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Jacksonville (Fla.) City Employees Retirement System
The Jacksonville City Employees Retirement System functions as a public defined-benefit plan sponsored by the City of Jacksonville. It was established to...
Jacksonville (Fla.) City Employees Retirement System
The Jacksonville City Employees Retirement System functions as a public defined-benefit plan sponsored by the City of Jacksonville. It was established to provide retirement benefits to city employees. The plan relies on external managers for day-to-day investment execution. Allocations span public equities through separately managed accounts and commingled funds, alongside a series of real estate vehicles. Confirmed holdings include positions with Eagle Capital, Acadian, Loomis Sayles, Wellington, and multiple real estate funds such as Principal US Property, UBS Trumbull Property, and PGIM PRISA II. Geographic exposure centers on the United States with additional international equity coverage. The Board of Pension Trustees oversees the plan with support from RVK as investment advisor, BNY Mellon as custodian, and Segal as actuary. A September 2025 board meeting addressed investment performance and manager updates. The system participates in industry groups including NCPERS and FPPTA. Governance centers on a board structure tied directly to the sponsoring municipality, with the City Treasurer holding a formal trustee role.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
Jacksonville
Principals
Joey Greive
City Treasurer and member of the Board of Pension Trustees
Bernardo
Chair of the Board of Pension Trustees
Sector focus
Frequently asked questions
Who runs investment decisions at Jacksonville City Employees Retirement System?
The Board of Pension Trustees holds oversight responsibility. Joey Greive serves as City Treasurer and trustee while Bernardo acts as board chair. RVK provides ongoing investment advisory services.
Does Jacksonville City Employees Retirement System participate in fund commitments or only direct deals?
The system invests through fund vehicles and separately managed accounts. Real estate holdings include multiple limited partnership commitments. Public equity exposure occurs via both SMAs and commingled funds.
What investment stages or asset classes does Jacksonville City Employees Retirement System target?
Core and value-add real estate funds form a visible portion of the portfolio. Public equity mandates cover large-cap, small/mid-cap, international, and emerging markets. Private credit exposure appears through a secured income fund.
How is Jacksonville City Employees Retirement System related to the City of Jacksonville?
The City of Jacksonville serves as the plan sponsor. The City Treasurer holds a seat on the Board of Pension Trustees. The plan exists solely to serve city employees.
Which service providers support Jacksonville City Employees Retirement System?
RVK acts as investment advisor. BNY Mellon serves as custodian. Segal provides actuarial services. Legal counsel is supplied by Klausner, Kaufman, Jensen & Levinson.
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