City of Omaha Police and Fire Retirement System

City of Omaha Police and Fire Retirement System

The City of Omaha Police and Fire Retirement System functions as a single-employer contributory defined benefit plan for sworn police officers and firefighters. A dedicated Pension Board governs the plan, with the city's Finance Director sitting as a key administrative contact. Unlike pooled state-level safety-officer plans, this fund operates specifically for Omaha's uniformed services, aligning its fiduciary horizon with local municipal employment cycles. The fund allocates across a wide terrain despite its mid-sized asset base. Its stated strategy reaches into venture capital — spanning seed, start-up, and late-stage exposure — alongside timber, commodities, and real estate. The real estate allocation appears in the portfolio, and the system participates as a fund-of-funds investor. Its co-investment stance extends to the legal arena: the System has acted as co-lead plaintiff with the Louisiana Sheriffs’ Pension & Relief Fund in securities class-action litigation, signaling a willingness to enforce shareholder rights. The Pension Board maintains an asset mix designed to fund long-dated liabilities for Omaha's public safety personnel. No external marketing materials or independent published AUM figure are available; Altss estimates the portfolio stands at approximately $1 billion. Membership ties flow through the International Association of Fire Fighters, whose local members' retirement benefits the System underpins. Finance Director Stephen Curtiss provides the primary point of contact for administrative and investment governance matters. The plan's structural distinction lies in its litigation-forward stewardship. By stepping into co-lead plaintiff roles, the fund converts governance principles into active recoveries — an operational stance uncommon among municipal pension plans of its size.