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City of Warren Police & Fire Retirement System
The City of Warren Police & Fire Retirement System was established in 1937 as a dedicated municipal entity to provide pension and retirement benefits...
City of Warren Police & Fire Retirement System
The City of Warren Police & Fire Retirement System was established in 1937 as a dedicated municipal entity to provide pension and retirement benefits exclusively for the sworn personnel of Warren's Police and Fire Departments, their widows, and their children. The system also acts as the board of trustees for the City of Warren Police and Fire Retirement Health Benefits Plan and Trust. Investment and administrative oversight is managed by a six-person commission, chaired by Scott Salyers, which operates within the city's governmental structure. As a local-government defined-benefit plan, the system does not pursue a multi-asset-class growth strategy characteristic of large state funds. Public information on asset allocation, external manager relationships, or direct co-investment activity is not disclosed through the city's web presence. The retirement system's financial reporting is embedded in the City of Warren's broader municipal accounting, and detailed portfolio holdings are not separately enumerated on the city website. The system's investment posture is therefore constrained to what is observable through city council minutes and annual comprehensive financial reports. Administrative oversight falls to a commission whose members include city officials such as the Treasurer, Lorie Barnwell, and the City Controller, Richard Fox. The Director of the Retirement System, Jennifer Essenmacher, handles day-to-day operations. The system participates in MAPERS, the Michigan Association of Public Employee Retirement Systems, the state-level professional network for municipal pension administrators. Structurally, the system is notable for its embedded governance within a city administration — the commission includes the city controller and treasurer, blurring the line between plan sponsor and plan fiduciary. This architecture is common among smaller Michigan municipal plans but creates a governance dynamic where investment decisions are made by local officials who also manage the city's operating budget.
General information
Firm type
Pension Fund
Year founded
1937
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Warren
Corporate office
Warren, MI, United States
Principals
Scott Salyers
Chairperson of the Retirement Commission
Brent Chisolm
Vice-Chairperson of the Retirement Commission
Lorie Barnwell
Secretary and City Treasurer
Gregory Paliczuk
Commissioner
Richard Fox
Commissioner and City Controller
Jennifer Essenmacher
Director of the Retirement System
Frequently asked questions
Who runs investment decisions at the City of Warren Police & Fire Retirement System?
Investment oversight falls to the Retirement Commission, chaired by Scott Salyers. The commission includes the City Treasurer, Lorie Barnwell, and the City Controller, Richard Fox, alongside other appointed commissioners. Because the plan does not maintain a separate investment office, decisions are typically made with input from the plan's actuarial consultant and any retained investment consultants, within the framework of city governance.
How is the retirement system governed in relation to the City of Warren?
The system is governed by a quasi-judicial commission whose members include city officials such as the Treasurer and Controller. This embeds pension oversight directly within the municipal government, rather than under an independent board. The commission also serves as trustee for the Police and Fire Retirement Health Benefits Plan and Trust.
Does the system publicly report its asset allocation or investment holdings?
Detailed asset allocation and specific investment holdings are not published on the City of Warren's website. Financial reporting for the retirement system is included in the city's consolidated annual financial reports. Separate, granular investment disclosures are not maintained online by the retirement commission.
Which professional networks does the retirement system belong to?
The system is a member of MAPERS, the Michigan Association of Public Employee Retirement Systems, a professional network that provides education and advocacy for municipal pension administrators across the state.
Who administers the system's day-to-day operations?
Jennifer Essenmacher serves as the Director of the Retirement System, managing benefits administration, member services, and operational functions for both the pension plan and the associated health benefits trust.
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