HomeMy WebLinkAboutFinal Agenda Packet
AGENDA
Firefighters' Pension Board Meeting
2:00 PM - Thursday, May 15, 2025
Council Conference Room, 7th Floor, City Hall – 1055 S. Grady Way
Microsoft Teams - Join the meeting now
Meeting ID: 237 231 266 802
Passcode: PpKKPK
1. CALL TO ORDER
2. APPROVAL OF MINUTES
a) March 20, 2025
3. CORRESPONDENCE
4. MONTHLY STATEMENTS
a) February 2025
b) March 2025
5. MONTHLY BILLS AND PENSION PAYMENTS
a) April 2025
b) May 2025
6. UNFINISHED BUSINESS
7. NEW BUSINESS
8. ADJOURNMENT
MINUTES
FIREFIGHTERS’ PENSION BOARD
CITY OF RENTON
MARCH 20, 2025
________________________________________________________________________
Armondo Pavone, Mayor - absent
Ruth Pérez, Finance Committee Chair
Jason Seth, City Clerk
Ray Barilleaux, Fire Department Representative
James Matthew, Fire Department Representative
Chuck Christenson, Alternate Fire Department Representative
Sean Hollingsworth, Finance Representative
Kari Roller, Finance Administrator
Alex Tuttle, Senior Assistant City Attorney
________________________________________________________________________
The regular meeting of the Firefighters’ Pension Board was called to order by Jason
Seth, City Clerk and Secretary of the Board at 2:02 p.m. In attendance were Finance
Committee Chair Ruth Pérez; City Clerk Jason Seth; and Fire Department
Representatives Ray Barilleaux, Jim Matthew, and alternate member Chuck
Christenson. Additionally, Kari Roller and Sean Hollingsworth, Finance Department
Representatives, and Alex Tuttle, Senior Assistant City Attorney were in attendance.
MINUTES APPROVAL
MOVED BY BARILLEAUX, SECONDED BY MATTHEW, THE PENSION BOARD
APPROVE THE MINUTES OF THE JANUARY 16, 2026, MEETING. CARRIED.
MONTHLY STATEMENT
The DECEMBER 2024 and JANUARY 2025 financial reports were reviewed. Total
cash/investment balance was, as of JANUARY 31, 2025, $9,639,079.31.
MONTHLY BILLS AND PENSION PAYMENTS
MOVED BY BARILLEAUX, SECONDED BY MATTHEW, THE BOARD APPROVE THE
PENSION/MEDICAL PAYMENTS OF $24,455.07 FOR FEBRUARY 2025, AND
$24,455.07 FOR MARCH 2025, TO BE PAID BY THE FIREFIGHTERS’ PENSION FUND.
CARRIED.
NEW BUSINESS
Mr. Barilleaux noted that Ms. Lila Jean Tonda had passed away.
ADJOURNMENT
City Clerk Seth adjourned the meeting at 2:07 p.m.
AGENDA ITEM #2. a)
11/14/2024 Minutes
Firefighters’ Pension Board
Page 2 of 2
Jason Seth, MMC
City Clerk/Public Records Officer
Secretary, Firefighters’ Pension Board
AGENDA ITEM #2. a)
CITY OF RENTON - FIREFIGHTER'S PENSION FUND
CASH & INVESTMENT ACTIVITY REPORT
AS OF FEBRUARY 28, 2025
Firefighter's Pension Fund Comparison of Cash and Investment Activity
CURRENT 2025 2025 LAST YEAR 2024 2024
ACTIVITY: MONTH YTD BUDGET CURR MO ACTUAL BUDGET
BEGINNING CASH/INV BALANCE 9,639,079.31 9,636,751.56 9,130,427.00 9,258,495.40 9,253,302.21 9,253,302.21
RECEIPTS:
Fire Insurance Premium Tax 0.00 0.00 0.00 0.00 0.00 0.00
