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 approvals affect beneficiaries and the plan's financial position.

Board actions that finished with unanimous or routine approval included: a motion to approve the LaSalle transfer and manager mix; acceptance of March minutes; approval of a widow's annuity for Betty Rupert; approval of military-service credit for Levi Bergen; approval of a "Ghost Time Purchase" for John Robinson; approval of April disbursements as listed on the agenda; multiple service retirements; and several medical/disability-related motions. The board also voted to refer one disability application to additional medical review.

A sampling of individual personnel and benefit actions the board approved includes: - Widow's annuity for Betty Rupert (motion moved and seconded; approved). - Military service credit for Levi Bergen (motion moved and seconded; approved). - "Ghost Time Purchase" for John Robinson (motion moved and seconded; approved). - April disbursements (motion moved and seconded; approved). - Service retirements: Officer Jarvis Harris (service retirement effective 03/28/2025), Sergeant David Flannery (service retirement effective 03/29/2025), Sergeant Scott Perron (service retirement effective 04/05/2025) (each motion moved and seconded; each approved). - Disability-processing actions: Jacob Evans (application for total and permanent occupational disability; board voted to send to appropriate doctors), Catherine Sullivan (medical reports completed; motion approved), Dustin Dunn (medical reports completed; the board voted to send to a third doctor). - Fire division medical-rate approvals and corrections for Brian Lilly, David Baker, Steven Buxton (motions to approve medical reports / set appropriate rates; each approved).

Several board members offered tributes and condolences. Commissioner remarked on retirees and those leaving on disability: "...thank you very much for all your service and your dedication to this city and the citizens therein." Board members also noted the death of Captain Howard Rupert (Division of Police), reported as occurring on 03/22/2025, and expressed condolences for a former officer, Thomas Moore, who served about 19 years.

The board received brief subcommittee updates: the organizational subcommittee had no update (Trey not present), and a meeting was scheduled for May 14 at 10:00 for further business. The board adjourned after routine closing motions.

Votes at a glance: each item above was moved, seconded and put to a voice vote with the clerk calling "All in favor?" and members answering "Aye." The transcript records no roll-call tallies or recorded no votes against; outcomes for the listed motions were approved or otherwise advanced as noted.

Additional meeting details: the treasurer cited Callan as advising the timing for the LaSalle investments; the board packet included financial reports and a letter of transmittal. The treasurer noted that LaSalle accepts purchases on a quarterly window and that transfers from JPMorgan will occur within those windows.