# Redford Township Police & Firemen Retirement System

Redford Township Police & Firemen Retirement System is a Pension Fund based in Redford, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Redford, United States
- **Region:** North America
- **Address:** Redford, MI, United States
- **Founded:** 1937
- **Assets under management:** ~$78 million (Altss estimate)
- **Website:** redfordtwp.com

## Regulatory record

- **Reports private funds:** No

## About

The Redford Township Police & Firemen Retirement System was established in 1937 as a single-employer defined benefit pension plan for the township's public safety personnel. Administered by a board of trustees that includes Township Treasurer Lily Cavanagh and President John Buck, the system operates within Michigan's municipal retirement framework. It pays lifetime retirement annuities to career police officers and firefighters and provides survivor benefits, a structure that ties its liability stream directly to local government funding and actuarial assumptions set at the township level. The fund's investment strategy is concentrated in external real estate commitments, based on documented holdings in funds managed by American Strategic Value Realty Fund and TerraCap Partners — spanning mixed-use and commercial properties across the United States. The system also lists Highlands REIT among its assets, adding a publicly registered non-traded REIT to the private-fund mix. These positions point to a board that prioritizes income-producing hard assets within a compact manager roster, a pattern typical of smaller municipal plans where every allocation consumes a disproportionate share of governance bandwidth. With an estimated $78 million in assets, the plan runs lean — no dedicated investment staff, no separate offices, and no adjacent venture or co-investment vehicles disclosed. The board of five trustees combines elected and appointed officials, whose investment decisions are shaped by MAPERS membership and Michigan's Public Employee Retirement System Investment Act. That regulatory environment imposes statutory lists of permissible investments and requires annual actuarial valuations, which become the primary check on asset allocation. Recent board composition shows turnover, with Scott Byrnes serving as a trustee during 2023–2024 and Alan Reichenbach listed as a trustee as of 2025. The structural feature that sets this plan apart from a purely generic small pension is its single-employer, public-safety-only design. Unlike a municipal general employees' plan that pools risk across departments, this system isolates a narrow, physically demanding workforce whose retirement eligibility and mortality assumptions differ materially from civilian municipal employees. That narrow participant base concentrates longevity risk and ties the fund's health to police and firefighter retention rates, collective bargaining outcomes, and the township's ability to make annual required contributions. For an external GP or co-investor, the board's MAPERS network and multi-vintage TerraCap relationship represent the only visible sourcing funnel.

## Sectors

- Real Estate

## People

- John Buck — President and Trustee
- Lily Cavanagh — Trustee and Treasurer/Ex-Officio
- Christopher Lisak — Secretary and Trustee
- Alan Reichenbach — Trustee
- John Cubba — Trustee

## Questions

### Who makes investment decisions for the Redford Township Police & Firemen Retirement System?

A five-member board of trustees holds investment authority. John Buck serves as President, Lily Cavanagh as Treasurer and Ex-Officio trustee, and Christopher Lisak as Secretary. The remaining trustees as of 2025 include Alan Reichenbach and John Cubba, with Scott Byrnes having served during 2023–2024. The board operates under Michigan's Public Employee Retirement System Investment Act, which prescribes fiduciary standards and a statutory list of permissible investments.

### How large is the Redford Township Police & Firemen Retirement System?

The fund does not publicly disclose its assets under management. Based on available plan filings and peer-municipal comparables, Altss estimates approximately $78 million. That figure places it among smaller single-employer public safety plans in Michigan, where asset scale constrains staffing, fee leverage, and the number of manager relationships the board can practically oversee.

### Where does the fund's capital come from?

Funding flows from three standard municipal pension sources: employer contributions from Redford Township's general fund, employee member contributions withheld from payroll, and investment earnings. The board and the township determine annual required contributions based on actuarial valuations, which are mandated by Michigan law. The township's fiscal health is therefore a direct variable in the plan's funded status trajectory.

## Related profiles

- [Madeira School](https://altss.com/profile/madeira-school)
- [Society for Neuroscience](https://altss.com/profile/society-for-neuroscience)

---

Last updated: 2026-08-11T02:43:31.692Z

Canonical page: https://altss.com/profile/redford-township

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology