# North Port Police Officers' Pension - Local Option Trust Fund

North Port Police Officers' Pension - Local Option Trust Fund is a Pension Fund based in North Port, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** North Port, United States
- **Region:** North America
- **Address:** North Port, FL, United States
- **Founded:** 1959
- **Assets under management:** Undisclosed
- **Website:** www.northportfl.gov

## Regulatory record

- **Reports private funds:** No

## About

The North Port Police Officers' Pension - Local Option Trust Fund administers retirement benefits for the City of North Port's police force. Established under Florida Statutes, it operates as a local-option pension trust whose membership is limited to sworn officers of a municipal department in one of Southwest Florida's fastest-expanding communities. The fund's mandate covers defined-benefit pension obligations and deferred retirement option plan accounts, which allow eligible officers to accumulate a lump sum while continuing active service. The trust's investment strategy focuses on core return generation to match actuarial liabilities, though its portfolio composition, asset-class allocations, and fund commitments are not publicly itemized. Specific external managers, direct holdings, or co-investment activity remain undisclosed in publicly available city documents. The fund's operational footprint is entirely North Port, a city of roughly 96,000 residents situated between Tampa and Fort Myers. While the City of North Port publishes its budgets and meeting agendas, the pension trust's board composition, investment consultant relationships, and total assets under management are not apparent in current public materials. The city has undergone rapid population growth, which influences both the department's officer cadet pipeline and the trust's long-term liability projections, and has recently hosted community events at CoolToday Park, the spring-training home of the Atlanta Braves. As a local-option trust created by Florida municipal code, the fund's structural differentiator lies in its statutory isolation from the Florida Retirement System. Unlike most state-level plans and city general-employee funds, this trust is designed exclusively for police officers, granting it a tailored benefit structure, separate board governance, and a dedicated funding stream derived from city contributions and member deposits.

## Questions

### Is the fund part of the Florida Retirement System?

No. The trust operates as a local-option pension plan under Chapter 185 of the Florida Statutes, separate from the Florida Retirement System. It is funded by city contributions and member deposits alongside a state insurance-premium tax revenue share distributed to municipal police pension funds.

### What is the DROP component of the North Port pension?

The Deferred Retirement Option Plan lets eligible North Port police officers freeze their accrued monthly pension benefit while continuing to work, with the frozen benefit accumulating in a separate DROP account. The officer receives the DROP balance as a lump sum upon actual retirement, providing a self-directed savings vehicle in addition to the core monthly pension annuity.

### Does the fund publicly report its asset allocation or investment returns?

No. The pension trust does not publish an annual investment report or asset allocation breakdown on the City of North Port's website. City budget documents reference pension contributions but do not detail the trust's portfolio holdings or manager roster.

### How is the pension trust funded?

Funding comes from three statutory sources: mandatory employee contributions from active police officers, employer contributions appropriated by the City of North Port, and a share of state insurance premium tax revenues distributed under Florida law to local police pension funds that meet minimum benefit standards.

## Related profiles

- [Northpond Ventures](https://altss.com/profile/northpond-ventures)
- [North Providence Police Pension Trust](https://altss.com/profile/north-providence-police-pension-trust)

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Last updated: 2026-08-11T02:43:31.692Z

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