Redford Police & Firemen Retirement System

Redford Police & Firemen Retirement System

The Redford Police & Firemen Retirement System was created in 1957 to serve the sworn officers and firefighters of Redford Township, Michigan, a community of roughly 49,500 residents. The system operates under Michigan's Public Act 345 of 1937, a legal framework that governs pension funds for local police and fire departments. It is overseen by a five-member Board of Trustees, whose composition reflects the stakeholder structure typical of municipal plans — blending township appointees with representatives of active and retired personnel. Publicly available data on the system's asset allocation, investment strategy, and external manager roster is thin. The fund does not maintain a standalone investor website, and its governing body conducts business through the township's general municipal site. In the absence of a publicly filed investment policy, the portfolio's composition, its use of external consultants, and its exposure to alternatives remain undisclosed. No verifiable direct commitments to named private funds, co-investment vehicles, or infrastructure platforms were identified in the sources reviewed. No recent statements, board minutes, or press releases detailing the fund's size, actuarial health, or manager changes were captured. The township's website, which serves as the sole digital storefront for all municipal bodies including the pension board, does not itemize the retirement system's assets or provide investment reporting. The number of active members, beneficiaries, or the funded ratio of the plan are not public-facing through the channels reviewed. The fund's most durable structural attribute is its narrow mandate: it exists exclusively for the career police and fire employees of a single Michigan township. This insulates it from the complexity of state-level consolidation pressures or multi-employer pooling arrangements, while also exposing it to the demographic and revenue constraints of a suburban municipality with a static tax base. Succession in governance is statutory — trustees cycle through appointment and election under Act 345 rules rather than operating as a private family office or independent investment committee.