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AGENDA
Firefighters' Pension Board Meeting
2:00 PM - Thursday, March 20, 2025
Council Conference Room, 7th Floor, City Hall – 1055 S. Grady Way
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* * * * *
1. CALL TO ORDER
2. APPROVAL OF MINUTES
a) January 16, 2025
3. CORRESPONDENCE
4. MONTHLY STATEMENTS
a) December 2024
b) January 2025
5. MONTHLY BILLS AND PENSION PAYMENTS
a) February 2025
b) March 2025
6. UNFINISHED BUSINESS
7. NEW BUSINESS
8. ADJOURNMENT
MINUTES
FIREFIGHTERS’ PENSION BOARD
CITY OF RENTON
January 16, 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 2:01 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.
APPOINTMENT OF JAMES MATTHEW
MOVED BY CHRISTENSON, SECONDED BY BARILLEAUX, THE PENSION BOARD
APPOINT JAMES MATTHEW TO THE UNEXPIRED TERM OF CRAIG SOUCY, EXPIRING
ON 1/31/2025. CARRIED.
MINUTES APPROVAL
MOVED BY BARILLEAUX, SECONDED BY JIM MATTHEWS, THE PENSION BOARD
APPROVE THE MINUTES OF THE MAY SEPTEMBER 12 NOVEMBER 14, 2024,
MEETING, AS AMENDED. CARRIED.
MONTHLY STATEMENT
The OCTOBER 2024 and NOVEMBER 2024 financial reports were reviewed. Total
cash/investment balance was, as of NOVEMBER 30, 2024, $9,629,033.94.
MONTHLY BILLS AND PENSION PAYMENTS
MOVED BY BARILLEAUX, SECONDED BY MATTHEW, THE BOARD APPROVE THE
PENSION/MEDICAL PAYMENTS OF $21,469.11 FOR DECEMBER 2024, AND
$24,455.07 FOR JANUARY 2025, TO BE PAID BY THE FIREFIGHTERS’ PENSION
FUND. CARRIED.
AGENDA ITEM #2. a)
11/14/2024 Minutes
Firefighters’ Pension Board
Page 2 of 2
UNFINISHED BUSINESS
City Clerk Seth noted that the City of Renton will assume Fire Department
Representative elections beginning in 2025.
ADJOURNMENT
City Clerk Seth adjourned the meeting at 2:17 p.m.
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 DECEMBER 31, 2024
Firefighter's Pension Fund Comparison of Cash and Investment Activity
CURRENT 2024 2024 LAST YEAR 2023 2023
ACTIVITY: MONTH YTD BUDGET CURR MO ACTUAL BUDGET
BEGINNING CASH/INV BALANCE 9,629,033.94 9,253,302.21 9,253,302.21 9,233,523.24 9,233,523.24 8,733,790.97
RECEIPTS:
Fire Insurance Premium Tax 0.00 0.00 0.00 0.00 0.00 199,566.32
Investment Interest 29,186.73 652,361.01 200,000.00 41,612.12 41,612.12 225,000.00
DISBURSEMENTS:
Fire Pension 21,469.11 261,511.66 315,000.00 21,358.15 21,358.15 254,000.00
Fire Pension Medical 0.00 0.00 0.00 0.00 0.00 0.00
Office/Operating Supplies 0.00 0.00 475.00 475.00 475.00 475.00
Actuarial/Firemen's Pens 0.00 7,400.00 7,400.00 0.00 0.00 13,000.00
ENDING CASH/INV BALANCE $9,636,751.56 $9,636,751.56 $9,130,427 $9,253,302.21 $9,253,302.21 $8,890,882
CURRENT PREVIOUS LAST YEAR LAST YEAR
ACTIVITY: MONTH MONTH CURR MO PREV MO
CASH/State Investment Pool $9,244,477.56 $9,230,565.33 $8,802,856.93 $8,782,474.96
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 35,572.64 41,767.25 21,236.42 21,364.42
Vouchers Payable 0.00 0.00 (475.00) 0.00
TOTAL CASH AND INVESTMENTS $9,636,751.56 $9,629,033.94 $9,253,302.21 $9,233,523.24
The State Investment Pool interest 4.6019% 4.7266% 5.4293% 5.4347%
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2024 2023
H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension Stmt.xls\Dec 24 Page 1 3/10/2025
AGENDA ITEM #4. a)
CITY OF RENTON - FIREFIGHTER'S PENSION FUND
CASH & INVESTMENT ACTIVITY REPORT
AS OF JANUARY 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 9,636,751.56 9,636,751.56 9,130,427.00 9,253,302.21 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 26,782.82 26,782.82 1,500,000.00 29,689.82 652,361.01 200,000.00
DISBURSEMENTS:
Fire Pension 24,455.07 24,455.07 260,000.00 24,496.63 261,511.66 315,000.00
