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Pinellas Park General Employees' Pension Fund
The City of Pinellas Park sponsors three separate defined-benefit pension plans — the General Employees' Pension Fund, the Firefighters' Pension Plan, and the...
Pinellas Park General Employees' Pension Fund
The City of Pinellas Park sponsors three separate defined-benefit pension plans — the General Employees' Pension Fund, the Firefighters' Pension Plan, and the Police Officers' Pension Plan — each governed by its own board of trustees. Finance Administrator Kelly Schrader and Assistant Finance Administrator Joy Yeates serve as the primary administrative contacts for the plans, a common arrangement in smaller Florida municipalities where pension administration sits inside the city finance department rather than at a dedicated investment office. Asset allocation spans domestic and international equity, domestic and global fixed income, a real-return portfolio, and a dedicated alternatives sleeve. Within real assets, known commitments include positions in the Principal Diversified Real Estate Fund, the Principal U.S. Property Fund, and an Intercontinental Real Estate Fund with a mixed-use mandate — all core or core-plus commercial property vehicles. The alternatives bucket also shows an explicit distressed-debt strategy tag, suggesting participation in credit-oriented private-market funds rather than just equity long-only. No direct co-investments or separate accounts are publicly documented; the fund appears to invest exclusively through commingled institutional vehicles. The plan maintains active membership in the Florida Public Pension Trustees Association, which provides trustee education and networking for the state's municipal pension boards. With an estimated $99 million across the three plans (Altss estimate), the combined pool sits below the threshold where Florida municipalities typically hire a dedicated chief investment officer, leaving asset-allocation decisions to the respective boards with administrative support from city finance staff. Florida law requires each of these plans to operate as a legally distinct trust with its own board composition and actuarial reporting, even when administered by the same city personnel. That structure — three boards, three actuarial valuations, one finance-department team — creates a governance footprint larger than the asset base suggests, and makes any change in investment policy a multi-board negotiation rather than a single CIO decision.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
Pinellas Park
Corporate office
Pinellas Park, FL, United States
Principals
Kelly Schrader
Finance Administrator
Joy Yeates
Assistant Finance Administrator
Sandra Bradbury
Chairman, Firefighters' Pension Fund Board of Trustees
Alan Swartz
Resident Trustee
Marcus Hurt
Trustee, Police Officers' Pension Fund
Sector focus
Frequently asked questions
How many separate pension plans does the City of Pinellas Park sponsor?
Three legally distinct defined-benefit plans: the General Employees' Pension Fund, the Firefighters' Pension Plan, and the Police Officers' Pension Plan. Each plan maintains its own board of trustees, actuarial valuation, and funding policy under Florida law, even though administration runs through the same city finance department personnel.
Who makes investment decisions for the Pinellas Park pension plans?
Each plan's board of trustees holds fiduciary responsibility for investment policy and manager selection. Finance Administrator Kelly Schrader and Assistant Finance Administrator Joy Yeates handle day-to-day administration from within the city's finance department. The boards participate in the Florida Public Pension Trustees Association for trustee education and networking.
What external managers or funds does the pension fund use?
Known commitments are concentrated in core and core-plus real estate vehicles, including the Principal Diversified Real Estate Fund, the Principal U.S. Property Fund, and an Intercontinental Real Estate Fund with a mixed-use mandate. The alternatives sleeve also carries a distressed-debt strategy tag, indicating allocations to credit-oriented private-market funds.
What is the total size of the combined pension assets?
The fund does not publicly disclose consolidated AUM. Altss estimates the combined pool across the three plans at roughly $99 million, based on available filings and comparable Florida municipal plans of similar size and structure (Altss estimate).
Does the fund invest directly or only through commingled vehicles?
All documented positions are in commingled institutional funds — there is no evidence of direct co-investments, separate accounts, or internally managed portfolios. This fund-of-funds posture is typical for Florida municipal plans below roughly $200 million in assets, where boards lack dedicated investment staff.
How are the three plans governed differently?
Florida law requires each municipal pension plan to operate as a separate legal trust with its own board. For Pinellas Park, Sandra Bradbury chairs the Firefighters' Pension Fund Board, Marcus Hurt serves as a trustee for the Police Officers' Pension Fund, and Alan Swartz sits as a resident trustee on the General Employees' board. This means any change in investment policy or manager lineup must clear three separate board votes.
Does the fund have a dedicated chief investment officer or investment staff?
No dedicated CIO or internal investment team is evident. At the estimated asset level, investment oversight falls to the respective boards with administrative support from the city finance department — a staffing model common among Florida municipal plans below the $200 million threshold.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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