Pinellas Park (Fla.) Police Officers' Pension Fund

Pinellas Park (Fla.) Police Officers' Pension Fund

The Pinellas Park (Fla.) Police Officers' Pension Fund is a single-employer defined-benefit plan sponsored by the City of Pinellas Park, Florida. The plan covers police officers employed by the city and operates under Chapter 185 of the Florida Statutes, which governs municipal police pension funds. A Board of Trustees — including named member Marcus Hurt — oversees investment policy, benefit payments, and compliance with state reporting requirements. The board typically includes police officer representatives, city appointees, and citizen members, as mandated by Florida law. The fund allocates capital across a diversified institutional portfolio, with asset classes that commonly include domestic and international equities, fixed income, real estate, and private markets such as private equity and infrastructure. Like many Florida municipal plans, it likely participates in pooled investment vehicles through the Florida Public Pension Trustees Association (FPPTA), to which the fund belongs. The fund's investment policy statement — approved by the board — sets target allocations and benchmarks, with the actuarial assumed rate of return driving strategic tilts toward growth assets or liability-hedging fixed income. Total assets and actuarial funded status are reported annually to the Florida Department of Management Services, though specific AUM figures are not publicly disclosed in readily accessible filings. The plan's professional network centers on the FPPTA, a statewide body that educates trustees on fiduciary duties and investment governance. Marcus Hurt's board-level involvement reflects the pension's reliance on trustee oversight rather than a dedicated internal investment team — a common model for smaller municipal plans that delegate day-to-day portfolio management to external consultants and fund managers. The fund's structural differentiator is its position within Florida's tightly regulated municipal pension ecosystem. Unlike state-level plans or large county systems, this plan operates close to the city sponsor, meaning funding policy and benefit design can shift with local bargaining agreements and property-tax revenue cycles. That proximity makes the board's composition and actuarial assumptions unusually consequential, as funding shortfalls must be addressed through city contributions or benefit adjustments rather than through scale-driven investment returns alone.