Investment Interest 30,088.78 56,871.60 1,500,000.00 23,886.99 53,576.81 200,000.00
DISBURSEMENTS:
Fire Pension 24,455.07 48,910.14 260,000.00 24,496.63 48,993.26 315,000.00
Fire Pension Medical 0.00 0.00 0.00 0.00 0.00 0.00
Office/Operating Supplies 0.00 0.00 475.00 0.00 0.00 475.00
Actuarial/Firemen's Pens 0.00 0.00 15,000.00 0.00 0.00 7,400.00
ENDING CASH/INV BALANCE $9,644,713.02 $9,644,713.02 $10,354,952 $9,257,885.76 $9,257,885.76 $9,130,427
CURRENT PREVIOUS LAST YEAR LAST YEAR
ACTIVITY: MONTH MONTH CURR MO PREV MO
CASH/State Investment Pool $9,245,249.93 $9,243,070.90 $8,804,964.70 $8,807,191.90
INVESTMENTS:
Federal National Mortgage Assn 0.00 0.00 0.00 0.00
Treasury Strips & Zero Coupon Bonds 356,701.36 356,701.36 429,683.86 429,683.86
Interest Receivable 42,761.73 39,307.05 23,237.20 21,619.64
Vouchers Payable 0.00 0.00 0.00 0.00
TOTAL CASH AND INVESTMENTS $9,644,713.02 $9,639,079.31 $9,257,885.76 $9,258,495.40
The State Investment Pool interest 4.4276% 4.4507% 5.4132% 5.4220%
6.00
6.50
7.00
7.50
8.00
8.50
9.00
9.50
10.00
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Mi
l
l
i
o
n
s
o
f
D
o
l
l
a
r
s
2025 2024
H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension Stmt.xls\Feb 25 Page 1 5/13/2025
AGENDA ITEM #4. a)
CITY OF RENTON - FIREFIGHTER'S PENSION FUND
CASH & INVESTMENT ACTIVITY REPORT
AS OF MARCH 31, 2025
Firefighter's Pension Fund Comparison of Cash and Investment Activity
CURRENT 2025 2025 LAST YEAR 2024 2024
ACTIVITY: MONTH YTD BUDGET CURR MO ACTUAL BUDGET
BEGINNING CASH/INV BALANCE 9,644,713.02 9,636,751.56 9,130,427.00 9,257,885.76 9,253,302.21 9,253,302.21
RECEIPTS:
Fire Insurance Premium Tax 0.00 0.00 0.00 0.00 0.00 0.00
Investment Interest 26,761.45 83,633.05 1,500,000.00 29,400.19 82,977.00 200,000.00
DISBURSEMENTS:
Fire Pension 24,455.07 73,365.21 260,000.00 24,496.63 73,489.89 315,000.00
Fire Pension Medical 0.00 0.00 0.00 0.00 0.00 0.00
Office/Operating Supplies 0.00 0.00 475.00 0.00 0.00 475.00
Actuarial/Firemen's Pens 0.00 0.00 15,000.00 0.00 0.00 7,400.00
ENDING CASH/INV BALANCE $9,647,019.40 $9,647,019.40 $10,354,952 $9,262,789.32 $9,262,789.32 $9,130,427
CURRENT PREVIOUS LAST YEAR LAST YEAR
ACTIVITY: MONTH MONTH CURR MO PREV MO
CASH/State Investment Pool $9,246,078.43 $9,245,249.93 $8,810,187.68 $8,804,964.70
INVESTMENTS:
Federal National Mortgage Assn 0.00 0.00 0.00 0.00
Treasury Strips & Zero Coupon Bonds 356,701.36 356,701.36 429,683.86 429,683.86
Interest Receivable 44,239.61 42,761.73 22,917.78 23,237.20
Vouchers Payable 0.00 0.00 0.00 0.00
TOTAL CASH AND INVESTMENTS $9,647,019.40 $9,644,713.02 $9,262,789.32 $9,257,885.76
The State Investment Pool interest 4.3994% 4.4276% 5.4066% 5.4132%
6.00
6.50
7.00
7.50
8.00
8.50
9.00
9.50
10.00
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Mi
l
l
i
o
n
s
o
f
D
o
l
l
a
r
s
2025 2024
H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension Stmt.xls\Mar 25 Page 1 5/13/2025
AGENDA ITEM #4. b)
