General Employees' Retirement Pension Board
Duties of the Trustees
The Trustees are responsible for overseeing the administration, operation, and investments of the General Employees' Retirement Plan of the City of Key West.
Function of Board
- Administering the plan as adopted by City Commission
- Investing and monitoring the assets of the pension fund
- Approving the disbursement of funds
- Acting on all benefit claims
- Adopting rules necessary for the operation of the plan
- Approving all required reporting
Trustee | Trustee Description | Term Status, Expiration of Term | Title | |
|---|---|---|---|---|
Cheryl D. Smith, CPPT* | Appointed by the Mayor and City Commission, 4-year Term |
Term expires in May of 2028 | Chair / Trustee, Retired member of the Plan | |
Alice Parker, CPPT* | Elected by the General Employees, 4-year term |
Term expires in June of 2029 | Vice-Chair / Trustee, Active member of the Plan | |
Megan Wilcox | Elected by the General Employees, 4-year term |
Term expires in June of 2029 | Trustee, Active member of the Plan | |
Angela Budde, NAF**, CPPT* | Elected by the General Employees, 4-year term |
| Trustee, Active member of the Plan | |
Benjamin Gibson | Appointed by the Trustees of the Board, 4-year term | Term expires in December of 2028 | Trustee, Retired member of the Plan |
*CPPT refers to Certified Public Pension Trustee, a designation created by the Florida Public Pension Trustees Association (FPPTA). Individuals who complete the education track program receive the designation. Industry professionals recognize the CPPT designation. For a Trustee to maintain CPPT status, continuing education units (CEU) are required, and the Board supports Trustee education to maintain their designation.
**The NCPERS Accredited Fiduciary (NAF) program was created to educate public pension trustees and administrators about best plan governance, oversight, and administration practices. Trustees can earn their Accredited Fiduciary designation, which is recognized nationally as a prestigious symbol of governance excellence. For a Trustee to maintain NAF status, continuing education units (CEU) are required, and the Board supports Trustee education to maintain their designation.