Dean Niedospial

The Park Employees' Annuity & Benefit Fund is a single employer, defined benefit plan covering the eligible public employees of the Chicago Park District. The Fund was created by an act of the Legislature of the State of Illinois, approved June 21, 1919 and effective July 1, 1919, covering the three major park systems of Chicago. The Fund's assets total about $450 million and it has about $50 million dedicated to funds of private equity funds, $45 million to real estate funds, and $47 million to funds of hedge funds.