Updated:
Village of Tequesta General Employees' Retirement Plan
The Village of Tequesta General Employees' Retirement Plan serves the career municipal employees of this Palm Beach County village. Employees contribute 5% of...
Village of Tequesta General Employees' Retirement Plan
The Village of Tequesta General Employees' Retirement Plan serves the career municipal employees of this Palm Beach County village. Employees contribute 5% of gross pay toward their retirement, with full vesting after six years of service. Upon separation before retirement, contributions are returned with 3% interest. The plan is governed by a five-member Board of Trustees, blending appointed officials and elected representatives, including former Vice Mayor Kyle Stone and Finance Director Irwin Williams. The plan's investment strategy reflects its scale and liability profile. The portfolio includes cash and demand deposits, money-market instruments, and an allocation to core and industrial real estate within North America. The fund does not publish detailed asset-class weights, but its known holdings suggest a focus on income generation and inflation protection through direct property exposure rather than speculative or venture-stage commitments. No publicly documented relationships with external managers have been disclosed. The Board participates actively in trustee education through the Florida Public Pension Trustees Association, which provides fiduciary training and networking for municipal plans across the state. No dedicated internal investment staff is listed; investment decisions appear to rest with the Board itself, supported by the village's finance function. The plan has not announced any recent structural changes, RFP activity, or new manager mandates. The plan's structural identity is that of a small, locally administered municipal pension — not a pooled fund or a state-level system. Its governance is tightly linked to the village government through the Finance Director and elected-trustee presence. This architecture means investment policy is shaped by local political oversight and the practical demands of a modest participant base, rather than by a professionalized investment office.
General information
Firm type
Pension Fund
Year founded
1957
Location
Region
North America
Country
United States
City
Tequesta
Corporate office
Tequesta, FL, United States
Principals
Bernard Ward
Chairman of the Board of Trustees
Dennis Rick
Secretary of the Board of Trustees
Michael Rhodes
Trustee
Kyle Stone
Trustee
Irwin Williams
Ex-Officio Member, Finance Director and Treasurer
Sector focus
Frequently asked questions
Who oversees investment decisions for the plan?
A five-member Board of Trustees governs the plan. The board includes Chairman Bernard Ward, Secretary Dennis Rick, Trustees Michael Rhodes and Kyle Stone, and ex-officio member Irwin Williams, who serves as the village's Finance Director. No separate investment committee or outsourced CIO structure has been disclosed.
What asset classes does the plan invest in?
The plan's known investments include cash and demand deposits, short-term money market funds, and a core and industrial real estate allocation focused on North America. This suggests a strategy centered on capital preservation, liquidity, and modest income generation, with no public evidence of allocations to private equity, hedge funds, or international equities.
Does the plan use external investment managers?
There is no public disclosure confirming relationships with external investment consultants, fund managers, or outsourced chief investment officer providers. Given the plan's small size and simple asset mix, investment management is likely handled internally or through passive, low-cost vehicles.
How are employees vested in the plan?
General employees of the Village of Tequesta contribute 5% of gross pay and become fully vested after six years of service. If an employee separates from service before vesting, their contributions are returned with 3% interest.
Is the plan part of the Florida Retirement System?
No. The Village of Tequesta General Employees' Retirement Plan is an independent municipal plan, not a participant in the Florida Retirement System. It is locally administered and governed by its own board, with no direct connection to the state-level pension system.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on pension funds?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: