Richard A. White was named interim executive director of the Illinois Police Officers' Pension Investment Fund.
The new pension fund's transition board approved Mr. White's contract Friday by teleconference.
Mr. White previously was a member of the board of trustees of the $17.3 billion Orange County Employees' Retirement System, Santa Ana, Calif., where he served a term as chairman, and has also been retirement administrator of the $564 million Mendocino County Employees' Retirement Association, Ukiah, Calif.
The Police Officers' Pension Investment Fund was created by a law signed in December by Illinois Gov. J.B. Pritzker consolidating 649 downstate and suburban police and fire pension plans into two new pension funds.
The law created the Illinois Police Officers' Pension Investment Fund, and Illinois Firefighters' Pension Investment Fund, which together consolidate an estimated $15 billion in assets.
According to a fact sheet from the Illinois Municipal League, the police officers' fund will manage an estimated $8.7 billion of those assets.
The law calls for the transfer of investment authority for the municipal pension funds' assets to the Police Officers' Pension Investment Fund no later than June 30, 2022.
Andee DiGiacinto, transition board secretary, could not be immediately reached for further information.
