Police Officers' Pension Investment Fund

Board and Commission Details

Function

The Police Officers' Pension Investment Fund is created with authority to manage the reserves, funds, assets, securities, properties, and moneys of the police pension funds created pursuant to Article 3 of this Code, all as provided in this Article.

Term

The trustee appointed pursuant to item (4) of subsection (b) of Section 22B-115 shall serve for a term of 2 years commencing on the first business day of the first month after the election of the elected trustees.

Senate Confirmation

Yes

Compensation

Expenses

Composition

The permanent board of trustees shall consist of 9 members as follows: (1) Three members who are mayors, presidents, chief executive officers, chief financial officers, or other officers, executives, or department heads of municipalities that have participating pension funds and are elected by the mayors and presidents of municipalities that have participating pension funds. (2) Three members who are participants of participating pension funds and are elected by the participants of participating pension funds. (3) Two members who are beneficiaries of participating pension funds and are elected by the beneficiaries of participating pension funds. (4) One member recommended by the Illinois Municipal League who shall be appointed by the Governor with the advice and consent of the Senate.

Chair

The permanent board of trustees shall select the chairperson of the permanent board of trustees from among the trustees for a term of 2 years.

Authority

40 ILCS 5/22B-115


Member Names

Name Member Expiration Member Since Affiliation Appointed By Position Title County
Inman, Michael Statute Member Rep. of a municiaplity recommended by the Illinois Municipal League
Holleb, Elizabeth Statute Member Rep. of a municiaplity recommended by the Illinois Municipal League
Suess, Phil Statute Member Rep. of a municiaplity recommended by the Illinois Municipal League
Curry, Shawn Statute Member Rep. of participants who is a participant
Catavu, Lee Statute Member Rep. of participants who is a participant
Poulos, Marc Statute Member Rep. of beneficiaries who is a beneficiary
Hopkins, Daniel Statute Member Rep. of beneficiaries who is a beneficiary
Swanlund, Paul Statute Member Rep. of participants who is a participant
Cole, Brad 12/31/2024 11/18/2020 Governor Member Illinois Municipal League