Pension board approves routine retirements and benefit actions; treasurer reports $5.6 million LaSalle purchase

The Fayette Irvin County government police and fire retirement fund board on April 9 approved a slate of routine benefit actions and retirements and heard a treasurer's report that the fund completed a $5.6 million purchase into a LaSalle investment vehicle and plans to move an additional $21,000,000 in July.

The treasurer reported investment activity and plan value during the meeting. "I do want to point out that you've got the, managers mix. I think yesterday, at the very top on there, you see where we have now had a purchase into LaSalle. 5,600,000.0," the treasurer said. The treasurer added that, per Callan, the board plans to transfer another $21,000,000 from JPMorgan to LaSalle in July and reported the plan value: "As of, really, Monday evening, the value of the plan was $933,386,609.92, which compares to last month, of $979,068,266.81."

Why it matters: the board manages retirement benefits for city police and fire employees and the fund's asset allocation decisions and benefit…