# City of Springfield (Mo.) Police & Fire Retirement System

City of Springfield (Mo.) Police & Fire Retirement System is a Pension Fund based in Springfield, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Springfield, United States
- **Region:** North America
- **Address:** Springfield, MO, United States
- **Assets under management:** Undisclosed
- **Website:** www.springfieldmo.gov/760/Police-Firefighters-Retirement-System-Bo

## Regulatory record

- **Reports private funds:** No

## About

The City of Springfield (Mo.) Police & Fire Retirement System is a closed, single-employer defined benefit plan serving retired police officers and firefighters of Springfield, Missouri. New municipal safety hires have been enrolled in the statewide Missouri Local Government Employees Retirement System (LAGERS) for over a decade, leaving this legacy plan with a declining active membership base and a mandate focused squarely on meeting accrued benefit promises to existing retirees and vested former employees. Tony Kelley serves as Administrative Director, while Finance Director David Holtmann and pension board member Chad Munsey provide oversight of the system's investment program. The portfolio is deployed across a diversified mix of public equities, fixed income, real estate, private infrastructure, and a significant allocation to secondaries positions. Core public-markets exposure comes through mandates with BlackRock and Fidelity for domestic and international equity strategies. The private-markets sleeve includes holdings in the IFM Global Infrastructure Fund, the PRISA real estate account managed by Prudential Real Estate, and interests in the Prime Storage Fund, a commercial real estate vehicle. The system has historically used secondary-market transactions to manage legacy fund interests, a posture consistent with closed municipal plans seeking to restructure illiquid commitments. Staffing and asset levels are not publicly disclosed, though the plan's governance is intertwined with the City of Springfield's finance department and the LAGERS trustee network. Kelley and Munsey both hold board seats at LAGERS, creating an unusual oversight overlap where administrators of the closed city plan also govern the statewide system that replaced it for new hires. The City of Springfield maintains membership in the Government Finance Officers Association, providing a professional framework for the finance officials involved in pension oversight. Structurally, the retirement system operates as a closed, frozen plan with no incoming active members — a governance profile more analogous to a runoff portfolio than a typical growing public pension. This creates a distinct set of constraints: liabilities are in runoff mode, the funding ratio depends heavily on realized returns, and the city's annual required contribution remains a recurring point in budget negotiations. The secondaries posture offers a practical mechanism for managing private-asset liquidity in this context.

## Sectors

- Secondaries
- Real Estate
- Infrastructure
- Public Equities

## People

- Tony Kelley — Administrative Director
- Chad Munsey — Pension Board Member
- David Holtmann — Director of Finance, City of Springfield

## Questions

### Is this plan still accepting new active members?

No. The City of Springfield (Mo.) Police & Fire Retirement System is a closed plan. New police and fire hires in the city are enrolled in the statewide Missouri Local Government Employees Retirement System (LAGERS). The legacy plan continues to administer benefits for members who earned service credit before the closure date.

### Who makes investment decisions for the retirement system?

Investment policy and oversight are managed through the Police & Fire Pension Board, with administrative direction from Tony Kelley. The City of Springfield's Finance Director, David Holtmann, is also a key official in fund governance. Day-to-day asset management is outsourced to external third-party managers.

### What role do secondary-market transactions play in this portfolio?

The system has historically maintained exposure to secondaries positions, which are flagged as a recurring strategy for the fund. For a closed municipal plan in runoff, secondaries provide a mechanism to manage illiquid fund commitments and adjust the risk profile without the complexities of primary fundraising cycles.

### How is this fund related to the Missouri LAGERS system?

LAGERS is the statewide pension administrator that now enrolls new Springfield safety hires. The legacy Police & Fire plan and LAGERS are linked through overlapping governance: Administrative Director Tony Kelley and Pension Board member Chad Munsey both serve on the LAGERS Board of Trustees, creating shared oversight between the legacy city plan and the state system.

## Related profiles

- [City of Southfield Fire and Police Retirement System](https://altss.com/profile/city-of-southfield-fire-and-police-retirement-system)
- [City of St. Cloud General Employees' Pension Fund](https://altss.com/profile/city-of-st-cloud-general-employees-pension-fund)

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Last updated: 2026-06-03T20:00:00.000Z

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