# General Employees' Retirement Plan

General Employees' Retirement Plan is a Pension Fund based in Cranston, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Cranston, United States
- **Region:** North America
- **Address:** Cranston, RI, United States
- **Founded:** 1967
- **Assets under management:** Undisclosed
- **Website:** cranstonpensionri.gov
- **LinkedIn:** linkedin.com/company/general-employees-trust-fund

## Regulatory record

- **Reports private funds:** No

## About

General Employees' Retirement Plan is a private sector pension fund based in Cranston, Rhode Island, US. It manages approximately $41 million in assets across one fund. Its investment focus is on North America.

## Sectors

- Real Estate
- Private Credit
- Fund of Funds

## People

- Clifford M. Haight — Trustee
- Trevor Vaughn — Trustee
- Andrew Jamison — Trustee

## Questions

### Who makes investment decisions for the Cranston General Employees' Retirement Plan?

Investment oversight rests with the Retirement Board's trustees, including Clifford Haight, Trevor Vaughn, and Andrew Jamison. The trustees set asset allocation policy and select the external managers whose funds compose the portfolio. Day-to-day portfolio management is executed by those third-party managers, not by the board directly.

### How does the plan access private markets?

The plan accesses private real estate markets through commingled funds such as the Heitman America Real Estate Trust and the Morgan Stanley Prime Property Fund. Infrastructure and energy exposure comes via vehicles like the Harvest MLP Income Fund. There is no public evidence of direct co-investments or separate accounts.

### What is the plan's engagement with securities litigation?

The plan participated in class action litigation against Barclays related to the bank's over-issuance of structured debt securities. This signals an active monitoring posture where the pension pursues recoveries when external managers or counterparties breach securities regulations or governance standards.

### How is the pension funded and what is its relationship to the City of Cranston?

The City of Cranston is the plan sponsor and primary contributor. The pension's health is directly tied to the city's fiscal condition and annual budgetary appropriations. Cranston has navigated municipal budget stress in past decades, and the pension's funded ratio has been a recurring subject in local government financial planning.

### Does the plan invest directly in private companies or real estate assets?

No. The plan's investment strategy is entirely fund-of-funds and commingled-vehicle-based. It does not make direct investments in private operating companies or individual real estate properties, relying instead on the sourcing and management capabilities of its selected external managers.

## Related profiles

- [General Employees' Pension for the City of Punta Gorda](https://altss.com/profile/general-employees-pension-for-the-city-of-punta-gorda)
- [General Insurance Corporation of India](https://altss.com/profile/general-insurance-corporation-of-india)

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

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