The statutory Transition Period ended on June 30, 2022. The conclusion of the Transition Period did not have an effect on the tranche of assets scheduled to transfer July 14, 2022. FPIF has now transitioned 289 of the 296 Article 4 pension funds, or 98% of Article 4 pension funds.… READ MORE
FPIF Rule Making Update The FPIF Board of Trustees adopted five amendments to its consolidated rules at its meeting on June 17, 2022. The adopted amendments can be found under the Pending Rules heading on the FPIF website (link). The FPIF Consolidated Rules can be found under the Policies and… READ MORE
The Kane County Circuit Court affirmed the constitutionality of Public Act 101-0610, which created the Firefighters’ Pension Investment Fund (FPIF) and the Police Officers’ Pension Investment Fund and directed the consolidation of downstate and suburban firefighter and police retirement investment assets. We appreciate Judge Robert Villa’s attention to the case.… READ MORE
The FPIF Elections Committee met on April 19, 2022 and approved the 2022 Trustee Election Schedule. The schedule can be found under the Policies and Publications heading on the FPIF website (link). Voters will elect a Participant Trustee, a Beneficiary Trustee and an Executive Trustee in 2022. Candidate applications will be… READ MORE
The FPIF Board of Trustees consolidated its rules and policies into a single document at its meeting on February 25, 2022. The Consolidated Rules can be found under the Policies and Publications heading on the FPIF website (link). Four amendments to the Consolidated Rules have been posted for 1st Public… READ MORE