City of Dearborn Retirement System

City of Dearborn Retirement System

The City of Dearborn Retirement System provides pension and retiree healthcare benefits to the city's public workforce. The system is overseen by boards of trustees, with separate chapters for police and fire personnel and general municipal employees. Chairperson Randa Dagher leads the boards for both Chapter 22 and Chapter 23. Mayor Abdullah Hammoud holds appointment authority for the boards, while Carl Meyers served as chairman of the retirement system from 2008 to 2022. Publicly available details on asset allocation, specific investment managers, and direct holdings are scarce. Its disclosed professional affiliations include the Michigan Association of Public Employee Retirement Systems (MAPERS), which provides governance and investment education. The City of Dearborn also belongs to the Conference of Western Wayne (CWW), renewed for the 2024/2025 term. Board meeting minutes and agenda materials, when available through the city, represent the primary window into investment decisions, manager searches, and actuarial performance for the plan. Like many smaller municipal public plans in Michigan, its structural differentiator is the governance model: a board of political appointees operating under state statute rather than a staffed internal investment office. This architecture makes board composition and adherence to state-level investment rules the central variables in portfolio oversight.