# City of Pontiac Michigan General Employees' Retirement System City of Pontiac Michigan 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:** 2201 Auburn Rd, Suite B, Auburn Hills, MI 48326, United States - **Assets under management:** Undisclosed - **Website:** www.pontiacgers.org ## Regulatory record - **Reports private funds:** No ## About The City of Pontiac General Employees' Retirement System was established to provide pension benefits for the active, deferred vested, and retired employees of the City of Pontiac, Michigan. Executive Director Xiaotian Xue leads day-to-day administration from an office at 2201 Auburn Road in Auburn Hills. The fund operates in the long shadow of Pontiac's 2009–2013 fiscal crisis, which culminated in a $1.6 billion deficit and the appointment of an emergency financial manager. The pension system emerged from that restructuring with a distinct post-bankruptcy mandate, separating it from the city's direct operational control and requiring disciplined, consultant-driven asset management. Investment strategy is guided by external consultants and a board of trustees rather than an internal investment team. The fund's known portfolio is heavily weighted toward traditional public pension allocations, including domestic equities, fixed income, and real estate. Direct real estate holdings include the system's own office condominium on Auburn Road, held as an income-producing asset. The fund also maintains a separately tracked portfolio of Georgia-based companies, though the specific composition and total deployment remain undisclosed. The board coordinates with investment managers and consultants to set asset-allocation policy, while day-to-day treasury, accounting, and benefit payrolls run through the executive director's office. The system participates in several professional networks that shape its governance posture. Board members and staff maintain active memberships in the Michigan Association of Public Employee Retirement Systems, the National Association of Securities Professionals, and the International Foundation of Employee Benefit Plans. These affiliations provide access to continuing education, fiduciary training, and peer benchmarking. No dedicated investment staff, spin-off vehicles, or co-investment programs are reported — the fund operates through traditional consultant relationships and periodic manager searches. Where most public pension funds serve cities with growing tax bases, Pontiac's system administers benefits for a workforce tied to a municipality that lost roughly 30% of its population between 1970 and 2020. That demographic decline — combined with the bankruptcy-era restructuring — makes the fund's primary structural challenge one of long-term sustainability against a shrinking contributory base, rather than return-chasing or allocation complexity. ## Sectors - Real Estate ## People - Sheldon Albritton — Chairman of the Board of Trustees - Robert Giddings — Vice-Chairman of the Board of Trustees - Tim Greimel — Mayor of Pontiac and Trustee - Xiaotian Xue — Executive Director ## Questions ### Who makes investment decisions for the Pontiac General Employees' Retirement System? The Board of Trustees, chaired by Sheldon Albritton, holds fiduciary authority over investment policy. Vice-Chairman Robert Giddings and Mayor Tim Greimel serve alongside other trustees. Day-to-day administration and coordination with external consultants falls to Executive Director Xiaotian Xue, but the board retains ultimate decision-making responsibility for manager selection, asset allocation, and policy changes. ### How did Pontiac's municipal bankruptcy affect the retirement system? The City of Pontiac entered receivership in 2009 and exited emergency management in 2013, during Michigan's largest municipal bankruptcy to that point. The pension system emerged with a restructured funding model that separated pension administration more clearly from the city's general fund. Post-bankruptcy governance emphasizes consultant oversight and board-level fiduciary controls. ### Does the system invest directly or through external managers? The system relies on external investment managers and consultants rather than an internal investment team. Known direct holdings are limited — the office condominium at 2201 Auburn Road is held as a real estate asset, and a portfolio of Georgia-based companies is separately tracked. All manager selection and allocation decisions flow through board-approved consultant relationships. ### What professional organizations does the system's board participate in? Board members and staff hold memberships in the Michigan Association of Public Employee Retirement Systems, the National Association of Securities Professionals, and the International Foundation of Employee Benefit Plans. These memberships support fiduciary education, regulatory compliance training, and peer benchmarking among public pension administrators. ### Is the Pontiac retirement system consolidated with other Michigan municipal funds? No. The City of Pontiac General Employees' Retirement System operates as an independent public pension plan, distinct from both the statewide Michigan Public School Employees' Retirement System and the Pontiac Police and Fire Retirement System. It serves only general municipal employees of the City of Pontiac. ## Related profiles - [City of Pembroke Pines OPEB Trust](https://altss.com/profile/city-of-pembroke-pines-other-post-employee-trust-fund-opeb) - [City of Port Orange General Employees' Pension Fund](https://altss.com/profile/city-of-port-orange-general-employees-pension-fund) --- Last updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/city-of-pontiac-michigan-general-employees-retirement-system Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology