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City of Port St. Lucie Municipal Police Officers' Retirement Trust
The trust was established to provide defined-benefit retirement security for eligible police officers employed by the City of Port St. Lucie, Florida.
City of Port St. Lucie Municipal Police Officers' Retirement Trust
The trust was established to provide defined-benefit retirement security for eligible police officers employed by the City of Port St. Lucie, Florida. Governance rests with a five-member Board of Trustees chaired by Paul Griffith, with Tara Pavlyshin serving as Secretary. Two seats — held by Dan Kleman and Brian Reuther — are filled by city council appointment, linking the board's composition directly to municipal oversight. The plan sponsor and contributing employer is the City of Port St. Lucie itself. As a Florida municipal pension fund, the trust operates under the investment standards set forth in Florida Statutes Chapter 185, which governs municipal police officers' retirement plans. The board selects external investment managers rather than deploying capital directly, a structure typical of sub-billion-dollar municipal plans that outsource portfolio construction to institutional consultants and OCIO providers. The fund participates in the educational and trustee-governance network of the Florida Public Pension Trustees Association, which shapes continuing education for board members on fiduciary duty and asset allocation. The trust's scale is not publicly disclosed, though Florida municipal police plans of comparable city size — Port St. Lucie's population exceeds 200,000 — typically hold assets in the range of $50 million to $150 million based on population and contribution-rate benchmarks (Altss estimate). The fund maintains a local administrative footprint without additional offices, consistent with a single-city municipal plan whose beneficiaries serve, and largely reside in, the Port St. Lucie jurisdiction. The plan's structural differentiator is governance proximity: two of five board seats are direct City Council appointments, giving elected officials a channel into fiduciary decisions that at larger state-level plans would be insulated by independent trustee selection. This creates a hyper-local accountability loop — the same city council that negotiates police compensation also names trustees who steward the retirement assets backing those obligations.
General information
Firm type
Pension Fund
Year founded
1961
Location
Region
North America
Country
United States
City
Port St. Lucie
Corporate office
Port St. Lucie, FL, United States
Principals
Paul Griffith
Chairman of the Board of Trustees
Tara Pavlyshin
Secretary and Trustee
Carmine Izzo
Trustee
Dan Kleman
Trustee (City Council Appointee)
Brian Reuther
Trustee (City Council Appointee)
Frequently asked questions
Who makes investment decisions for this trust?
The five-member Board of Trustees holds fiduciary authority over investment decisions. Paul Griffith serves as Chairman, with Tara Pavlyshin as Secretary and Trustee. Two additional seats are filled by City Council appointees, and the board typically acts on recommendations from an external investment consultant or OCIO retained for portfolio management.
What legal framework governs the trust's investments?
The trust operates under Florida Statutes Chapter 185, which establishes investment standards, fiduciary duties, and governance requirements for municipal police officers' retirement plans in the state. The statute defines permissible asset classes and prudent-investor standards that shape the board's allocation decisions.
Does the trust directly invest in private markets, or does it use external managers?
Public municipal pension plans of this scale almost universally allocate through external fund managers and investment consultants rather than making direct private-market investments. The board selects and monitors these external relationships, a model consistent with Florida municipal practice for sub-billion-dollar plans.
Who is the plan sponsor responsible for funding obligations?
The City of Port St. Lucie is the plan sponsor and contributing employer. The city makes annual contributions alongside employee contributions from participating police officers, with contribution rates set by actuarial valuation to meet future benefit obligations.
How are board members selected, and what is the governance structure?
The five-member board includes both designated trustees and City Council appointees. Two seats go to council-appointed trustees — currently Dan Kleman and Brian Reuther — while the remaining seats, including the Chairman and Secretary roles, are filled through plan governance provisions. This structure gives the City Council direct fiduciary influence over police retirement assets.
What continuing education or trustee training does the board undertake?
The trust is an active member of the Florida Public Pension Trustees Association, which provides educational programming, fiduciary training, and peer networking for Florida municipal pension trustees. FPPTA participation is a common vehicle for board members to meet the continuing-education expectations embedded in Florida's public-pension governance standards.
Does the trust participate in any pooled investment arrangements with other Florida municipal plans?
Smaller Florida municipal pension plans occasionally participate in state-sponsored pooled investment vehicles or retain shared consultants, though no public record confirms such arrangements specifically for this trust. The board's independent fiduciary authority permits such participation if deemed consistent with the plan's investment policy statement.
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