# City of Dearborn Post Retirement Health Care Fund

City of Dearborn Post Retirement Health Care Fund is a Pension Fund based in Dearborn, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Dearborn, United States
- **Region:** North America
- **Address:** Dearborn, MI, United States
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

The City of Dearborn Post Retirement Health Care Fund is a Michigan municipal trust established to finance health care benefits for eligible city retirees and their dependents. The fund's governance rests with a Board of Trustees, currently chaired by Randa Dagher, with Alan Brzys serving as vice chairperson. Mayor Abdullah H. Hammoud and Finance Director Michael Kennedy are key administrative partners in the city's broader financial stewardship, though the trust's fiduciaries retain independent decision-making authority over investment policy. The fund's mandate is inherently liability-driven, matching assets to the long-term health care obligations of an aging municipal workforce. While the precise asset allocation is not public, similarly situated municipal health trusts typically deploy across fixed income, domestic and international equities, real assets, and private markets to balance return requirements with liquidity needs for ongoing benefit payments. The investment strategy is shaped by board-adopted policy and actuarial assessments, with the trust participating in MAPERS, the Michigan Association of Public Employee Retirement Systems, for trustee education and peer exchange on public fund management. Dearborn operates multiple public employee benefit vehicles, including separate pension systems governed under different chapters of the city code. This post-retirement health care trust is distinct from the city's Chapter 23 pension system, though it shares board overlap and administrative oversight. The fund's solvency directly affects the city's credit profile; rating agencies and municipal bond investors view post-employment benefit liabilities as a material component of Dearborn's overall fiscal health. Recent actuarial reports and city budget documents are the primary windows into the fund's funded status and contribution requirements. The trust's defining structural feature is its statutory isolation from the city's general fund. While administered with city cooperation, the assets are held in trust exclusively for retiree health care—a legal firewall that prevents benefit diversion for municipal operating needs. This architecture mirrors the Employee Retirement Income Security Act's (ERISA) trust requirement in private-sector plans, though municipal plans operate under state law rather than federal statute.

## Sectors

- Healthcare Services

## People

- Randa Dagher — Chairperson of the Board of Trustees Retirement System (Chapter 23)
- Alan Brzys — Vice Chairperson of the Board of Trustees Retirement System (Chapter 23)
- Abdullah H. Hammoud — Mayor of the City of Dearborn
- Michael Kennedy — Finance Director for the City of Dearborn

## Questions

### Is this fund part of the City of Dearborn's pension system?

No. The Post Retirement Health Care Fund is a separate trust from the city's Chapter 23 pension system. While both serve city retirees, the pension system provides retirement income while this trust covers post-employment health care benefits. The two vehicles have distinct legal structures, funding mechanisms, and actuarial liabilities, though they share some board membership and administrative oversight.

### How does this fund's structure differ from a private-sector health care trust?

The fund operates under Michigan municipal law rather than ERISA, giving it different governance, funding, and reporting requirements. It is a public entity subject to open meetings laws and public records requests, and its assets are held in trust exclusively for retiree health care—a legal firewall that prevents the city from diverting assets for other municipal purposes. Unlike many private-sector plans, public plans are not covered by Pension Benefit Guaranty Corporation insurance.

### What is the fund's relationship with MAPERS?

The fund and its trustees are active members of MAPERS, the Michigan Association of Public Employee Retirement Systems (public record). MAPERS provides trustee education, legislative updates, and a peer network for Michigan public pension and health funds navigating state-specific regulatory and funding challenges.

## Related profiles

- [City of Cincinnati Retirement System (CRS)](https://altss.com/profile/city-of-cincinnati-retirement-system-crs)
- [City of Fall River (Mass.) Contributory Retirement System](https://altss.com/profile/city-of-fall-river-mass-contributory-retirement-system)

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Source record modified: 2026-06-03T20:00:00.000Z

Last verified: not supplied by this public snapshot.

## Sources and provenance

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