FIREFIGHTERS' PENSION BOARD
PENSION/RETRO PAYMENTS FOR APRIL 2025
Recipient Pension Amt Retro Total
4 ANKENY, Charlie (Captain) $408.98 - $408.98
5 BARILLEAUX, Ray (Battalion Chief) - - $0.00
4 CHRISTENSON, Chuck (Firefighter) $577.35 - $577.35
1 GOODWIN, Kathryn Lorayne (Widow) $1,478.54 - $1,478.54
1 JONES, Evelyn M. (Widow) $460.07 - $460.07
4 LAVALLEY, Theodele (Captain) $764.70 - $764.70
5 MATTHEW, James (Deputy Chief) - - $0.00
1 MC LAUGHLIN, Barbara M. (Widow) $1,177.96 - $1,177.96
4 NEWTON, Gary (Lieutenant) $605.91 - $605.91
5 NICHOLS, Gerald (Battalion Chief) $1,073.71 - $1,073.71
5 PHILLIPS, Bruce H. (Deputy Chief) $678.54 - $678.54
1 PRINGLE, Barb $688.48 - $688.48
1 PRINGLE, S. Joan (Widow) $4,012.34 - $4,012.34
3 RIGGLE, Arduth S. (Widow) - - $0.00
4 RUPPRECHT, Jim (Firefighter D Step) $332.85 - $332.85
1 SMITH, Shirley (Widow) $477.45 - $477.45
1 STROM, Doris (Widow) $5,086.84 - $5,086.84
1 TODD, Tess R. (Widow) $560.83 - $560.83
2 TONDA, Lila Jean (Widow) - 467.27 $467.27
4 VACCA, Nick (Lieutenant) $657.98 - $657.98
1 WALLS, Camille (Widow) $212.52 - $212.52
1 WEISS, Cheryl (Widow) $1,292.62 - $1,292.62
Total Expenses: Pension/Medical $20,547.67 $467.27 $21,014.94
1 Widows - Disability. Includes a 5.8% CPI increase effective July 1st, 2024 per RCW 41.16.145
2 Widows - Service. Includes a 5.00% COLA Adj. Effective Janaury 1st, 2025.
3 Widows - Service prior to 1969. Includes a 5.8% CPI increase effective July 1st, 2024 per RCW41.16.145
4 Retirees - Disability after 1961. Includes a 5.00% COLA Adj. Effective Janaury 1st, 2025.
5 Retirees - Service after 1969. Includes a 5.00% COLA Adj. Effective Janaury 1st, 2025.
Total Pension Payments for April, 2024 18,744.24
Total Medical Payments in April, 2024 0.00
Total Expenses: Medical/Pension 18,744.24
Prior Year Pension/Medical Payments:
4_SUMMARY.xls 4/1/2025
AGENDA ITEM #5. a)
FIREFIGHTERS' PENSION BOARD
PENSION/RETRO PAYMENTS FOR MAY 2025
Recipient Pension Amt Retro Total
4 ANKENY, Charlie (Captain) $408.98 - $408.98
5 BARILLEAUX, Ray (Battalion Chief) - - $0.00
4 CHRISTENSON, Chuck (Firefighter) $577.35 - $577.35
1 GOODWIN, Kathryn Lorayne (Widow) $1,478.54 - $1,478.54
1 JONES, Evelyn M. (Widow) $460.07 - $460.07
4 LAVALLEY, Theodele (Captain) $764.70 - $764.70
5 MATTHEW, James (Deputy Chief) - - $0.00
1 MC LAUGHLIN, Barbara M. (Widow) $1,177.96 - $1,177.96
4 NEWTON, Gary (Lieutenant) $605.91 - $605.91
5 NICHOLS, Gerald (Battalion Chief) $1,073.71 - $1,073.71
5 PHILLIPS, Bruce H. (Deputy Chief) $678.54 - $678.54
1 PRINGLE, Barb $688.48 - $688.48
1 PRINGLE, S. Joan (Widow) $4,012.34 - $4,012.34
3 RIGGLE, Arduth S. (Widow) - - $0.00
4 RUPPRECHT, Jim (Firefighter D Step) $332.85 - $332.85
1 SMITH, Shirley (Widow) $477.45 - $477.45
1 STROM, Doris (Widow) $5,086.84 - $5,086.84
1 TODD, Tess R. (Widow) $560.83 - $560.83
2 TONDA, Lila Jean (Widow) - - $0.00
4 VACCA, Nick (Lieutenant) $657.98 - $657.98
1 WALLS, Camille (Widow) $212.52 - $212.52
1 WEISS, Cheryl (Widow) $1,292.62 - $1,292.62
Total Expenses: Pension/Medical $20,547.67 $0.00 $20,547.67
1 Widows - Disability. Includes a 5.8% CPI increase effective July 1st, 2024 per RCW 41.16.145
2 Widows - Service. Includes a 5.00% COLA Adj. Effective Janaury 1st, 2025.
3 Widows - Service prior to 1969. Includes a 5.8% CPI increase effective July 1st, 2024 per RCW41.16.145
4 Retirees - Disability after 1961. Includes a 5.00% COLA Adj. Effective Janaury 1st, 2025.
5 Retirees - Service after 1969. Includes a 5.00% COLA Adj. Effective Janaury 1st, 2025.
Total Pension Payments for May, 2024 18,744.24
Total Medical Payments in May, 2024 0.00
Total Expenses: Medical/Pension 18,744.24
Prior Year Pension/Medical Payments:
4_SUMMARY.xls 4/23/2025
AGENDA ITEM #5. b)