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City of Pembroke Pines OPEB Trust
The City of Pembroke Pines Other Post-Employee Trust Fund was established to finance the city's long-term obligation to retired employees' healthcare and other...
City of Pembroke Pines OPEB Trust
The City of Pembroke Pines Other Post-Employee Trust Fund was established to finance the city's long-term obligation to retired employees' healthcare and other non-pension benefits. Governed by an appointed Board of Trustees, the fund operates under the municipal framework of Pembroke Pines, Florida. Its creation reflects a common municipal strategy of pre-funding OPEB liabilities through a dedicated trust, though the city discloses limited detail on its founding year and total asset size. The trust's known investment posture concentrates on directly held real estate within its own municipal boundaries. Public records identify three properties: Pando Property, a mixed-use asset at 5400 SW 208th Lane; Vardaman Property, a residential parcel at 20700 SW 54th Place; and Weekley Property, a residential parcel at 20710 SW 54th Place. Liquid reserves sit in a TD Bank Money Market account and a general cash pool, suggesting a conservative liquidity profile with no disclosed allocations to equities, fixed income, or private fund commitments. The geographic footprint is entirely local, with all identified assets located in Pembroke Pines, Florida. The fund's governance sits with the OPEB Board of Trustees, whose members are affiliated with the City of Pembroke Pines. The trust maintains a connection to the Florida League of Cities, a professional network for municipal entities. No recent operational events, manager hires, or allocation changes have been publicly disclosed, reflecting the non-discretionary and administratively focused nature of a small municipal OPEB trust. The trust's structural differentiator is its direct ownership of local real estate rather than participation in commingled real estate funds or REITs. This creates a direct tie between the city's fiscal health and the performance of specific properties within its jurisdiction, a posture more common among small municipal pension and benefit funds than among larger, diversified institutional investors.
General information
Firm type
Pension Fund
Year founded
1960
Location
Region
North America
Country
United States
City
Pembroke Pines
Corporate office
Pembroke Pines, FL, United States
Sector focus
Frequently asked questions
Who governs the City of Pembroke Pines OPEB Trust?
The fund is governed by an OPEB Board of Trustees appointed by the City of Pembroke Pines, Florida. The board is responsible for administering and investing the trust's assets to meet future post-employment benefit obligations. Specific trustee names are not disclosed in public-facing municipal documents.
What assets does the OPEB Trust hold?
Public records identify direct ownership of three Pembroke Pines properties — a mixed-use asset on SW 208th Lane and two residential properties on SW 54th Place — alongside liquid reserves in a TD Bank Money Market account and a municipal cash pool. No publicly traded securities or fund commitments have been disclosed.
Does the trust commit to external private funds or venture capital?
There is no public record of commitments to external private equity, venture capital, hedge fund, or real estate fund managers. The known asset base relies on directly owned properties and cash equivalents, a conservative posture typical of small municipal OPEB trusts with limited staff and administrative capacity.
How is the OPEB Trust related to the City of Pembroke Pines pension system?
The OPEB Trust is a separate vehicle from the city's defined benefit pension plans, established specifically to pre-fund other post-employment benefits such as retiree healthcare. The city sponsors both structures under the same municipal umbrella but they maintain distinct purposes and likely separate accounting.
Is the OPEB Trust's AUM publicly available?
No. The City of Pembroke Pines has not published a consolidated AUM figure for the OPEB Trust. The available public record only identifies specific property holdings and cash accounts without aggregating a total trust value.
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