The City of Naperville announced Tuesday that Mayor Steve Chirico has been named by Illinois Gov. J.B. Pritzker to serve on the nine-member Illinois Firefighters Pension Investment Fund (IFPIF) Transition Board. Chirico’s appointment was effective Jan. 31.

In December 2019, Gov. Pritzker signed into law a bill that consolidated $14.2 billion in pension assets from 640 suburban and downstate police and fire pension funds into two newly created investment funds overseen by two newly created investment boards, the Police Officers’ Pension Investment Fund and the IFPIF. The IFPIF will control an estimated $6.3 billion in combined assets.

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SOURCE Positively Naperville