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City of Ocala General Employees' Pension
Founded in 1944, the City of Ocala General Employees' Pension provides retirement, disability, and death benefits to full-time municipal workers of Ocala,...
City of Ocala General Employees' Pension
Founded in 1944, the City of Ocala General Employees' Pension provides retirement, disability, and death benefits to full-time municipal workers of Ocala, Florida. The plan's governance sits with a board chaired by Doug Peebles, Director of Ocala Electric Utility, alongside trustees including CFO Janice Mitchell and City Manager Peter Lee. Day-to-day pension operations run through Alicia Gaither, the city's Pension Coordinator. Public records indicate the fund allocates across a conventional institutional portfolio: public equities, fixed income, and a diversifying alternatives sleeve that includes real estate, private equity, infrastructure, hedge funds, and private credit. Like many municipal plans, it accesses alternatives through fund commitments and external managers rather than direct deals. The fund has participated in real estate vehicles and infrastructure funds — standard building blocks for a mid-sized city pension — though individual manager names and commitment sizes are not publicly disclosed by the plan. The board's investment posture reflects a city-managed plan: trustees are finance and utility executives inside Ocala's municipal government, not external independent directors. The pension coordinator handles administration. The plan's scale and staffing level are not publicly disclosed. It participates in Florida's municipal pension ecosystem, which operates under state-level oversight and actuarial funding requirements. The structural differentiator is administrative simplicity — this is a City Hall-embedded fund, not an independent investment office. All trustees are city employees, and the pension coordinator reports through municipal HR channels. The board makes allocation decisions without a dedicated internal CIO, relying on consultant-led manager selection and periodic asset-liability studies typical of Florida municipal plans.
General information
Firm type
Pension Fund
Year founded
1944
Location
Region
North America
Country
United States
City
Ocala
Corporate office
Ocala, FL, United States
Principals
Doug Peebles
Chairman of the General Pension Board
Janice Mitchell
Trustee and Chief Financial Officer of the City of Ocala
Peter Lee
Trustee and City Manager of the City of Ocala
Alicia Gaither
Pension Coordinator
Sector focus
Frequently asked questions
Who sits on the investment board for the Ocala General Employees' Pension?
The board is chaired by Doug Peebles, who also serves as Director of Ocala Electric Utility. Trustees include Janice Mitchell, the city's Chief Financial Officer, and Peter Lee, Ocala's City Manager. All trustees are city employees, meaning investment oversight operates within the municipal government structure rather than through an independent board.
How does the Ocala pension fund access private market investments?
Public records indicate the fund invests in real estate, private equity, infrastructure, private credit, and hedge funds. Like most municipal plans of its scale, Ocala accesses these asset classes through external fund commitments and consultant-led manager selection. The plan does not publicly disclose individual manager names or commitment amounts.
Does the City of Ocala General Employees' Pension have a dedicated chief investment officer?
No. The plan operates through a board of city-employee trustees without a publicly identified dedicated CIO. Investment decisions are made by the board with support from external consultants, a structure common among mid-sized municipal pension funds that are embedded within city government operations.
Who administers the day-to-day operations of the pension?
Alicia Gaither serves as Pension Coordinator for the City of Ocala, handling administration from within the city's Human Resources and Risk Management department. The coordinator role manages benefit processing, participant inquiries, and board logistics rather than investment functions.
What types of benefits does the Ocala General Employees' Pension provide?
The plan provides retirement, termination, disability, and death benefits to full-time eligible employees of the City of Ocala. It is a defined benefit plan, meaning participants receive a predetermined monthly benefit based on salary history, years of service, and age at retirement, per Florida municipal pension standards.
Is the Ocala pension fund subject to Florida state oversight?
Yes. Florida municipal pension plans operate under state statutes that govern actuarial reporting, funding requirements, and board composition. The plan must meet annual reporting standards and undergo periodic actuarial valuations to assess funded status, consistent with Florida's regulatory framework for local government retirement systems.
Does the Ocala pension fund co-invest directly in deals alongside external managers?
There is no public evidence that the fund engages in direct co-investments or club deals. Its alternatives exposure appears to come through traditional limited-partner commitments to private equity and real estate funds, which is typical for a municipal plan of its staffing and scale.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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