Pontiac General Employees' Retirement System

Pontiac General Employees' Retirement System

The Pontiac General Employees' Retirement System was established in 1946 to deliver retirement benefits to municipal employees in Pontiac, Michigan. It operates under a board structure with Sheldon Albritton as chairman and Xiaotian Xue as executive director. The fund deploys capital into real estate through vehicles such as Invesco Core Real Estate, Principal U.S. Property Account, and TerraCap Partners IV. Private equity exposure runs through Mesirow Financial Partnership Fund VI and Consequent Capital Management. Public equity positions concentrate in large-cap technology names. Geographic reach centers on the United States with additional commodity index exposure on a global basis. Fixed income assets of approximately $100 million are managed by Robinson Capital and Loomis Sayles. The system reported $480 million in assets under management. It maintains memberships in MAPERS, NCPERS, and NASP. In May 2024 the fund attended the MAPERS Spring Conference in Michigan. Service providers include Dahab Associates as investment advisor since 2010, Gabriel Roeder Smith & Company as actuary, and Comerica Bank as custodian. The fund functions as a municipal pension plan sponsored by the City of Pontiac, with governance and benefit administration tied directly to that municipal relationship rather than to any private wealth source.