# Village of Tequesta General Employees' Retirement Plan

Village of Tequesta General Employees' Retirement Plan is a Pension Fund based in Tequesta, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Tequesta, United States
- **Region:** North America
- **Address:** Tequesta, FL, United States
- **Founded:** 1957
- **Assets under management:** Undisclosed
- **Website:** www.tequesta.org
- **LinkedIn:** https://www.linkedin.com/company/village-of-tequesta

## Regulatory record

- **Reports private funds:** No

## About

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. 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.

## Sectors

- Real Estate
- Cash Equivalents

## People

- 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

## 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.

### 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.

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

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