St. Mary's County Sheriff's Office Retirement Plan

St. Mary's County Sheriff's Office Retirement Plan

The St. Mary's County Sheriff's Office Retirement Plan provides defined retirement benefits to sworn and civilian employees of the sheriff's office. It operates as a component of the St. Mary's County Government, with a board of trustees chaired by County Administrator David Weiskopf. Chief Financial Officer Vanetta Van Cleave and Acting HR Director Tracy McPherson handle the plan's oversight and administration. The plan's investment portfolio spans real estate, infrastructure, and hedge fund allocations — a narrow but concentrated mix for a municipal pension plan of its size. Disclosed holdings include Starwood Real Estate Income Trust, a non-traded REIT with US mixed-use assets; the IFM Global Infrastructure Fund, an open-end global infrastructure vehicle; and Millennium Management, the multi-strategy hedge fund. Allocations are pursued through external fund commitments rather than direct co-investments or internally managed separate accounts. The plan is small, with an Altss-estimated $159 million in assets, and is administered within St. Mary's County's finance and human resources departments. There is no dedicated investment staff disclosed; the board of trustees includes county officials, a citizen representative, and sworn sheriff's office personnel. No separate investment committee, consultant, or outsourced chief investment officer is named in public records. The plan's website describes a service-credit formula — one year of retirement credit for every four years of county service — but does not publish an annual report, investment policy statement, or current funding ratio. The plan's structural differentiator is its embeddedness in a general-purpose county government. It does not operate as an independent pension authority and has no separate investment office. Investment decisions appear to be made at the board level by county administrators and law enforcement representatives rather than by dedicated allocation professionals. No philanthropic vehicles, co-investment clubs, or affiliated operating companies are disclosed.