Palm Bay Police & Firefighters' Pension Fund

Palm Bay Police & Firefighters' Pension Fund

The Palm Bay Police & Firefighters' Pension Fund was established in 1974 to provide retirement benefits for sworn officers and firefighters of Palm Bay, Florida. The fund is overseen by a board of trustees that sets policy and reviews investments, with day-to-day administration handled by two plan-specific administrators — Patricia Lindsay for police members and Katie Taglia-Polak for fire personnel. The fund hits its 52nd anniversary in May 2026. The investment strategy relies on external management across multiple asset classes. Actuarial reports and board minutes reference allocations to domestic and international equities, fixed income, and real estate. The fund holds a position in the JP Morgan Real Estate Strategic Property Fund, a core open-ended vehicle that provides diversified commercial real estate exposure. No concentrated direct-investment program is evident — the fund operates as a cost-conscious LP allocating capital through commingled institutional vehicles suitable for a municipal plan of its size. With a part-time administrative staff and a board composed of elected and appointed trustees, the fund pairs a frugal operational footprint with professional fiduciary oversight. Trustees Jason Dorey, Anthony Sacco, James Brock and Benjamin Kiszkiel were returned unopposed for the 2026–2028 term, and Tim Lancaster retained the 5th trustee position through August 2026. The fund participates in the Florida Public Pension Trustees Association for continuing education and networking. In Spring 2026 the fund posted a hiring notice for a part-time administrative assistant, underscoring the modest scale of in-house operations. The fund distinguishes itself by unbundling its two membership cohorts — police and fire — at the administrative layer. Each group has a dedicated pension administrator, a structural choice that embeds operational specialization into a small office and ensures retirement calculations, disability claims, and buyback elections are handled by specialists attuned to the distinct bargaining-unit rules of each service.