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Police and Fire pension fund valued at $994.9 million; $8 million in cash queued for LaSalle
Summary
At its June 11 meeting, the Police and Fire Retirement Fund Board heard a treasurer's report showing the fund's value at $994,916,116.44 and discussed quarterly transfers that have put $8,000,000 in cash pending investment with LaSalle; the board approved the report and transfer letter.
The Police and Fire Retirement Fund Board on June 11, 2025 heard a treasurer's report showing the plan's value at $994,916,116.44 and approved an amended transfer letter.
The update matters because it outlines where large portions of the fund's assets are placed and the board's plan to move cash into private investments over multiple quarters.
Chad, Treasurer, told the board the value of the plan "as of yesterday morning was $994,916,116.44,…
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