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Pueblo County Employees' Retirement Plan
The Pueblo County Employees' Retirement Plan is the defined-benefit pension fund for public workers in Pueblo County, Colorado. Governed by a board chaired by...
Pueblo County Employees' Retirement Plan
The Pueblo County Employees' Retirement Plan is the defined-benefit pension fund for public workers in Pueblo County, Colorado. Governed by a board chaired by Kathy Koen, with County Treasurer Kimberly Archuletta serving as a board member and Joel Thompson as Plan Administrator, the plan receives advisory support from CAPTRUST senior consultant Dale A. Connors. Its primary mission is delivering retirement security to eligible county employees through a professionally managed investment portfolio. Asset allocation tilts toward real estate and credit. The portfolio holds direct interests through the Principal US Property Account, a mixed-use core real estate vehicle, alongside commitments to commercial real estate debt via the Principal Open-Ended Debt Fund and the Principal Real Estate Debt Fund series. It also invests in Harbert US Real Estate Fund V and VI, indicating a multi-manager approach to US commercial property. On the credit side, confirmed positions include the Western Asset Core Plus Bond Fund and the MassMutual Global Floating Rate Fund, providing core fixed-income exposure and floating-rate debt. The plan participates in the Centennial State Liquid Investment Pool, where Treasurer Archuletta sits on the board, reflecting engagement with Colorado's local government investment cooperative. The plan's sponsor is the Pueblo County Government, and its financial reporting has earned the Government Finance Officers Association's Certificate of Achievement for Excellence in Financial Reporting. While the plan does not disclose a total deployment number, the known portfolio suggests an emphasis on income-producing assets. Adjacent to its financial investments, the county maintains cultural assets including the Francis King Collection of Western Art at the Sangre de Cristo Arts Center. Structurally, the plan operates with an elected official — the County Treasurer — embedded in its governance, a design that keeps fiduciary oversight directly linked to the county's political accountability. Its use of external consultants and pooled investment vehicles reflects the resource model common to mid-sized municipal pension funds that outsource day-to-day asset management while retaining local board control over strategic allocation.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
Pueblo
Corporate office
Pueblo, Colorado, United States
Principals
Kathy Koen
Board Chair
Joel Thompson
Plan Administrator
Kimberly Archuletta
County Treasurer and Board Member
Sector focus
Frequently asked questions
Who is responsible for investment oversight at the Pueblo County Employees' Retirement Plan?
A retirement board chaired by Kathy Koen governs the plan. County Treasurer Kimberly Archuletta and Plan Administrator Joel Thompson hold key operational roles. The plan retained CAPTRUST as an investment consultant, with Senior Consultant Dale A. Connors providing advisory services.
How is the plan's real estate exposure structured?
The plan uses a mix of direct account participation and fund commitments. Holdings include the Principal US Property Account, a diversified core real estate vehicle, and multiple debt-focused funds managed by Principal Real Estate. It has also committed to value-add commercial real estate through Harbert US Real Estate Fund V and VI.
Does the Pueblo County plan manage assets internally or outsource?
Investment management is largely outsourced. The plan selects external fund managers for core mandates — Western Asset for core-plus fixed income, MassMutual for floating-rate credit, and Principal Real Estate and Harbert for real estate — while the board maintains strategic oversight and hires a consultant for fiduciary and portfolio advice.
What role does the Pueblo County Treasurer play in the retirement plan?
The County Treasurer, currently Kimberly Archuletta, serves on the retirement board. She also represents Pueblo County on the board of the Centennial State Liquid Investment Pool, a Colorado local government investment cooperative, linking the plan's cash management to broader in-state public-sector treasury practices.
Is the plan's financial reporting publicly accessible?
Yes. The plan publishes annual financial reports as part of Pueblo County's disclosures, which have historically received the Government Finance Officers Association's Certificate of Achievement for Excellence in Financial Reporting.
What is the relationship between the plan and Pueblo County Government?
Pueblo County Government is the plan sponsor. It funds employer contributions and employs the plan's participants. The plan is a component unit of the county's financial reporting entity, meaning its assets and obligations are disclosed in Pueblo County's consolidated financial statements.
Does the plan make direct private equity or venture commitments?
The disclosed portfolio is concentrated in real estate, private credit, and fixed income. No direct venture capital or private equity fund commitments have been publicly identified, distinguishing its approach from larger state-level pension systems with dedicated private equity programs.
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