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City of Springfield (Mo.) Police & Fire Retirement System
The City of Springfield (Mo.) Police & Fire Retirement System is a public defined-benefit pension fund established to provide retirement benefits for...
City of Springfield (Mo.) Police & Fire Retirement System
The City of Springfield (Mo.) Police & Fire Retirement System is a public defined-benefit pension fund established to provide retirement benefits for Springfield police officers and firefighters. The fund is sponsored by the City of Springfield, with David Holtmann serving as Director of Finance and providing fiscal oversight. Tony Kelley serves as the Administrative Director, managing day-to-day operations. The fund's investment strategy employs a diversified multi-asset approach with allocation to public equities, real estate, infrastructure, and secondaries. Reported holdings include PRISA (Prudential Real Estate), Prime Storage Fund for commercial real estate, IFM Global Infrastructure Fund for global infrastructure exposure, BlackRock Russell Index Fund for US equities, and Fidelity International Equity for international exposure. The fund utilizes secondaries as a strategy across multiple asset classes (per public record). The fund maintains relationships with the Missouri Local Government Employees Retirement System (LAGERS), which enrolls new Springfield police and fire hires. Tony Kelley and Chad Munsey serve on the LAGERS Board of Trustees. The City of Springfield Finance Department is a long-standing member of the Government Finance Officers Association (GFOA). The system's team size is not publicly disclosed. The fund's structural differentiator is its coexistence with LAGERS — new hires enter the state-run system while existing members remain in the city-level plan. This dual-structure arrangement is unusual among small to midsize Missouri municipal pension systems and reflects a phased transition toward state administration.
General information
Firm type
Pension Fund
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Springfield
Corporate office
Springfield, MO, United States
Principals
Tony Kelley
Administrative Director
David Holtmann
Director of Finance for the City of Springfield
Chad Munsey
Member of the Police & Fire Pension Board
Sector focus
Frequently asked questions
Who oversees the City of Springfield Police & Fire Retirement System?
The system is overseen by the City of Springfield's Finance Department, with David Holtmann as Director of Finance and Tony Kelley as Administrative Director. Chad Munsey also serves on the pension board that governs the fund. Operational decisions are subject to the city's overall fiscal governance.
What is the relationship between the Springfield pension fund and LAGERS?
The Missouri Local Government Employees Retirement System (LAGERS) is a separate state-run retirement system. New Springfield police and fire hires are enrolled in LAGERS rather than the city-level plan. Tony Kelley and Chad Munsey serve on the LAGERS Board of Trustees, providing oversight of both systems.
What investment strategies does the fund employ?
The fund allocates across public equities, real estate, infrastructure, and uses secondaries as a repeated strategy across multiple asset classes (per public record). Holdings include PRISA and Prime Storage Fund for real estate, IFM Global Infrastructure Fund for infrastructure, and BlackRock and Fidelity funds for equities.
Does the fund make direct investments or use external managers?
Based on available public records, the fund appears to invest through external managers and commingled funds rather than making direct investments. Holdings include BlackRock Russell Index Fund, Fidelity International Equity, and PRISA from Prudential Real Estate.
Where is the fund headquartered and what is its geographic investment focus?
The fund is headquartered in Springfield, Missouri. Its investment portfolio is global in scope, with real estate holdings in the US (PRISA and Prime Storage Fund), global infrastructure via IFM, and international equity exposure through Fidelity International Equity.
What is the fund's governance structure?
The fund is governed by the City of Springfield's Finance Department, with David Holtmann as Director of Finance. A pension board with members including Chad Munsey provides oversight. The system operates as a municipal pension under Missouri state law.
How does the fund's structure differ from other municipal pension plans?
The fund has a notable structural feature: new hires are enrolled in LAGERS while existing members remain in the city-level plan. This phased transition to state administration is uncommon among small to midsize Missouri municipal pension systems.
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