# City of Port Orange General Employees' Pension Fund

City of Port Orange General Employees' Pension Fund is a Pension Fund based in Port Orange, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Port Orange, United States
- **Region:** North America
- **Address:** Port Orange, FL, United States
- **Founded:** 1867
- **Assets under management:** Undisclosed
- **Website:** www.port-orange.org
- **LinkedIn:** https://www.linkedin.com/company/city-of-port-orange

## Regulatory record

- **Reports private funds:** No

## About

The City of Port Orange General Employees' Pension Fund provides retirement security for the municipal workforce of Port Orange, Florida, a coastal city south of Daytona Beach. The system operates a traditional defined-benefit pension alongside a 401(a) plan with Mission Square Retirement and a 457 deferred compensation plan, giving city employees multiple retirement savings tracks. Governance rests with a Board of Trustees composed of elected employee members, appointed citizen members, and the city's Finance Director serving as ex-officio treasurer. The portfolio's known public-facing commitment is a position in the UBS Trumbull Property Fund, a core US diversified real estate vehicle. The fund participates in the Florida local government retirement systems network through the Florida Department of Management Services, Division of Retirement, aligning it with the state's regulatory and actuarial framework for municipal plans. Geographic concentration is domestic, with no disclosed international mandates. Board composition includes two elected employee trustees, Jason Chockley and Roland Berrios, alongside three appointed citizen members: Van Szeto, Tena Granit, and Michael Nadeau. Former Retirement Committee Chairman Peter Fereira brings institutional memory to the governance structure. The fund's size is not publicly reported, but as a single-city municipal plan for a population of roughly 65,000, it operates at the smaller end of the Florida public pension landscape — a cohort that collectively faces pressure from actuarial funding gaps and increasing scrutiny of alternative-asset allocations. Structurally, the fund differs from larger Florida peers like the FRS or the Jacksonville pension systems by maintaining a simpler, consultant-advised model rather than building an internal investment staff. Its blended structure — pairing a traditional DB plan with defined-contribution options — reflects the municipal trend toward risk-sharing with employees while preserving a legacy pension promise for career workers. The board's composition, requiring both employee and citizen representation, adds a governance layer less common in single-employer corporate plans.

## Sectors

- Real Estate

## People

- Irwin Williams — Finance Director and Treasurer, Ex-Officio Member
- Jason Chockley — Elected Employee Member, Board of Trustees
- Roland Berrios — Elected Employee Member, Board of Trustees
- Van Szeto — Appointed Citizen Member, Board of Trustees
- Tena Granit — Appointed Citizen Member, Board of Trustees
- Michael Nadeau — Appointed Citizen Member, Board of Trustees
- Peter Fereira — Former Chairman, Retirement Committee

## Questions

### How does the City of Port Orange structure retirement benefits for its employees?

The city offers a three-tiered retirement system: a traditional defined-benefit pension for general employees, a 401(a) plan administered through Mission Square Retirement, and a 457 deferred compensation plan. This hybrid model shifts some longevity and market risk to employees while preserving a guaranteed benefit for career workers.

### What is the fund's relationship to the Florida Division of Retirement?

The Port Orange fund operates under the umbrella of Florida's local government retirement system network, regulated by the Florida Department of Management Services, Division of Retirement. This subjects the plan to state-level actuarial standards and reporting requirements, but it is not part of the Florida Retirement System, which covers state and county employees.

## Related profiles

- [City of Pontiac Michigan General Employees' Retirement System](https://altss.com/profile/city-of-pontiac-michigan-general-employees-retirement-system)
- [City of Port St. Lucie Municipal Police Officers' Retirement Trust](https://altss.com/profile/city-of-port-st-lucie-municipal-police-officers-retirement-trust)

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

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