# Sterling Heights Police & Fire Retirement System (PFRS)

Sterling Heights Police & Fire Retirement System (PFRS) is a Pension Fund based in Sterling Heights, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Sterling Heights, United States
- **Region:** North America
- **Address:** Sterling Heights, MI, United States
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

The Sterling Heights Police & Fire Retirement System (PFRS) is a defined-benefit pension fund established by the City of Sterling Heights, Michigan, under state statute. John Lamerato leads the Board of Trustees, which also includes City Treasurer Jia Hang and four other trustees who oversee the fund's investment operations. The fund's strategy blends income-producing assets with modest growth exposure. Its cited holdings include a commercial real estate vehicle, a Master Limited Partnerships portfolio and reflecting a tilt toward yield-generating energy infrastructure. The precise allocation across fixed income, real estate, and MLPs is not publicly disclosed, but the structure maps to a standard public-pension liability-matching approach. The fund operates with a domestic focus, given its sole office in Sterling Heights. No total AUM or year of founding are published, and the fund does not maintain a public website or social media presence. Its professional staff is thin: Kerrie Dzwonkowski serves as Pension Administrator, handling day-to-day operations and member services. The fund is an active member of the Michigan Association of Public Employee Retirement Systems, which provides peer networking and legislative updates — one of the few public indicators of its operational footprint. The fund's structural differentiator is its governance by a volunteer board of trustees drawn from the city and its police and fire departments. This creates an alignment gap: the trustees, while motivated by the fund's health, rely on external advisors and paid staff for investment execution, distinguishing PFRS from professionally-managed pensions with dedicated CIOs and internal investment teams.

## Sectors

- Real Estate
- Infrastructure

## People

- John Lamerato — President of the Board of Trustees
- Jonathan Feil — Secretary of the Board of Trustees
- Randall Schwarb — Trustee of the Retirement System
- Robert Maleszyk — Trustee of the Retirement System
- Jia Hang — City Treasurer and Trustee
- Nathaniel Rymill — Secretary and Trustee
- Kerrie Dzwonkowski — Pension Administrator and Administrative Liaison

## Questions

### Does the fund invest in private markets?

The MLP portfolio also invests in publicly-traded energy partnerships, which are considered alternative assets in many pension frameworks.

### Is the Sterling Heights PFRS open to new members?

The PFRS is a closed defined-benefit plan for active and retired police and fire employees of Sterling Heights. It does not accept third-party capital or external LPs.

### What professional affiliations does the fund maintain?

The PFRS is an active member of the Michigan Association of Public Employee Retirement Systems, which provides educational resources, legislative advocacy, and networking for Michigan public pension trustees and administrators.

### What is the fund's relationship to the City of Sterling Heights?

The PFRS is a separate legal entity from the city, but the city appoints trustees and provides administrative oversight. City Treasurer Jia Hang serves on the board, linking municipal finance to pension governance.

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Last updated: 2026-06-03T20:00:00.000Z

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