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Police and fire pension plan · Indian River County

City of Vero Beach Police Officers' Retirement Fund

Vero Beach, FL · Official site ↗

DEPLOYING A search or RFP is open (or scheduled on an agenda), finalists were named, or a mandate was awarded. Latest qualifying signal: 2026-08-19. See the evidence ↓
Total assets
$63,669,329
as of 2026-09-30
Police Pension Board... · p.83
Investment consultant
Mariner Institutional
as of 2026-09-30
Police Pension Board... · p.146
Assumed return
7.05%
as of 2026-05-20
Police Pension Board... · p.5
Next meeting
2027-02-25
as of 2027-02-25
Police Pension Board... · p.14
Actuary
Foster & Foster
as of 2026-08-19
Police Pension Board... · p.1
Custodian
Salem Trust Company
as of 2026-11-04
Police Pension Board... · p.1
Auditor
KSDT
as of 2026-10-06
Police Pension Board... · p.14
Coverage
100%
of what this plan publishes

Signal timeline 11

  1. 2026-10-06 SEARCH_SCHEDULED · service_provider auto-approved
    The City of Vero Beach Police Officers' Retirement Trust Fund board reviewed audit proposals at its special meeting; the RFP was sent to eight firms and three responses were received. Police Pension Board... · p.13
    1. Review of Audit Proposals i. Brent Chudachek briefly reviewed the RFP and commented that it was sent to eight firms and they received three responses.
  2. 2026-09-09 IPS_AMENDED auto-approved
    Legal counsel's invoice for the Vero Beach Police Officers' Pension Plan records a finalized and signed Addendum to the IPS on single security guidelines related to Harding Loevner, and filing of the amended IPS with the State and City. Police Pension Board... · p.263
    re: finalized and signed Addendum to IPS and filing of amended IPS with State and City
  3. 2026-08-31 RFP_ISSUED · service_provider auto-approved
    General counsel's invoice to the Vero Beach Police Officers' Pension Plan records that the counsel finalized the Independent Auditor RFP and sent it to candidates. Police Pension Board... · p.259
    Continue drafting Auditor RFP and finalize for distribution
  4. 2026-08-19 SEARCH_OPENED · manager auto-approved
    The City of Vero Beach Police Officers' Retirement Fund's August 19, 2026 meeting packet includes a US Large Cap Value manager search report as of 6/30/2026, benchmarked to the Russell 1000 Value Index. Police Pension Board... · p.138
    This US Large Cap Value search report will use the following benchmark and peer group:
  5. 2026-08-19 SEARCH_SCHEDULED · manager auto-approved
    The City of Vero Beach Police Officers' Retirement Fund's August 19, 2026 agenda packet included a US Large Cap Value manager search report with data as of 6/30/2026. Police Pension Board... · p.138
    This US Large Cap Value search report will use the following benchmark and peer group:
  6. 2026-06-24 FINALISTS_NAMED · service_provider auto-approved
    The City of Vero Beach Police Officers' Pension Plan & Trust Fund Board of Trustees placed plan attorney interviews with Sugarman & Susskind, Jones Walker and Lorium Law on its June 24, 2026 special meeting agenda. June 24, 2026,... · p.1Special Call Police... · p.1
    1. Plan Attorney Interviews i. Sugarman & Susskind, David Robinson, Board Attorney
  7. 2026-06-24 SEARCH_SCHEDULED · service_provider auto-approved
    The City of Vero Beach Police Officers' Retirement Trust Fund Board held plan attorney interviews at its June 24, 2026 special meeting with Sugarman & Susskind, Jones Walker and Lorium Law. Special Call Police... · p.1June 24, 2026,... · p.1
    1. Pl an Attorney Interviews a. Sugarman & Susskind b. Jones Walker c. Lorium Law
  8. 2026-06-09 RFP_ISSUED · service_provider auto-approved
    A Foster & Foster invoice dated 6/9/2026 to the City of Vero Beach Police Officers' Retirement Trust Fund bills $4,800.00 for a Request for Proposal for Legal Services. Police Pension Board... · p.159
    Request for Proposal for Legal Services. 4,800.00
  9. 2026-02-18 MANDATE_AWARDED · manager auto-approved
    The City of Vero Beach Police Officers' Retirement Fund board voted 5-0 to split the international portfolio between Harding Loevner and DFA as close to 50/50 as possible. February 18, 2026,... · p.4
    The Board voted to split the international portfolio with Harding Loevner and DFA as close to 50/50 as possible without penalizing them for the minimum amount required by Harding Loevner
  10. 2026-02-18 FINALISTS_NAMED · manager auto-approved
    The City of Vero Beach Police Officers' Retirement Fund board held international equity manager interviews, including DFA, for a fund that would replace or complement Harding Loevner. February 18, 2026,... · p.2
    i. International manager interviews 1. Kerry Richardville reminded the Board why they were interviewing managers, stating this fund would replace or compliment Harding Loevner.
  11. 2026-02-18 SEARCH_SCHEDULED · manager auto-approved
    The City of Vero Beach Police Officers' Retirement Fund board held international manager interviews, led by investment consultant Mariner Institutional, for a fund to replace or complement Harding Loevner. Police Pension Board... · p.1February 18, 2026,... · p.2
    a. Inter national manager interviews i. DFA ii. Earnest Partners

