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City of Lauderhill Police Officers' Retirement System
The City of Lauderhill Police Officers' Retirement System serves as the defined-benefit pension vehicle for law enforcement personnel in Lauderhill, Florida.
City of Lauderhill Police Officers' Retirement System
The City of Lauderhill Police Officers' Retirement System serves as the defined-benefit pension vehicle for law enforcement personnel in Lauderhill, Florida. The fund is administered by a Board of Trustees, chaired by David Hennessy since 2003, with Andrea Anderson serving as Board Secretary and Trustee. The city acts as the plan sponsor, responsible for ensuring contributions meet the annual required funding levels determined by actuarial valuations. Investment strategy for local Florida municipal police and fire pensions typically follows a conservative-to-moderate risk profile governed by a board-adopted Investment Policy Statement. Asset allocations for plans of this size in Florida generally target a mix of domestic and international public equities, core and core-plus fixed income, and smaller opportunistic allocations to real estate, private equity, and diversified hedge fund strategies to close funding gaps. The board participates in the Florida Public Pension Trustees Association for trustee education and governance best practices. The fund's operations are anchored in Sunrise, Florida. Board governance includes a fifth trustee seat, currently held by Sam Smith. The board coordinates with municipal entities, including the Lauderhill Housing Authority, particularly when local economic conditions affect the tax base and contribution stability. A restated police promissory note specific to the city remains an asset on the plan's books, indicating a legacy financing structure common among Florida municipal plans managing local supplemental obligations. What distinguishes this retirement system structurally is its single-employer, single-profession design — a narrow corridor of liability tied exclusively to the pension obligations of one city's police department. This concentration creates a high-stakes funding discipline. If an actuarial shortfall emerges, the remedy is constrained to three levers: increased city contributions, negotiated benefit adjustments for members, or assumption changes — a governance dynamic absent in statewide or pooled-risk public plans.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
Fort Lauderdale
Corporate office
Sunrise, FL, United States
Principals
David Hennessy
Chairman of the Board of Trustees
Andrea Anderson
Board Secretary and Trustee
Sam Smith
Fifth Member of the Board of Trustees
Sector focus
Frequently asked questions
Who governs investment decisions at the Lauderhill Police Officers' Retirement System?
A Board of Trustees governs all investment and administrative decisions. Chairman David Hennessy has led the board since 2003, with Andrea Anderson serving as Secretary. The board typically retains an external investment consultant and may delegate day-to-day manager selection to a CIO or outsourced chief investment officer, a common Florida municipal model.
What is the plan's funded status, and how does it compare to other Florida municipal police plans?
The plan's exact funded ratio is not publicly disclosed on its website. Florida municipal police and fire plans experienced a median funded ratio of approximately 82% as of the 2023 actuarial reporting cycle, per Florida Department of Management Services data. The Lauderhill board regularly receives actuarial valuations that determine the city's required contribution.
Is this a defined-benefit or defined-contribution plan for active officers?
The City of Lauderhill Police Officers' Retirement System is a traditional defined-benefit pension plan. Active officers accrue a guaranteed retirement benefit based on years of service and final average salary, funded by both employee contributions and mandatory city contributions determined by annual actuarial calculations.
How does the board relate to the City of Lauderhill?
The City of Lauderhill is the plan sponsor and is legally responsible for funding the annual required contribution. The board operates with fiduciary independence on investment and benefit administration matters, but the city's financial health directly influences its ability to meet contribution obligations. The board also coordinates with city-related entities like the Lauderhill Housing Authority on local economic conditions.
What external organizations does the retirement system belong to?
The board and its trustees are active members of the Florida Public Pension Trustees Association, which provides continuing education on fiduciary duties, investment governance, and legislative updates affecting Florida municipal plans. The board also participates in benefits seminars through the National Association of Police Organizations.
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