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City of Sioux Falls Pension and Health Care Trust Funds
The City of Sioux Falls Pension and Health Care Trust Funds administers retirement benefits for municipal workers, operating as a dual-board structure with the...
City of Sioux Falls Pension and Health Care Trust Funds
The City of Sioux Falls Pension and Health Care Trust Funds administers retirement benefits for municipal workers, operating as a dual-board structure with the Employee's Retirement System and the Firefighter's Pension Fund under separate trustee committees. Chair Donn Hill leads the oversight body, with Mark Sivertson, Bennett Kyte, Angeline Lavin, Amy Richardson, Jeremy Krahn, and Kurt Peppel serving on the Employee's Board, while Ryan Cox, Darin Cox, Matt Adamson, and Tyler Stewart govern the Firefighter's Fund. The fund's known commitments target institutional real estate through pooled vehicles. Confirmed holdings include stakes in the Prudential Open Ended Core Real Estate Fund, a mixed-use vehicle, and the Principal Open Ended Value Add Real Estate Fund. These allocations suggest a preference for intermediated property exposure via established insurance-company platforms rather than direct asset acquisition — a posture consistent with mid-sized municipal plans that outsource specialized portfolio construction. The City's pension governance participates in Council of Institutional Investors initiatives, signaling engagement with corporate governance and shareholder-rights debates alongside larger public funds. Specific AUM and aggregate deployment figures are not publicly disclosed, consistent with many municipal plans that report through actuarial filings rather than marketing channels. The dual-board architecture creates separate fiduciary paths for general employees and public-safety personnel — a structural feature common among municipal systems where benefit tiers, funding ratios, and statutory contribution rules diverge by membership class.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
Sioux Falls
Corporate office
Sioux Falls, SD, United States
Principals
Donn Hill
Chair of the Board of Trustees
Mark Sivertson
Board Member, Employee's Retirement System
Bennett Kyte
Board Member, Employee's Retirement System
Angeline Lavin
Board Member, Employee's Retirement System
Amy Richardson
Board Member, Employee's Retirement System
Jeremy Krahn
Board Member, Employee's Retirement System
Kurt Peppel
Board Member, Employee's Retirement System
Ryan Cox
Board Member, Firefighter's Pension Fund
Darin Cox
Board Member, Firefighter's Pension Fund
Matt Adamson
Board Member, Firefighter's Pension Fund
Tyler Stewart
Board Member, Firefighter's Pension Fund
Sector focus
Frequently asked questions
Who runs investment decisions at the City of Sioux Falls Pension and Health Care Trust Funds?
A Board of Trustees, chaired by Donn Hill, governs the funds. The Employee's Retirement System and Firefighter's Pension Fund each maintain separate board rosters drawn from city administration and plan membership. Investment decisions are made at the trustee level, with day-to-day management typically supported by city finance staff and external consultants.
How is the Firefighter's Pension Fund structured relative to the general employee plan?
The Firefighter's Pension Fund operates with a distinct board including Ryan Cox, Darin Cox, Matt Adamson, and Tyler Stewart. This separation reflects statutory requirements for public-safety pensions, which often carry different benefit formulas, contribution rates, and funding schedules than general municipal plans.
What real estate exposure does the fund maintain?
Known commitments include the Prudential Open Ended Core Real Estate Fund and the Principal Open Ended Value Add Real Estate Fund, both pooled vehicles investing across mixed-use properties. These relationships indicate a preference for core and value-add strategies through institutional fund managers rather than separate accounts or direct property ownership.
Does the fund disclose its total assets under management?
No. The City of Sioux Falls does not publicly market aggregate AUM figures for its pension trusts. Like many municipal plans, financial details appear in actuarial valuations and annual comprehensive financial reports filed with the city, but are not consolidated into an investor-facing AUM disclosure.
Does the fund engage in shareholder activism or corporate governance initiatives?
Yes, through its membership in the Council of Institutional Investors. The fund participates in CII meetings and corporate governance initiatives, aligning with the organization's focus on shareholder rights, board accountability, and regulatory advocacy.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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