Updated:
City of Taylor Police & Fire Retirement System
The City of Taylor Police & Fire Retirement System was created in 1937 under Michigan Public Act 345 to provide pension and survivor benefits for the city's...
City of Taylor Police & Fire Retirement System
The City of Taylor Police & Fire Retirement System was created in 1937 under Michigan Public Act 345 to provide pension and survivor benefits for the city's police officers and firefighters. It operates as a single-employer public pension fund sponsored by the municipal government of Taylor, Michigan, with a five-member Board of Trustees that includes one police representative, one fire representative, and the City Treasurer. The plan's investment strategy leans into alternatives, primarily through real estate partnerships and secondaries. External relationships include real estate managers American Realty Advisors, Intercontinental Real Estate, Metropolitan Real Estate, and TA Realty, alongside a position with Bloomfield Capital — a specialist in private credit and real estate bridge lending. The geographic footprint concentrates on US commercial and mixed-use properties, with secondary-market exposure offering a potential liquidity sleeve within the otherwise illiquid private portfolio. The fund participates in the Michigan Association of Public Employee Retirement Systems (MAPERS), which connects it to peer pension plans across the state for educational and networking purposes. The board is chaired by Nicolas Hill, with City Treasurer Michelle Tocco serving as a trustee — a structure that embeds municipal fiscal oversight directly into the pension's governance. The system's key structural feature is its statutory basis under a 1937 Michigan act, which governs benefit calculations, board composition, and fiduciary duties. This creates a fixed governance architecture distinct from more flexible private-sector plans, with benefit levels and funding ratios subject to collective bargaining agreements between the City of Taylor and its police and fire unions.
General information
Firm type
Pension Fund
Year founded
1937
Location
Region
North America
Country
United States
City
Taylor
Corporate office
Taylor, MI, United States
Principals
Nicolas Hill
Chairman of the Board of Trustees
Michelle Tocco
City Treasurer and Trustee
Gerry Taylor
Trustee
Shannon Threlkeld
Trustee
Jason Couture
Trustee
Sector focus
Frequently asked questions
Who makes investment decisions for the City of Taylor Police & Fire Retirement System?
The five-member Board of Trustees governs the system. Chairman Nicolas Hill and City Treasurer Michelle Tocco serve alongside trustees Gerry Taylor, Shannon Threlkeld, and Jason Couture. The fund does not publicly disclose a dedicated internal investment staff, which suggests consultant or outsourced-CIO support for manager selection and monitoring.
How does the system invest its assets?
The portfolio includes direct allocations to commercial real estate managers — American Realty Advisors, Intercontinental Real Estate, Metropolitan Real Estate, and TA Realty — and a commitment to Bloomfield Capital for real estate bridge lending and special-situations credit. The plan also has exposure to secondaries. The strategy departs from a typical small-plan allocation that would concentrate in public equities and core fixed income.
Does the system commit to funds or invest directly?
The retirement system commits to external managers rather than making direct property or company acquisitions. Its named real estate and credit managers — American Realty Advisors, Intercontinental Real Estate, Metropolitan Real Estate, TA Realty, and Bloomfield Capital — are third-party firms. The secondaries tag suggests participation in secondary private-market transactions.
What is the size of the City of Taylor Police & Fire Retirement System?
The system does not publicly disclose its assets under management. Altss estimates total assets at approximately $141M based on available financial filings and peer comparisons. That places the plan in the bottom quartile among Michigan public pension funds by asset size.
Is the retirement system part of a larger state or county plan?
No. The City of Taylor Police & Fire Retirement System is a standalone municipal pension plan sponsored solely by the City of Taylor for its police officers and firefighters. It is not consolidated with the Michigan Municipal Employees' Retirement System (MERS) or the State of Michigan Retirement System.
Does the system maintain any philanthropic or community investment programs?
There is no disclosed philanthropic structure or community-investment mandate tied to the pension fund. The system's sole purpose is providing retirement and survivor benefits to eligible Taylor police and fire personnel.
What investment sectors does the system actively avoid?
No public investment-policy statement or board-meeting materials are available that explicitly restrict sectors. The disclosed real estate and credit commitments suggest less emphasis on traditional public equities, large-cap fixed income, and venture capital — though absence of evidence should not be interpreted as a formal exclusion.
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.
Need institutional-grade insight on pension funds?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: