Lake Zurich Firefighters' Pension Fund Minutes April 2025
Board Adjusts IFPIF Withdrawals for Cash Needs
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Description
The Lake Zurich Firefighters' Pension Fund Board adjusted its 2025 recurring monthly withdrawals from the Illinois Firefighters' Pension Investment Fund to $340,000 and authorized a conditional one-time withdrawal to fund a retroactive disability payment. These actions align IFPIF cash flows with the fund's benefit obligations.
Contract Details
Contract Amount
$340,000 monthly recurring deposits (2025)
Vendor
ILLINOIS FIREFIGHTERS' PENSION INVESTMENT FUND
Agency
Lake Zurich village, IL
Contract Type
FINANCIAL_SERVICES
Document Date
April 16, 2025
Contract Term
Calendar year 2025 (remaining months)
Renewal Date
2025-12-31
Renewal Info
Recurring withdrawal amount of $340,000 per month is set for the remainder of 2025; future years subject to Board review and adjustment.
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