# City of Milford Pension & Retirement Fund

City of Milford Pension & Retirement Fund is a Pension Fund based in Milford, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Milford, United States
- **Region:** North America
- **Address:** Milford, CT, United States
- **Assets under management:** Undisclosed
- **Website:** milfordct.us

## Regulatory record

- **Reports private funds:** No

## About

The City of Milford Pension & Retirement Fund operates as the municipal retirement system for employees of Milford, Connecticut. Governance is vested in a Pension & Retirement Board, chaired by Gregory S. Kimmel with Ann Maher serving as Secretary and Christian McInnis as Vice Chairman. The board's monthly meeting cadence provides a regular oversight rhythm for a plan that serves a classic municipal workforce: police, firefighters, public works, and city administrators. The fund holds an alternatives allocation uncommon for a municipality of Milford's size. A dedicated India-focused private equity allocation is managed externally by Mukul Gulati at Zephyr Management, a New York-headquartered emerging markets specialist that has deployed capital into Indian growth companies since the 1990s. The fund also maintains a precious-metals equity sleeve through a Gold and Silver Stocks Portfolio, alongside a broader Alternative Investment Portfolio encompassing private-market exposures. The geographic footprint spans US public markets, India private equity, and global commodity-linked equities. The board's volunteer structure — with appointed officials serving alongside city financial staff — reflects the governance model of Connecticut's smaller municipal plans. What distinguishes this plan structurally is the combination of a small municipal footprint with an emerging-markets private-equity sleeve. Most Connecticut suburban plans of Milford's population tier concentrate assets in state-run fixed-income pools or broad index mandates.

## Sectors

- Real Estate
- Private Equity
- Infrastructure

## People

- Gregory S. Kimmel — Chairman, Pension & Retirement Board
- Ann Maher — Secretary and Acting Chair, Pension & Retirement Board
- Christian McInnis — Vice Chairman, Pension & Retirement Board
- Mukul Gulati — Managing Director, Zephyr Management (India-focused PE)

## Questions

### Who oversees investment decisions at the City of Milford Pension & Retirement Fund?

The Pension & Retirement Board holds fiduciary authority. Chairman Gregory S. Kimmel, Vice Chairman Christian McInnis, and Secretary Ann Maher are the named officers conducting monthly public meetings where investment decisions are ratified and manager relationships reviewed.

### What alternative asset classes does the fund hold?

The fund maintains a dedicated Alternative Investment Portfolio and a precious-metals equity allocation. The India private equity mandate through Zephyr Management is a confirmed direct-investment program within the alternatives sleeve.

### How often does the Pension & Retirement Board meet?

The board convenes monthly. Agendas and minutes are public record through the City of Milford, providing visibility into manager reviews, allocation changes, and administrative actions affecting the retirement system.

### Is the fund's AUM publicly available?

Total assets under management are not disclosed in accessible public filings or board communications as of the latest review.

## Related profiles

- [City of Memphis Retirement System](https://altss.com/profile/city-of-memphis-retirement-system)
- [City of Mobile Police & Firefighters’ Retirement Plan](https://altss.com/profile/city-of-mobile-al-police-firefighters-retirement-plan)

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

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