# City of St. Cloud Police and Fire Retirement System

City of St. Cloud Police and Fire Retirement System is a Pension Fund based in St. Cloud, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** St. Cloud, United States
- **Region:** North America
- **Address:** St. Cloud, FL, United States
- **Founded:** 1909
- **Assets under management:** Undisclosed
- **Website:** stcloudfl.gov
- **LinkedIn:** https://www.stcloudfl.gov

## Regulatory record

- **Reports private funds:** No

## About

The City of St. Cloud Police and Fire Retirement System was established to provide retirement security for the sworn personnel of St. Cloud, Florida. The Board of Trustees, led by Chairman Fran Rinehart, Vice Chairman Vinny Shepard, and Secretary John Jones, oversees the plan under the aegis of the City of St. Cloud's municipal government structure. The system serves a closed universe of beneficiaries — active and retired police officers and firefighters — a common arrangement among municipal first-responder plans in Florida. The portfolio blends public fixed-income with direct real estate exposure. Disclosed holdings show a substantial allocation to U.S. Treasury Obligations, supplemented by commitments to institutional real estate funds. The plan participates in the Intercontinental U.S. Real Estate Investment Fund and the American Core Realty Fund, both classified as mixed-use vehicles spanning the United States. This dual-track approach — pairing sovereign credit with professionally managed core real estate — aims to meet actuarial return targets while maintaining the liquidity needed to service monthly benefit payments to retired first responders. Trustees pursue ongoing education through membership in the Florida Public Pension Trustees Association and the National Conference on Public Employee Retirement Systems. These memberships connect the system to a broader network of Florida municipal plans facing similar funding, regulatory, and actuarial challenges. The system's architecture as an embedded municipal plan — rather than an independent trust or state-level pooled vehicle — defines its structural differentiator. All investment and benefit decisions ultimately fall under the purview of the City of St. Cloud government. This governance model offers direct local accountability but also ties the plan's trajectory to the city's broader fiscal health and the attentiveness of its appointed Board.

## Sectors

- Real Estate

## People

- Fran Rinehart — Chairman of the Board of Trustees
- Vinny Shepard — Vice Chairman of the Board of Trustees
- John Jones — Secretary of the Board of Trustees

## Questions

### Who runs investment decisions at the City of St. Cloud Police and Fire Retirement System?

Investment decisions are overseen by the Board of Trustees. Fran Rinehart serves as Chairman, Vinny Shepard as Vice Chairman, and John Jones as Secretary. The Board operates under the authority of the City of St. Cloud government, which is the municipal sponsor of the plan.

### How is the retirement system related to the City of St. Cloud?

The City of St. Cloud is the plan sponsor and founder. The retirement system is not an independent entity; it functions as a municipal pension plan governed by the city. This structure means its funding, investment policy, and benefit payments are all administered within the city's governmental framework.

### What type of investments does the plan hold?

Disclosed holdings include U.S. Treasury Obligations and commitments to two institutional real estate funds: the Intercontinental U.S. Real Estate Investment Fund and the American Core Realty Fund. Both real estate funds are classified as mixed-use vehicles investing across the United States.

### Does the Board of Trustees participate in any educational or industry associations?

Yes. The trustees are active members of the Florida Public Pension Trustees Association (FPPTA) and the National Conference on Public Employee Retirement Systems (NCPERS). The FPPTA provides Florida-specific certification and continuing education for public pension trustees.

## Related profiles

- [City of St. Cloud General Employees' Pension Fund](https://altss.com/profile/city-of-st-cloud-general-employees-pension-fund)
- [City of Stamford Firefighters' Pension Trust Fund](https://altss.com/profile/city-of-stamford-firefighters-pension-trust-fund)

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

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