# Firefighters' Pension Board

The City of Punta Gorda Firefighters' Pension Board held a meeting on September 18, 2026, focusing primarily on investment portfolio performance, manager searches, and fiduciary responsibilities. The board reviewed quarterly and fiscal year-to-date investment returns, noting a fund balance increase from $11 million in 2016 to over $30 million currently. They approved changes to investment managers, including terminating an active large-cap growth manager in favor of a passive index fund and adjusting small and mid-cap allocations to a split between an index fund and an active manager. The board also discussed adopting operating rules and procedures to formalize governance. Additionally, they considered engaging Wolf Popper LLP for securities litigation portfolio monitoring services at no cost to the fund, enhancing fiduciary oversight. Budget discussions included adjustments to fiduciary insurance and miscellaneous expenses, with the board approving the proposed budget. Finally, the board reviewed a cybersecurity vendor assessment proposal costing approximately $15,000, deciding to defer the decision pending further information from other boards. Overall, the meeting involved several procurement-related decisions on investment management and service provider engagements, as well as budget approvals.

**Jurisdictions:** sled
**Industries:** Professional Services, Healthcare
**Topics:** Contracting Vehicles, Regulatory Compliance
**Published:** September 18, 2026

### Sources
- [Firefighters' Pension Board](https://www.youtube.com/watch?v=aiU-_8VGO9w) - City of Punta Gorda