In this episode, we explore the actuarial side of public safety pensions—a complex yet fascinating topic with far-reaching implications. We take a close look at the steady decline in active membership and the ripple effects it creates, from long-term system stability to the financial health of the City of Baltimore. Whether you're into numbers or just curious about how cities manage their obligations, this deep dive sheds light on an issue that affects budgets, benefits, and the broader public.

In this episode, we speak with Kevin Leonard, the investment consultant for the Fire & Police Employees' Retirement System (F&P), who offers an expert’s perspective on the financial strategies guiding the pension fund’s investments. We discuss how recent shifts in active membership and funding challenges have influenced the investment approach and the long-term sustainability of the system.

In this episode, we sit down with Robert Q. Holley, the Executive Director of the Fire & Police Employees' Retirement System (F&P), for an exclusive conversation about the critical issues facing Baltimore’s public safety pension system. We delve into the decline in active membership, the financial health of the fund, and its implications for the future of both the city’s pension obligations and public safety services.