Target vs actual allocation

Asset class (as labeled)Target 2026-09-30RangeActual 2026-09-30
Domestic Equity Securities 45% 43–53% 49%
Foreign Equity Securites 12% 7–17% 14.5%
Broad Mkt Fixed Income 23% 10–33% 16.1%
Non-Core Fixed Income 6% 0–20% 8.5%
Receipt & Disbursement 1% 0–10% 1.1%
Direct Real Estate 10% 5–15% 8.5%
Private Equity 3% 0–10% 2.3%

Source: Police Pension Board... · p.83

Coverage checklist 100%

DocumentStatusNewest held
Agendas, last 18 months
6 of 6
✓ held Police Pension Board Regular... 2026-11-04
Minutes, last 18 months
3 of 3
✓ held June 24, 2026, Special Call... 2026-06-24
Investment policy statement (latest) not published —
Quarterly investment report (latest) not published —
Actuarial valuation (latest)
dated 2024-10-01
✓ held Police Officers Retirement... 2024-10-01
Audited financial statements (latest)
dated 2026-05-06
✓ held Vero Beach Police PL-2 Annual... 2026-05-06
F.S. 112.664 disclosure (latest)
dated 2024-10-01
✓ held Police Officers Retirement... 2024-10-01

"Not published" means not found on the plan's approved listing pages. "Missing" means listed there but not fetched yet.

Current managers by asset class as of 2026-06-30

Asset class (as labeled)ManagerAmountStatusSource
Fund Of FundsTaurus Private Markets III $56,736 ACTIVEPolice Pension Board... · p.119
Investment ManagerAmerican Realty Advisors — ACTIVEPolice Pension Board... · p.1
domestic equityTWIN — ACTIVEPolice Pension Board... · p.7
Dana — ACTIVEPolice Pension Board... · p.7

Officers and trustees as printed

NameTitleAs ofSource
Ron CohenAttorney2026-11-04Police Pension Board... · p.1
Inez GarciaCustodian2026-11-04Police Pension Board... · p.1
Siera FeketaPlan Administrator2026-11-04Police Pension Board... · p.10
Matt HarrelsonTrustee2026-10-06Police Pension Board... · p.13
Siera FeketaPlan Administrator2026-10-05Police Pension Board... · p.263
Sara CarlsonBoard Actuary2026-08-19Police Pension Board... · p.1
Kerry RichardvilleInvestment Consultant2026-08-19Police Pension Board... · p.1Police Pension Board... · p.7
Brent ChudachekAttorney2026-08-19Police Pension Board... · p.1
Inez GarciaCustodian2026-08-19Police Pension Board... · p.1
Richelle CookInvestment Manager2026-08-19Police Pension Board... · p.1
Siera FeketaPlan Administrator2026-08-19Police Pension Board... · p.10
Siera FeketaPlan Administrator2026-06-24Police Pension Board... · p.7
Ann ThompsonTrustee2026-06-24June 24, 2026,... · p.1
David FarquharsonTrustee2026-06-24June 24, 2026,... · p.1
Gregory BuddeTrustee2026-06-24June 24, 2026,... · p.1
Matt HarrelsonTrustee2026-06-24June 24, 2026,... · p.1
Siera FeketaPlan Administrator2026-05-20Police Pension Board... · p.7
Kerry RichardvilleInvestment Consultant2026-02-18Police Pension Board... · p.1February 18, 2026,... · p.2
Pedro HerreraAttorney2026-02-18Police Pension Board... · p.1
Lisa BurnhamFinance Director2026-02-18Police Pension Board... · p.1
Siera FeketaPlan Administrator2026-02-18Police Pension Board... · p.1
Ann Thompson2026-02-18February 18, 2026,... · p.4
Jose Prieto2026-02-18February 18, 2026,... · p.4
Karen RussoBoard Custodian2025-11-19Police Pension Board... · p.4
Sara E. Carlson, ASA, EA, MAAAEnrolled Actuary #23-85462025-08-29Police Officers... · p.2
Pedro HerreraBoard Attorney2025-08-29Police Officers... · p.2
Ms. Siera FeketaPlan Administrator2025-08-29Police Officers... · p.2
Sara E. CarlsonASA, EA, MAAA Enrolled Actuary2023-06-21Police Officers... · p.2
Ken HarrisonBoard Attorney2023-06-21Police Officers... · p.2

