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Lansing pension board approves $2.5 million transfer to IPOPIF
Summary
The Lansing Police Pension Fund Board voted April 16 to move $2.5 million from an Old Plank Trail account into BMO for onward transfer to the Illinois Public Pension Investment Fund (IPOPIF); the motion passed by roll call vote. The decision followed a routine treasurer report on cash balances.
The Lansing Police Pension Fund Board of Trustees voted April 16 to transfer $2,500,000 from the Old Plank Trail account to the BMO account, with the funds to be submitted to the Illinois Public Pension Investment Fund (IPOPIF).
Treasurer Brian Hanigan presented the report on account balances and cash on hand. Trustee Matt Prendergast moved the transfer and Trustee Joshua Talavera-Little seconded; Trustees Sharon Novak, Matt Prendergast, Norb Schlesser and Joshua Talavera-Little voted AYE and the motion carried. The board treated the transfer as part of routine cash management operations; the board also reviewed the Cash Management Policy and determined no changes were necessary at this time.
The board did not attach conditions to the transfer and recorded the vote by roll call. The next regular meeting is scheduled for July 16, 2026, when the board will receive further routine financial updates.
