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Okeechobee Police Officers' Retirement System
The Okeechobee Police Officers' Retirement System is a public pension fund sponsored by the city of Okeechobee, Florida. It provides retirement benefits...
Okeechobee Police Officers' Retirement System
The Okeechobee Police Officers' Retirement System is a public pension fund sponsored by the city of Okeechobee, Florida. It provides retirement benefits exclusively to police officers, with governance split between two trustees elected by the fund's membership and two trustees appointed by the city council. A fifth trustee is selected by the other four. The board belongs to the Florida Public Pension Trustees Association. The fund's investable assets are allocated across three primary sleeves: domestic equity, international equity, and fixed income, augmented by cash and cash equivalents. The equity portfolios and the fixed-income sleeve are administered from Atlanta, Georgia. The asset mix contains no explicit private-equity, venture-capital, or real-asset mandates based on available disclosures, consistent with the liquidity needs and overhead constraints of a municipal plan of its size. The system is embedded in the City of Okeechobee's administrative apparatus, with no separate office or dedicated investment staff. Trustees oversee the plan's compliance with Florida statutory reporting and actuarial requirements. No fundraising anniversaries, commitment closes, or separately incorporated investment vehicles have been reported. Structurally, the plan differs from pooled statewide Florida systems: it is a single-employer, police-only trust that retains local trustee control over its investment policy. That governance model gives the sponsor direct say in the plan's risk budget while keeping the cost structure lean — a trade-off common among sub-scale municipal first-responder funds.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
Okeechobee
Corporate office
Okeechobee, FL, United States
Principals
Jason Chapman
Trustee (Active Fund Member Elected by Fund Membership)
Bettye Taylor
Trustee (Active Fund Member Elected by Fund Membership)
Cody Daigneault
Trustee (City Resident Appointed by City Council)
Ray Worley
Trustee (City Resident Appointed by City Council)
Ryan Holroyd
Fifth Trustee (Appointed by the other 4 members)
Frequently asked questions
Who makes investment decisions for the Okeechobee Police Officers' Retirement System?
A five-member board of trustees overseen by the City of Okeechobee governs the fund. Two trustees are active members elected by the plan's police-officer participants; two are city residents appointed by the city council; the fifth trustee is appointed by the other four members. There is no disclosed in-house chief investment officer or external consultant, and the investment portfolios are administered from Atlanta.
What is the plan's investment strategy?
The pension fund allocates capital across three traditional public-market sleeves: domestic equity, international equity, and fixed income. Cash and cash equivalents supplement the portfolio. No commitments to private equity, venture capital, hedge funds, real estate, or infrastructure have been disclosed, suggesting a liquidity-focused mandate typical for a municipal plan of this scale.
How is the retirement system related to the City of Okeechobee?
The City of Okeechobee is the plan sponsor and contributes to the fund. The pension operates under Florida state statutes that mandate regular actuarial valuations and compliance reporting. The city's administrative framework houses the plan, and the city council appoints two of the five trustees who govern it.
Does the fund use external asset managers?
The disclosure that the equity and fixed-income portfolios are based in Atlanta, Georgia, implies the use of external managers or a custodian located there, but the specific firms and mandate structures have not been publicly reported. No manager names appear in available city documents.
What is the fund's current actuarial funding status?
The funding ratio and unfunded actuarial accrued liability are publicly available only through the plan's periodic actuarial valuation reports filed with the Florida Department of Management Services. The most recent report is not embedded in the city's general website, so the current funded status is not captured here.
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