Names and titles only, exactly as the documents print them. No contact details are stored.

Documents we watch 23

Listing pages: plan page, View Most Recent Agendas and Minutes, Police Pension Budgets

DocumentTypeDatedFetchedPages
Police Pension Board Regular Meeting Agenda (PDF) AGENDA 2026-11-04 2026-11-09 328 (140 w/ terms)
Special Call Police Pension Board Regular Meeting Agenda (PDF) AGENDA 2026-10-06 2026-11-09 1 (1 w/ terms)
Police Pension Board Regular Meeting Agenda (PDF) AGENDA 2026-08-19 2026-11-09 195 (75 w/ terms)
June 24, 2026, Special Call Police Pension Board Regular Meeting... MINUTES 2026-06-24 2026-11-09 4
Special Call Police Pension Board Regular Meeting Agenda (PDF) AGENDA 2026-06-24 2026-11-09 1 (1 w/ terms)
May 20, 2026, Police Pension Board Regular Meeting Agenda (PDF). Minutes MINUTES 2026-05-20 2026-11-09 0
Police Pension Board Regular Meeting Agenda (PDF) AGENDA 2026-05-20 2026-11-09 243 (4 w/ terms)
February 18, 2026, Police Pension Board Regular Meeting Agenda... MINUTES 2026-02-18 2026-11-09 7 (4 w/ terms)
Police Pension Board Regular Meeting Agenda (PDF) AGENDA 2026-02-18 2026-11-09 176 (63 w/ terms)
Police Officers Retirement Fund 10-1-24 Actuarial Valuation Report... ACTUARIAL 2024-10-01 2026-11-09 41 (11 w/ terms)
Actual Expenses As Of 09 30 2024 (PDF) pdf file Actual Expenses As... OTHER 2024-09-30 2026-11-09 1 (1 w/ terms)
Police Officers Retirement Fund 10-1-22 Actuarial Valuation Report... ACTUARIAL 2022-10-01 2026-11-09 55 (17 w/ terms)
City of Vero Beach Annual Comprehensive Financial Report FY Ended... OTHER 2022-09-30 2026-11-09 183 (53 w/ terms)
Police Officers Retirement Fund FY 17-18 Detailed Expense... OTHER — 2026-11-09 1
Police Officers Retirement Fund FY 18-19 Detailed Expense... OTHER — 2026-11-09 1
Police Officers Retirement Fund FY 19-20 Detailed Expense... OTHER — 2026-11-09 1
Police Officers Retirement Fund FY 20-21 Detailed Expense... OTHER — 2026-11-09 1
Fiscal Year 2022-2023 Proposed Budget Vero Beach Police (PDF) pdf... OTHER — 2026-11-09 1 (1 w/ terms)
Vero Beach Police 60T Report 2024 (PDF) pdf file Vero Beach Police... OTHER — 2026-11-09 5 (1 w/ terms)
Vero Beach Police PL-2 Annual Report Of Investment Activity (PDF)... FINANCIAL — 2026-11-09 5 (4 w/ terms)
Police Officers Retirement Fund Investment History F.S. 112.664... DISCLOSURE_112664 — 2026-11-09 2 (1 w/ terms)
Police Officers Retirement Fund FY 22 Chapter 112.664 Disclosures... DISCLOSURE_112664 — 2026-11-09 8 (2 w/ terms)
Police Officers Retirement Fund FY 24 Chapter 112.664 Disclosures... DISCLOSURE_112664 — 2026-11-09 8 (2 w/ terms)