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City of Orlando General Employees' Pension Plan
The City of Orlando General Employees' Pension Plan provides retirement, disability, and survivor benefits for the municipal workforce of Orlando, Florida.
City of Orlando General Employees' Pension Plan
The City of Orlando General Employees' Pension Plan provides retirement, disability, and survivor benefits for the municipal workforce of Orlando, Florida. The plan is governed by a Board of Trustees that includes the elected Mayor as a member, with administrative and advisory support from the city's CFO and a Pension Advisory Committee. The underlying wealth originates from contributions by public employees and the City of Orlando's tax revenue, creating a long-duration liability pool that shapes a conservative, diversified investment posture. The portfolio is structured around a core of domestic and international equities alongside a fixed-income allocation designed to match liability duration. The alternatives sleeve extends into hedge fund of funds and global real estate, with at least one known commitment to a Tokyo-focused commercial real estate vehicle — the GreenOak Real Estate Fund — and a position in Metropolitan Real Estate Partners Global IV, a mixed-use fund. The plan accesses private markets through both fund commitments and commingled investment structures, reflecting a common municipal pension approach of gaining exposure via external managers rather than building large internal investment teams. The fund operates from Orlando, Florida, and participates in the broader public pension ecosystem through memberships in the Florida Public Pension Trustees Association, the National Association of State Retirement Administrators, and the National Conference on Public Employee Retirement Systems. These affiliations provide peer benchmarking, educational resources for trustees, and collective advocacy on regulatory matters affecting public retirement systems. The advisory committee, chaired by the city's CFO, includes dedicated pension administration staff who handle daily operations and interface with external consultants and managers. The plan's structural differentiator is its embeddedness within a mid-sized municipality's financial governance apparatus, where the pension function is not a standalone entity but a committee-administrated trust with direct mayoral board representation. This blends political accountability with fiduciary oversight, making investment decisions subject to public meeting laws and open records requirements — a transparency posture that constrains opportunistic investing but aligns with the plan's primary mission of predictable benefit delivery rather than maximizing excess returns.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
Orlando
Corporate office
Orlando, FL, United States
Principals
Buddy Dyer
Mayor, Board of Trustees Member
Michelle McCrimmon
Chief Financial Officer, Chairwoman of the Pension Advisory Committee
Brittany Sellers
Member, Pension Advisory Committee
Stephanie Herdocia
Member, Pension Advisory Committee
Melissa Upham
Pension Specialist
Sector focus
Frequently asked questions
Who sits on the Board of Trustees for the plan?
The Board of Trustees includes Orlando Mayor Buddy Dyer as a member, along with other city officials and plan participant representatives. The board is supported by a Pension Advisory Committee chaired by the city's Chief Financial Officer, Michelle McCrimmon. Committee members and a dedicated pension specialist handle administrative and operational oversight for the plan.
How does the plan access private market investments?
The plan gains private market exposure primarily through external fund commitments and commingled investment vehicles rather than direct company investments. Known positions include a commitment to a Tokyo commercial real estate fund and a global mixed-use real estate vehicle. For non-real-estate alternatives, the plan uses hedge fund-of-funds structures, consistent with the pattern of mid-sized municipal pensions delegating manager selection to specialized intermediaries.
What real estate investments has the plan made outside the United States?
The plan has committed capital to the GreenOak Real Estate Fund, a Tokyo-focused commercial real estate vehicle. It also holds a position in Metropolitan Real Estate Partners Global IV, a global mixed-use real estate fund. These commitments reflect a willingness to pursue geographic diversification within the real assets allocation, even for a mid-sized municipal plan primarily focused on domestic equity and fixed-income markets.
What professional associations does the plan participate in?
The plan is a member of the Florida Public Pension Trustees Association, which serves state-level pension trustees; the National Association of State Retirement Administrators, a national body for public retirement systems; and the National Conference on Public Employee Retirement Systems, the largest national network for public pension funds. These memberships provide governance training, policy advocacy, and peer benchmarking.
Is the plan subject to Florida open-records or sunshine laws?
As a municipal pension plan operating within Florida's governance framework, investment decisions and board deliberations are subject to Florida's public records and open meetings laws. This transparency requirement shapes how the plan conducts manager selection and investment oversight, with formal committee processes and publicly documented proceedings rather than the private discretionary approach available to corporate or single-family-office investors.
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