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Tualatin Hills Park & Recreation District Retirement Plan
Doug Menke helps govern a municipal pension plan embedded inside a Beaverton, Oregon parks district.
Tualatin Hills Park & Recreation District Retirement Plan
The Tualatin Hills Park & Recreation District Retirement Plan operates as an internal public pension fund for employees of the Tualatin Hills Park & Recreation District. Governance rests with a Retirement Plan Committee that includes General Manager Doug Menke, CFO Jared Isaksen, and Human Resources Director Christine Hoffman. The district, headquartered in Beaverton, Oregon, runs parks, trails, and recreation programs across a suburban Portland service area. Investment information and asset allocation specifics are not publicly reported. The fund's sole purpose is providing retirement benefits, with plan assets held in a designated trust. Unlike larger state pension systems, this structure does not publish a standalone investment portfolio, manager rosters, or co-investment activity, making the internal investment posture largely opaque to external allocators. The district participates in the Special Districts Association of Oregon (SDAO) for insurance and risk management, and belongs to the National Recreation and Park Association (NRPA) for professional networking. A separate entity, the Tualatin Hills Park Foundation, handles philanthropic initiatives. A January 2026 board vote referred a bond measure to district voters for general park improvements. The structural differentiator is the unusually direct overlap between a public service operating entity and its retirement plan. The committee members who approve plan decisions also run the district's day-to-day parks operations, creating a governance loop where the pension mandate is embedded entirely inside the municipal service provider rather than outsourced to a state-level system.
General information
Firm type
Pension Fund
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Beaverton
Corporate office
Beaverton, OR, United States
Principals
Doug Menke
General Manager
Jared Isaksen
CFO / Finance Services Director
Christine Hoffman
Human Resources Director
Frequently asked questions
Who sits on the Retirement Plan Committee?
The committee includes General Manager Doug Menke, CFO and Finance Services Director Jared Isaksen, and Human Resources Director Christine Hoffman. This three-person team oversees the pension benefit structure for the district's workforce.
How is the Tualatin Hills plan structured compared to a statewide pension system?
It operates as a single-employer plan for the park and recreation district only, not part of the Oregon Public Employees Retirement System. This keeps all governance, funding, and benefit decisions inside the district rather than pooling assets with other public agencies.
Where are the plan's assets invested?
The plan does not publicly disclose its investment portfolio, fund managers, or specific holdings. The assets exist as an internal trust, and no public reports detail asset class exposures or external manager relationships.
Does the plan make direct investments or commit to external funds?
No public documents confirm direct deal activity, co-investments, or fund-of-fund commitments. Given its small, single-district scope, the plan likely relies on low-cost pooled vehicles or insurance-company products typical of municipal defined-benefit plans, but this remains unconfirmed.
How does the separate Tualatin Hills Park Foundation relate to the retirement plan?
The Foundation handles philanthropic fundraising for district parks and programs. It does not fund the retirement plan nor overlap with the pension trust, serving a purely grantmaking and community support function.
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