Chief Investment Officer | Illinois Police Officers' Pension Investment Fund (IPOPIF)
Posted on Nov 19, 2020 and open until Jan 15, 2021.
The Illinois Police Officers' Pension Investment fund is seeking outstanding candidates for the position of Chief Investment Officer.
IPOPIF was created by the Illinois Legislature and signed into law by the Illinois Governor JB Pritzker on December 18, 2019.
The law, Public Act 101-0610 provided for the mandatory consolidation of the investment assets of the state's public safety pension funds into two investment funds one for police officers (Article 3) and one for firefighters (Article 4).
The law provides that assets and liabilities of local pension funds will remain under the ownership of each local participating pension board and that the pension fund assets are combined for investment purposes only. The consolidation of the investment assets of the 353 Article 3 downstate and suburban police pension plans into one statewide investment asset pool will create a single trust fund with an estimated $8.3 billion in assets. The transition period of the transfer of assets shall commence on the effective date of the Act and be completed no later than 30 months thereafter.
The IPOPIF is governed by an independent and autonomous board of trustees. In January 2020 Illinois Governor JB Pritzker named 9 members to the Transition POPIF Board of Trustees.
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Illinois Police Officers' Pension Investment Fund (IPOPIF)
184 Shuman Boulevard
Naperville, IL 60563
How to apply
To be considered for this position, please submit a cover letter and resume, via email in PDF format to the IPOPIF Plan Administrator no later than 4:30 P.M. (Central Standard Time) on January 15, 2021. Any proposal received after the due date and time will not be considered.
Illinois Police Officers' Pension Investment Fund
Attn: Allie Rysell, Plan Administrator
184 Shuman Boulevard, Suite 305
Naperville, IL 60563
Subject line: IPOPIF CIO Recruitment
|Illinois Police Officers' Pension Investment Fund (IPOPIF)
Chief Investment Officer
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