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Lansing Police & Fire Retirement System
The Lansing Police & Fire Retirement System administers pension and benefit programs for sworn members of the City of Lansing’s police and fire...
Lansing Police & Fire Retirement System
The Lansing Police & Fire Retirement System administers pension and benefit programs for sworn members of the City of Lansing’s police and fire departments. The board of trustees includes elected and appointed representatives: Chair Brad St. Aubin from the police department, Vice-Chair Eric Wohlfert from the fire department, Mayor Andy Schor, and City CFO Crystal Thomas. Karen E. Williams supports plan administration as the City’s retirement analyst. The fund’s investment posture is shaped by defined-benefit obligations to municipal safety workers. Its known asset-class exposure includes a real assets portfolio concentrating on holdings within the United States. The small, locally governed structure suggests a reliance on commingled funds and consultant-advised allocation rather than direct co-investment programs or internal deal teams; however, the specific mix of public equity, fixed income and private-market commitments is not publicly itemized on the city’s website. The system participates actively in national and state-level public-pension networks, including the National Conference on Public Employee Retirement Systems (NCPERS) and the Michigan Association of Public Employee Retirement Systems (MAPERS). Those memberships provide trustee education, industry benchmarking and peer contact that often shapes asset-allocation decisions at similar municipal plans. No recent operational event — such as a board leadership change, asset-liability study publication or manager search — was verifiable from primary sources in the last 24 months. What sets this plan apart structurally is its integration into the City of Lansing’s administrative apparatus: the mayor and chief financial officer are both trustees, making funding and governance decisions inseparable from the larger municipal budget cycle. This continuity between city leadership and pension oversight creates a single point of accountability but also concentrates fiduciary responsibility within elected and appointed city officials rather than an independent investment committee.
General information
Firm type
Pension Fund
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Lansing
Corporate office
Lansing, Michigan, United States
Principals
Brad St. Aubin
Chair of the Board of Trustees
Eric Wohlfert
Vice-Chair of the Board of Trustees
Andy Schor
Trustee
Crystal Thomas
Trustee
Karen E. Williams
Retirement Analyst
Sector focus
Frequently asked questions
Who runs investment decisions at the Lansing Police & Fire Retirement System?
Investment oversight rests with the Board of Trustees, chaired by Brad St. Aubin and vice-chaired by Eric Wohlfert. The board includes Mayor Andy Schor and City CFO Crystal Thomas, so strategic asset-allocation decisions are made within the City’s administrative leadership. The plan is supported by a retirement analyst, Karen E. Williams. The exact delegation of investment-manager selection and monitoring is not detailed on public city platforms.
How is the Lansing Police & Fire Retirement System funded?
As a municipal defined-benefit plan, it receives contributions from the City of Lansing and participating employees. The City CFO sits on the board, tying pension funding directly to the city’s annual budget process. Specific contribution rates and the plan’s funded ratio are not published on a standalone investor-relations site, but the structure implies that actuarial valuations drive employer and employee contribution levels.
Does the fund commit to external managers or invest directly?
The fund’s size and municipal structure make it highly likely that assets are deployed through external managers and commingled vehicles rather than direct deals. The system’s chief asset-class exposure that is disclosed is a real assets portfolio. It has not published a list of private-market fund commitments, co-investments or direct holdings.
What professional networks does the system belong to?
It is an active member of the Michigan Association of Public Employee Retirement Systems (MAPERS) and the National Conference on Public Employee Retirement Systems (NCPERS). These associations provide trustee education, industry benchmarks and exposure to institutional investment managers, which likely influences the plan’s manager-selection and allocation process.
Where does the Lansing Police & Fire Retirement System invest geographically?
Based on the plan’s disclosed real assets portfolio, its geographic focus is the United States; no cross-border or emerging-market mandates are mentioned in available records. The overall asset-allocation policy across public equity, fixed income and alternatives is not itemized on the City of Lansing’s public website.
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