Updated:
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.
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 and Equity LifeStyle Properties (commercial), plus First Industrial Realty Trust (industrial), as well as cash accounts with Morton Community Bank and BMO Harris Bank in Peoria (public record). 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.
General information
Firm type
Pension Fund
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Peoria
Corporate office
Peoria, IL, United States
Principals
Matt Smith
President of the Board of Trustees
Stefanie Tarr
Secretary of the Board and Peoria City Clerk
Sector focus
Frequently asked questions
Who manages investment decisions for the Peoria Firemen’s Pension Fund?
Oversight rests with a Board of Trustees led by Matt Smith as President. Day-to-day investment execution is delegated to the Firefighters’ Pension Investment Fund (FPIF), which pools assets from multiple Illinois Article 4 firefighter pension funds for professional management (per public record).
What is the Firefighters’ Pension Investment Fund (FPIF)?
FPIF is a consolidated investment vehicle created by Illinois law to pool the assets of local firefighter pension funds (Article 4 funds). It provides smaller municipal funds like Peoria’s access to institutional asset classes and professional investment management (per Illinois Public Act 100-0584).
What types of assets does the Peoria Firemen’s Pension Fund invest in?
Through FPIF, the fund targets a diversified mix including real estate, private credit, infrastructure, and hedge funds. Direct holdings reported include commercial real estate in Chicago via Equity Residential and Equity LifeStyle Properties, plus industrial real estate via First Industrial Realty Trust (public record).
Is the Peoria Firemen’s Pension Fund a single or multi-employer plan?
It is a single-employer defined-benefit pension plan covering firefighters employed by the City of Peoria. Investments are pooled through FPIF with other Illinois firefighter pension funds, but each fund maintains its own liabilities and benefit obligations (per public record).
How does the fund's governance structure work?
The Board of Trustees, including city officials and plan participants, oversees the fund. Stefanie Tarr, the City Clerk, serves as Secretary of the Board. The board delegates investment authority to FPIF, which operates under its own governance with professional staff (per public record).
Does the fund directly invest in private deals or only through pooled vehicles?
The fund primarily invests through FPIF, a pooled vehicle. However, it also holds direct accounts such as a Morton Community Bank cash account and a BMO Harris Bank account for liquidity and cash management (per public record).
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on family offices?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: