General Employees' Retirement Pension Board

Trustee
Trustee Description 
Term Status,  Expiration of Term
Title
Cheryl D. Smith, CPPT*
  Appointed by the Mayor and City Commission, 4-Year Term
Serving in their 3rd Term,
Term expires in July of 2024
Chair / Trustee / Retired member of the Plan
Alice Parker, CPPT*
Elected by the General Employees, 
4-Year Term
Serving in their 3rd Term,
Term expires in June of 2025
Vice-Chair / Trustee / Active member of the Plan 
Christina Bervaldi, CPPT*
Elected by the General Employees, 
4-Year Term
Serving in their 1st Term,
Term expires in June of 2025
Trustee / Active member of the Plan 
Angela Budde, CPPT*
Elected by the General Employees, 
4-Year Term
Serving in their 4th Term,
Term expires in June of 2025
Trustee / Active member of the Plan
Benjamin Gibson
Appointed by the Trustees of the Board, 4-Year Term
Term expires in December of 2024 
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.

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