# Lansing Police & Fire Retirement System Lansing Police & Fire Retirement System is a Pension Fund based in Lansing, United States. ## Overview - **Organization type:** Pension Fund - **Headquarters:** Lansing, United States - **Region:** North America - **Address:** Lansing, MI, United States - **Assets under management:** Undisclosed - **Website:** lansingmi.gov ## Regulatory record - **Reports private funds:** No ## About The Lansing Police & Fire Retirement System operates as an independent municipal pension fund within Michigan's web of locally administered retirement plans, serving the specific beneficiary pool of the city's police officers and firefighters. Governed by a board of trustees that includes departmental representatives, the mayor, and the city's CFO, the fund's governance blends operational proximity to the workforce with the City of Lansing's broader fiscal oversight. The system pays retirement, disability, and survivor benefits, and its financial health is reported annually in actuarial valuations filed with the State of Michigan. The fund's investment strategy is conservative by design, reflecting the liability stream it must service. Asset allocation typically spans domestic and international equities, core fixed income, and an allocation to real assets — real estate and infrastructure — that provides an inflation hedge and income component. While specific manager lineups and direct co-investments are not publicly detailed in a consolidated window, the system participates alongside other Michigan municipal plans in MAPERS (Michigan Association of Public Employee Retirement Systems), which facilitates manager education and potential economies of scale for smaller pools of capital. Its geographic exposure is centered in the United States, with global diversification achieved through commingled fund vehicles. Brad St. Aubin and Eric Wohlfert serve as Chair and Vice-Chair, respectively, each representing the departments whose members depend on the system's solvency. The board also includes Lansing Mayor Andy Schor and City CFO Crystal Thomas, embedding city-level financial oversight directly into the retirement system's governance. The fund participates in NCPERS (National Conference on Public Employee Retirement Systems), a national association that provides benchmarking, fiduciary training, and legislative advocacy for public plans. April 2024: The City of Lansing released its annual actuarial valuation, updating the funded ratio and employer contribution rates for the Police & Fire plan as part of the city's regular fiscal reporting cycle. The system's defining structural characteristic is its statutory isolation: as a closed plan for two specific uniformed departments, it operates with a narrower beneficiary base and a more predictable liability profile than a city-wide general employees' plan. This separation in Michigan's public retirement architecture means its discount rate, amortization policy, and benefit tiers are subject to distinct state legislative mandates — a governance constraint that external asset managers and co-investors should recognize as non-negotiable boundary conditions for the fund's investment policy. ## Sectors - Real Estate - Infrastructure ## People - Brad St. Aubin — Chair of the Board of Trustees - Eric Wohlfert — Vice-Chair of the Board of Trustees - Andy Schor — Trustee, Mayor of Lansing - Crystal Thomas — Trustee, Chief Financial Officer of the City of Lansing - Karen E. Williams — Trustee, Retirement Analyst for the City of Lansing ## Questions ### What is the funded status of the plan, and where is it publicly reported? The plan's funded status is updated annually in an actuarial valuation filed with the City of Lansing and the State of Michigan's Municipal Employees' Retirement System (MERS) unit. The most recent public filing, released in April 2024, sets the employer contribution rate for the fiscal year. These documents are accessible through Lansing's city council meeting records and Michigan's public pension transparency databases. ### How does the plan's statutory framework constrain its investment policy? Michigan's Public Employee Retirement System Investment Act (Act 314 of 1965) sets the fiduciary standard and the list of authorized investments. The fund cannot invest in vehicles that fall outside Michigan's statutory prudent-person boundaries, which limits allocations to certain alternative strategies. Any change to the plan's benefit tiers or amortization schedule requires coordination with state-level approval processes. ### What role do MAPERS and NCPERS play for this specific fund? MAPERS provides a forum for Michigan-specific regulatory updates, manager education, and peer networking among the state's municipal pension administrators. NCPERS offers a national-scale benchmarking and fiduciary training network. Both memberships give the Lansing board access to manager databases, due-diligence resources, and legislative advocacy without requiring a large internal investment staff. ## Related profiles - [Lansing Employees' Retirement System](https://altss.com/profile/lansing-employees-retirement-system) - [Lantana Firefighters' Pension Fund](https://altss.com/profile/lantana-firefighters-pension-fund) --- Last updated: 2026-07-06T00:35:33.494Z Canonical page: https://altss.com/profile/lansing-police-fire-retirement-system Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology