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City of Venice Police Officers' and Firefighters' Retirement System
The City of Venice Police Officers' and Firefighters' Retirement System serves the sworn public-safety employees of Venice, Florida. Administered under the...
City of Venice Police Officers' and Firefighters' Retirement System
The City of Venice Police Officers' and Firefighters' Retirement System serves the sworn public-safety employees of Venice, Florida. Administered under the municipal government's authority, the plan provides defined-benefit pensions to police officers and firefighters. The system operates with separate oversight boards — one for police and one for firefighters — each chaired by a trustee familiar with the specific demands of public-safety careers. The City of Venice serves as the plan sponsor, funding the actuarially determined contributions required to keep the pension promises current. The fund's investment portfolio is managed to meet the long-term liabilities of its public-safety retirees. Public pension plans of this size typically allocate across a mix of domestic and international equities, fixed income, real estate, and private markets to achieve target returns. The specific asset-class mix and current funded status are not publicly documented on the city's website. The Florida Public Pension Trustees Association (FPPTA) lists the system as a member, indicating the trustees participate in statewide trustee education and governance training alongside other municipal plans. The City of Venice, Florida sponsors the plan, which distinguishes it from the Florida Retirement System (FRS) — the state-level pension that now covers new City of Venice public-safety hires. This means the plan is closed to new entrants and operates as a legacy defined-benefit structure for employees hired before the city transitioned new enrollees to the FRS. Kevin McGrath chairs the Police Pension Board of Trustees, while Edward Van Deusen chairs the Firefighters' Pension Board. The city's annual financial reports disclose the plan's fiduciary net position as a component of the city's overall financial obligations. This plan's structural differentiator is its closed, single-city, public-safety-only design. Unlike statewide pooled pension systems, Venice retains localized governance over benefit decisions and funding policy for its legacy police and fire personnel. The oversight is split between two dedicated boards, which means investment and actuarial decisions are made by trustees focused exclusively on one beneficiary group. The system's liabilities will decline over time as active employees shift fully into FRS coverage and legacy beneficiaries retire.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
Venice
Corporate office
Venice, FL, United States
Principals
Kevin McGrath
Chairman, Police Pension Board of Trustees
Edward Van Deusen
Chairman, Firefighters' Pension Board of Trustees
Frequently asked questions
Who runs investment decisions at the City of Venice Police Officers' and Firefighters' Retirement System?
The system maintains separate boards for police and firefighters. Kevin McGrath chairs the Police Pension Board of Trustees, and Edward Van Deusen chairs the Firefighters' Pension Board. The specific delegation of investment authority — whether the trustees make allocation decisions directly or delegate to an external consultant or outsourced CIO — is not publicly documented for this plan.
How is this plan different from the Florida Retirement System?
The City of Venice plan is a single-employer municipal pension fund for legacy police and fire hires. New City of Venice public-safety employees are now enrolled in the Florida Retirement System (FRS), the state-administered plan. This means the city plan is closed to new participants and will wind down over time as its remaining beneficiaries retire.
Does the plan's funded status appear in public records?
The plan's fiduciary net position is reported in the City of Venice's annual financial statements as a municipal obligation. Specific funded ratios and actuarial assumptions are not disclosed in a centralized public-facing format, but would be available through Florida public records requests or the city's Comprehensive Annual Financial Report.
What is the Florida Public Pension Trustees Association, and how is this plan involved?
The Florida Public Pension Trustees Association (FPPTA) is a statewide organization that provides education, governance training, and advocacy for municipal pension trustees. The City of Venice plan is listed as a member, suggesting its board members participate in FPPTA programs designed to improve fiduciary oversight of Florida's local public pension funds.
Is there a single board or separate boards for police and fire?
There are two separate pension boards. Kevin McGrath chairs the Police Pension Board of Trustees, and Edward Van Deusen chairs the Firefighters' Pension Board. This bifurcated structure allows each board to focus on the specific demographics, disability rules, and benefit tiers applicable to its respective public-safety workforce.
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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