Police Officers & Firefighters Pension Trust Fund Board

Overview

The Police Officers and Firefighters Pension Trust Fund Pension Board recommends City Code revisions concerning pension policy matters to the City Council and meets at least once each quarter. The Board retains professional firms for legal, actuarial, custodial, investment management and consultative services.

The Board consists of:

  • 2 City residents appointed by the City Council (preferably a banker and a certified public accountant (CPA))
  • 2 representatives each from the Fire Department and Police Department elected by members of each department
  • Fire Chief or appointee and Police Chief or appointee
  • City Finance Director

Agendas & Minutes

Agendas are available prior to the meetings. Minutes are available following approval.

View Most Recent Agendas and Minutes

POLICE OFFICERS’ & FIREFIGHTERS’ PENSION TRUST FUND – ANNUAL REPORT OF INVESTMENT ACTIVITY

City of Maitland Police Officers' & Firefighters' Pension Trust Fund
October 1, 2021-September 30, 2022 Proposed Budget 

Expenditure Type
Budget Amount
Actuary
$32,000
Administrator
$24,000
Attorney
$30,000
Auditor$0
Custodian of Funds
$22,000
IME Physician Fees
$6,000
Insurance
$5,000
School, Travel and Dues
$20,000
Investment Consultant
$35,000
Miscellaneous
$2,000
Total
$176,000

City of Maitland Police Officers' & Firefighters' Pension Trust Fund
Oct 2020- Sept 2021 budget to actual

Expenditure Type
2020-2021 Proposed Budget Amount
Actual Expenses as of September 30, 2021
Actuary
$28,000
$27,536
Administrator
$24,000
$21,109
Attorney
$30,000
$18,625
Custodian of Funds
$22,000
$19,819
IME Physician Fees
$6,000

Fiduciary Insurance
$4,600
$5,142
School, Travel and Dues
$20,000
$2,263
Investment Consultant
$35,000
$35,000
Miscellaneous
$2,000
$519
Total
$171,600
$130,013