The Illinois Police Officers’ Pension Investment Fund (IPOPIF) was created by the Illinois Legislature and signed into law by Governor JB Pritzker on December 18, 2019.

The law, Public Act 101-0610, provided for the mandatory consolidation of the investment assets of the state's public safety pension funds into two investment funds; one for police officers (Article 3) and one for firefighters (Article 4).

The law provides that assets and liabilities of local pension funds will remain under the ownership of each local participating pension board and that the pension fund assets are combined for investment purposes only.

The consolidation of the investment assets of all Article 3 downstate and suburban police pension plans into one statewide investment asset pool will create a single trust fund with an estimated $8.3 billion of assets. The transition period of the transfer of assets shall commence on the effective date of the Act and be completed no later than 30 months thereafter.

The IPOPIF Board of Trustees is working diligently to build an organization that will become the responsible steward of the pension fund assets for Article 3 police pension funds.