Peoria (Ill.) Firemen’s Pension Fund

Peoria (Ill.) Firemen’s Pension Fund

The Peoria Firemen’s Pension Fund is a public defined-benefit pension plan established for firefighters employed by the City of Peoria, Illinois. Its board includes Matt Smith as President and Stefanie Tarr as Secretary and City Clerk. The fund allocates capital primarily via the Firefighters’ Pension Investment Fund (FPIF), a pooled vehicle that consolidates investments for all Illinois Article 4 firefighter pension funds. Through FPIF, the strategy includes exposure to real estate, private credit, infrastructure, and hedge funds — typical of institutional public pension portfolios seeking yield and diversification. Explicitly reported holdings include real assets in Chicago, such as Equity Residential, Equity LifeStyle Properties (commercial), plus First Industrial Realty Trust (industrial) and as well as cash accounts with Morton Community Bank. The fund participates in industry associations like the Illinois Public Pension Fund Association (IPPFA) and the Illinois Pension Federation Association (IPFA). While team size is not publicly disclosed, the board manages oversight with support from FPIF's professional investment team. A structural differentiator is the fund's consolidation into FPIF, which allows a relatively small municipal pension to access institutional asset classes and professional management that would be harder to achieve independently. This pooled model mirrors a trend among Illinois local pension funds seeking efficiencies through shared investment platforms.