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Kenilworth police pension fund reports $13.10 million net position; reviews IPOPIF performance
Summary
The Kenilworth Police Pension Fund accepted a monthly financial report showing $13,099,461.08 in net position and reviewed IPOPIF and State Street investment statements, with L&A noting a one-month net return of 1.1% for IPOPIF and a YTD return of 18% through Dec. 31, 2025.
The Kenilworth Police Pension Fund Board of Trustees accepted the monthly financial report for the period ending Jan. 31, 2026 showing a net position held in trust for pension benefits of $13,099,461.08 and a change in position of $495,243.85.
Lauterbach & Amen presented supporting detail including the Cash Analysis Report, Revenue Report, Municipal Revenue Report, Expense Report, Member Contribution Report and Payroll Journal. The Board voted to accept the Monthly Financial Report (motion by Trustee Ara Bayindiryan; seconded by Trustee Mark LaBeau); Trustees Bayindiryan, William Burns and LaBeau voted aye and Trustee Katie White abstained.
The Board also reviewed investment performance materials from IPOPIF and State Street. The Verus Advisory, Inc. IPOPIF Investment Performance Review for the period ending Dec. 31, 2025 reported a one-month total net return of 1.1% and a year-to-date total net return of 18%, with an IPOPIF ending market value of $14,870,144,122. State Street statements through Jan. 31, 2026 showed a beginning value of $12,581,781.06, an ending value of $12,705,422.71 and a month-to-date net return of 2.66%.
Board discussion did not produce changes to investment policy at this meeting; the trustees asked that the quarterly bills and disbursement reports be revisited at the next regular meeting.
