# City of Pontiac General Employees' Retirement System

City of Pontiac General Employees' Retirement System is a Pension Fund based in Auburn Hills, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Auburn Hills, United States
- **Region:** North America
- **Address:** Auburn Hills, MI, United States
- **Assets under management:** $475M (Altss estimate)

## Regulatory record

- **Reports private funds:** No

## About

The City of Pontiac General Employees' Retirement System (GERS) covers non-uniformed municipal workers in Pontiac, Michigan. The system was effectively shut down by emergency managers in 2013 to address the city's financial emergency, freezing accruals and shifting new hires to a defined-contribution structure. GERS was later revived through a 2018 settlement agreement that reestablished governance and restored a measure of financial stability to the plan, with the City of Pontiac Retired Employees' Association (CPREA) as an active counterparty. GERS deploys a portfolio concentrated in commercial real estate and private-markets strategies. Total assets are estimated at $475 million (Altss estimate). The system shares administrative staff and office space with the City of Pontiac Police and Fire Retirement System, its sister plan for uniformed workers. GERS participates in both MAPERS (Michigan Association of Public Employee Retirement Systems) and NCPERS (National Conference on Public Employee Retirement Systems), the standard networking and advocacy bodies for municipal plans of its size, though the system discloses no named investment staff publicly. What distinguishes GERS structurally is its post-emergency-manager legal architecture. Most municipal pension funds operate under continuous statutory governance; GERS was legally extinguished and recreated through multi-party litigation, making its fiduciary posture and investment committee authority a direct product of a court settlement rather than organic charter. This creates an unusually opaque accountability chain — and a concentrated real-estate book — that makes the plan's return assumptions and liquidity profile a live question for any GP soliciting Pontiac as an LP.

## Sectors

- Real Estate
- Private Credit
- Buyout

## Related profiles

- [Stichting Pensioenfonds Avebe](https://altss.com/profile/stichting-pensioenfonds-avebe)
- [Electrical Workers (IBEW) Local 1249](https://altss.com/profile/electrical-workers-ibew-local-1249)

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

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