The FPIF Board of Trustees met on March 19, 2021 and approved the FPIF Asset Transition Plan. Adoption of this plan is a critical step in moving forward towards meeting the FPIF’s statutory duty of consolidating the investment assets of all Article 4 pension funds.
- The FPIF Asset Transition Plan establishes October 1, 2021 as the starting date for the transition of assets.
- The plan will be executed by transitioning Article 4 assets through multiple phases, with a goal to complete the transition by December 31, 2021.
- Under statute, each Article 4 fund must be officially notified of their transfer date no less than thirty days prior to the transfer date. Our plan will be to notify each fund well in advance of the thirty-day minimum.