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Prince George's County Fire Service
Prince George's County Fire Service operates as a municipal pension fund for 7,000+ firefighters and EMS personnel in Maryland, led by Fire Chief Tiffany...
Prince George's County Fire Service
Prince George's County Fire Service operates as both a municipal fire/EMS department and a pension fund for its active and retired personnel. The department serves over 900,000 residents in suburban Maryland, adjacent to Washington, D.C. As a public defined-benefit plan, contributions come from county tax revenue and employee payroll deductions, with benefits paid out to retirees under Maryland state statute. (public record) The pension portfolio is not publicly disclosed in detail, but typical public safety pension funds allocate across fixed income, equities, and real estate to generate returns for long-duration liabilities. The department's physical infrastructure includes fire stations such as Hyattsville Fire/EMS Station (Company 801) at 6200 Belcrest Road and Beltsville Fire Station (Company 831) at 4911 Prince Georges Avenue. The fleet includes fire engines, aerial ladder trucks, EMS transport units, and Rescue Squad 820. Real estate holdings include multiple station buildings across the county. (Altss estimate) County Executive Angela Alsobrooks oversees the department's funding through the county budget. Fire Chief Tiffany Green, appointed in 2021, is the first woman to lead the department. The department's Pension Plan is administered from Upper Marlboro, MD. Affiliated philanthropic entities include the Prince George County Public Safety Foundation and The Prince George's County FireSafety Foundation, which support equipment and survivor programs. The department holds memberships in the Congressional Fire Services Institute, Center for Public Safety Excellence, and National Fallen Firefighters Foundation. (public record) The pension is structurally distinct from a private endowment because it operates under Maryland's public employee retirement law, with benefits defined by collective bargaining and state legislation. Unlike a family office or venture firm, it does not seek alpha through alternative assets at scale; instead, it focuses on capital preservation and meeting actuarial obligations to 7,000+ plan participants and their families. (public record)
General information
Firm type
Pension Fund
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Largo
Corporate office
Largo, MD, United States
Principals
Tiffany Green
Fire Chief
Angela Alsobrooks
County Executive
Richard Riley
Fire Apparatus Manager
Sector focus
Frequently asked questions
Who runs investment decisions at Prince George's County Fire Service pension plan?
Investment decisions are managed by the Prince George's County government, acting through the county executive and financial team. Fire Chief Tiffany Green oversees the operating budget of the Fire/EMS Department but does not make direct investment allocation decisions for the pension trust. The pension fund is governed by Maryland state law and county ordinances. (public record)
What is the structure of the pension plan?
It is a defined-benefit pension plan, meaning retirees receive a fixed monthly benefit based on years of service and final salary. Contributions come from both the employer (Prince George's County) and employees. The plan is administered separately from the county's general fund and is subject to actuarial valuations. (public record)
Does the pension plan invest in alternative assets like private equity or hedge funds?
Public pension plans of this scale typically allocate the majority of assets to fixed income and public equities, but some may include real estate or other alternatives. However, the specific allocation of the Prince George's County Fire Service pension is not publicly detailed beyond broad state reporting. (Altss estimate)
How is the pension fund related to the county's other financial obligations?
The pension fund is an independent trust fund, not part of the county's operating budget. However, the county contributes a percentage of payroll each year to fund the plan's liabilities. Any shortfall in returns may require increased contributions from the county, potentially impacting general fund resources. (public record)
What are the philanthropic arms of the Fire Service?
Two foundations support the department: The Prince George County Public Safety Foundation and The Prince George's County FireSafety Foundation. These entities raise private funds for fire safety education, survivor support, and equipment that falls outside the county budget. They are separate from the pension plan. (Altss estimate)
Which geographic region does the pension plan cover?
The plan covers active and retired firefighters and EMS personnel of Prince George's County, Maryland. The county borders Washington, D.C., and includes urban, suburban, and rural areas. (public record)
How many participants are in the pension plan?
The plan serves the more than 7,000 members of the Prince George's County Fire/EMS Department, including both active employees and retirees. The exact count changes with hiring and retirements. (Altss estimate)
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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