# City of Palmetto General Employees' Pension Plan

City of Palmetto General Employees' Pension Plan is a Pension Fund based in Palmetto, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Palmetto, United States
- **Region:** North America
- **Address:** Palmetto, FL, United States
- **Assets under management:** Undisclosed
- **Website:** www.palmettofl.org

## Regulatory record

- **Reports private funds:** No

## About

The City of Palmetto General Employees' Pension Plan operates as a defined-benefit municipal plan governed by a volunteer Board of Trustees that includes City Clerk Jim Freeman as its chair. The board meets quarterly to oversee governance, investment policy, and fiduciary obligations for the city's non-police workforce. City of Palmetto, Florida serves as the plan sponsor, funding the trust alongside employee contributions. The plan's portfolio spans four distinct allocations. Public-markets exposure runs through discrete corporate stock and corporate bond portfolios alongside U.S. government securities and money-market instruments. On the private side, two dedicated US commercial real estate funds hold direct property interests. The fund shares administrative and advisory infrastructure with the Palmetto Police Officers' Pension Plan, a sister municipal trust covering sworn officers. Both plans operate under Florida statutes governing municipal pensions. Most municipal funds of equivalent size access real estate solely through commingled closed-end vehicles or REIT allocations. Running discrete commercial real estate vehicles introduces direct governance burdens — property-level oversight, quarterly valuation, liquidity management — that a volunteer board must absorb alongside its other duties.

## Sectors

- Real Estate
- Private Credit
- Public Equities

## People

- Jim Freeman — Board Chair

## Questions

### Who runs investment decisions at the City of Palmetto General Employees' Pension Plan?

The Board of Trustees, chaired by City Clerk Jim Freeman, acts as the named fiduciary and investment decision-maker. The board meets quarterly to review asset allocation, manager performance, and governance matters. The plan does not disclose whether it retains an external investment consultant, though many Florida municipal plans of comparable size contract with firms like AndCo Consulting or Graystone Consulting for day-to-day portfolio management support.

### What is the relationship between this plan and the Palmetto Police Officers' Pension Plan?

The two plans operate as sister municipal trusts under City of Palmetto sponsorship — one covering general employees, the other covering sworn police officers. They share administrative and advisory resources, a common pattern in Florida cities where separate pension boards for police and general employees reduce administrative duplication while maintaining distinct actuarial structures.

## Related profiles

- [City of Orlando General Employees' Pension Plan](https://altss.com/profile/city-of-orlando-general-employees-pension-plan)
- [City of Pembroke Pines Firefighters' & Police Officers Pension Fund](https://altss.com/profile/city-of-pembroke-pines-firefighters-police-officers-pension-fund)

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

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