimonti — Trustee, chosen by other Trustees
- Brian Fenske — Trustee
- Harley (Gene) Clubb — Trustee, Firefighter-elected

## Questions

### How is this plan governed differently from the Florida Retirement System?

Unlike the Florida Retirement System, which covers state and many local employees under a single statewide board, the Cape Coral firefighter plan is a single-employer municipal trust governed by a local Board of Trustees. It is subject to Florida Statute 112.664, which imposes reporting and actuarial standards specific to municipal police and firefighter pensions. The City of Cape Coral acts as plan sponsor, and funding levels depend on city budget appropriations rather than state legislative allocations.

### What is the role of the City of Cape Coral in this retirement plan?

The City is the plan sponsor, meaning it makes the employer contributions required to keep the fund actuarially sound and provides administrative support. The City Council appoints certain trustees to the board. The sponsor relationship distinguishes this plan from jointly governed multi-employer plans, giving the municipal government direct influence over funding and governance decisions within the bounds of Florida pension law.

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

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