The Lexington Police and Fire Pension Board made significant strides in financial management during their meeting on June 11, 2025, as they reported a notable increase in the value of the pension plan. As of the previous day, the plan's value stood at $994,916,116.44, up from $982,890,992.23 the month prior, indicating a positive trend in fund performance.

A key discussion point was the management of $8 million in cash reserves, which is set to be transferred to LaSalle. Board members confirmed that this transfer is part of a quarterly process, with plans to move additional funds from equity investments as directed by financial advisors. The board has also queued a request for $21 million, pending approval for further investment.

Chad, a financial advisor present at the meeting, highlighted the favorable interest rates currently available for cash holdings, noting that the pension fund is earning over 4% interest—an improvement compared to the minimal returns seen prior to 2022. This strategic cash management is expected to bolster the fund's overall performance.

Looking ahead, the board plans to execute further cash transfers, including a call to JP Morgan, which will enhance the cash fund even more. These actions reflect the board's commitment to optimizing the pension fund's financial health and ensuring sustainable growth for the benefit of its members.