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 7,400.00 7,400.00
ENDING CASH/INV BALANCE $9,639,079.31 $9,639,079.31 $10,354,952 $9,258,495.40 $9,636,751.56 $9,130,427
CURRENT PREVIOUS LAST YEAR LAST YEAR
ACTIVITY: MONTH MONTH CURR MO PREV MO
CASH/State Investment Pool $9,243,070.90 $9,244,477.56 $8,807,191.90 $8,802,856.93
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 39,307.05 35,572.64 21,619.64 21,236.42
Vouchers Payable 0.00 0.00 0.00 (475.00)
TOTAL CASH AND INVESTMENTS $9,639,079.31 $9,636,751.56 $9,258,495.40 $9,253,302.21
The State Investment Pool interest 4.4507% 4.6019% 5.4220% 5.4293%
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2025 2024
H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension Stmt.xls\Jan 25 Page 1 3/10/2025
AGENDA ITEM #4. b)
FIREFIGHTERS' PENSION BOARD
PENSION/RETRO PAYMENTS FOR FEBRUARY 2025
Recipient Pension Amt Retro Total
4 ANKENY, Charlie (Captain) $634.34 - $634.34
5 BARILLEAUX, Ray (Battalion Chief) - - $0.00
4 CHRISTENSON, Chuck (Firefighter) $764.33 - $764.33
1 GOODWIN, Kathryn Lorayne (Widow) $1,645.22 - $1,645.22
1 JONES, Evelyn M. (Widow) $628.56 - $628.56
4 LAVALLEY, Theodele (Captain) $977.67 - $977.67
5 MATTHEW, James (Deputy Chief) - - $0.00
1 MC LAUGHLIN, Barbara M. (Widow) $1,434.34 - $1,434.34
4 NEWTON, Gary (Lieutenant) $798.82 - $798.82
5 NICHOLS, Gerald (Battalion Chief) $1,312.81 - $1,312.81
5 PHILLIPS, Bruce H. (Deputy Chief) $986.71 - $986.71
1 PRINGLE, Barb $898.15 - $898.15
1 PRINGLE, S. Joan (Widow) $4,012.34 - $4,012.34
3 RIGGLE, Arduth S. (Widow) $128.99 - $128.99
4 RUPPRECHT, Jim (Firefighter D Step) $502.00 - $502.00
1 SMITH, Shirley (Widow) $627.19 - $627.19
1 STROM, Doris (Widow) $5,086.84 - $5,086.84
1 TODD, Tess R. (Widow) $707.28 - $707.28
2 TONDA, Lila Jean (Widow) $532.73 - $532.73
4 VACCA, Nick (Lieutenant) $838.79 - $838.79
1 WALLS, Camille (Widow) $386.79 - $386.79
1 WEISS, Cheryl (Widow) $1,551.17 - $1,551.17
Total Expenses: Pension/Medical $24,455.07 $0.00 $24,455.07
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 February, 2024 24,496.63
Total Medical Payments in February, 2024 0.00
Total Expenses: Medical/Pension 24,496.63
Prior Year Pension/Medical Payments:
4_SUMMARY.xls 2/18/2025
AGENDA ITEM #5. a)
FIREFIGHTERS' PENSION BOARD
PENSION/RETRO PAYMENTS FOR MARCH 2025
Recipient Pension Amt Retro Total
4 ANKENY, Charlie (Captain) $634.34 - $634.34
5 BARILLEAUX, Ray (Battalion Chief) - - $0.00
4 CHRISTENSON, Chuck (Firefighter) $764.33 - $764.33
1 GOODWIN, Kathryn Lorayne (Widow) $1,645.22 - $1,645.22
1 JONES, Evelyn M. (Widow) $628.56 - $628.56
4 LAVALLEY, Theodele (Captain) $977.67 - $977.67
5 MATTHEW, James (Deputy Chief) - - $0.00
1 MC LAUGHLIN, Barbara M. (Widow) $1,434.34 - $1,434.34
4 NEWTON, Gary (Lieutenant) $798.82 - $798.82
5 NICHOLS, Gerald (Battalion Chief) $1,312.81 - $1,312.81
5 PHILLIPS, Bruce H. (Deputy Chief) $986.71 - $986.71
1 PRINGLE, Barb $898.15 - $898.15
1 PRINGLE, S. Joan (Widow) $4,012.34 - $4,012.34
3 RIGGLE, Arduth S. (Widow) $128.99 - $128.99
4 RUPPRECHT, Jim (Firefighter D Step) $502.00 - $502.00
1 SMITH, Shirley (Widow) $627.19 - $627.19
1 STROM, Doris (Widow) $5,086.84 - $5,086.84
1 TODD, Tess R. (Widow) $707.28 - $707.28
2 TONDA, Lila Jean (Widow) $532.73 - $532.73
4 VACCA, Nick (Lieutenant) $838.79 - $838.79
1 WALLS, Camille (Widow) $386.79 - $386.79
1 WEISS, Cheryl (Widow) $1,551.17 - $1,551.17
Total Expenses: Pension/Medical $24,455.07 $0.00 $24,455.07
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 March, 2024 24,496.63
Total Medical Payments in March, 2024 0.00
Total Expenses: Medical/Pension 24,496.63
Prior Year Pension/Medical Payments:
4_SUMMARY.xls 2/25/2025
AGENDA ITEM #5. b)