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AGENDA
Firefighters' Pension Board Meeting
2:00 PM - Thursday, September 18, 2025
Council Conference Room, 7th Floor, City Hall – 1055 S. Grady Way
1. CALL TO ORDER
2. APPROVAL OF MINUTES
a) July 17, 2025
3. CORRESPONDENCE
4. MONTHLY STATEMENTS
a) June 2025
b) July 2025
5. MONTHLY BILLS AND PENSION PAYMENTS
a) August 2025
b) September 2025
6. UNFINISHED BUSINESS
a) Firefighters Pension Board Member Nomination Form
b) Firefighters Pension Board Member Election Ballot
7. NEW BUSINESS
8. ADJOURNMENT
MINUTES
FIREFIGHTERS’ PENSION BOARD
CITY OF RENTON
JULY 17, 2025
________________________________________________________________________
Armondo Pavone, Mayor
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
Duncan McKelvey, 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 Mayor
Armondo Pavone, Finance Committee Chair Ruth Pérez; City Clerk Jason Seth; and
Fire Department Representatives Jim Matthew and alternate member Chuck
Christenson. Additionally, Kari Roller and Duncan McKelvey, Finance Department
Representatives, and Alex Tuttle, Senior Assistant City Attorney were in attendance.
MINUTES APPROVAL
MOVED BY MATTHEW, SECONDED BY BARILLEAUX, THE PENSION BOARD
APPROVE THE MINUTES OF THE MAY 15, 2025, MEETING. CARRIED.
MONTHLY STATEMENT
The APRIL 2025 and MAY 2025 financial reports were reviewed. Total
cash/investment balance was, as of MAY 31, 2025, $9,895,760.24.
MONTHLY BILLS AND PENSION PAYMENTS
MOVED BY BARILLEAUX, SECONDED BY MATTHEW, THE BOARD APPROVE THE
PENSION/MEDICAL PAYMENTS OF $20,547.67 FOR JUNE 2025, AND $22,882.32
FOR JULY 2025, TO BE PAID BY THE FIREFIGHTERS’ PENSION FUND. CARRIED.
NEW BUSINESS
City Clerk Seth noted that the Nomination and Ballot form for the next board
member election will be reviewed at the next meeting.
ADJOURNMENT
MOVED BY PAVONE, SECONDED BY MATTHEW, THE MEETING BE ADJOURNED.
CARRIED. Time: 2:10 p.m.
AGENDA ITEM #2. a)
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 JUNE 30, 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 9,895,760.24 9,636,751.56 9,636,751.56 9,484,990.39 9,253,302.21 9,253,302.21
RECEIPTS:
Fire Insurance Premium Tax * (237,294.13) 0.00 0.00 0.00 0.00 0.00
Investment Interest 31,717.26 168,359.63 1,500,000.00 29,573.85 652,361.01 200,000.00
DISBURSEMENTS:
Fire Pension 20,547.67 135,475.49 260,000.00 18,691.08 261,511.66 315,000.00
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 $9,669,635.70 $9,669,635.70 $10,861,277 $9,495,873.16 $9,636,751.56 $9,130,427
CURRENT PREVIOUS LAST YEAR LAST YEAR
ACTIVITY: MONTH MONTH CURR MO PREV MO
CASH/State Investment Pool $9,264,852.37 $9,486,729.20 $9,035,151.86 $9,024,902.09
INVESTMENTS:
Treasury Strips & Zero Coupon Bonds 356,701.36 356,701.36 429,683.86 429,683.86
Interest Receivable 48,081.97 52,329.68 31,037.44 30,404.44
TOTAL CASH AND INVESTMENTS $9,669,635.70 $9,895,760.24 $9,495,873.16 $9,484,990.39
The State Investment Pool interest 4.3831% 4.3735% 5.4042% 5.3986%
Note: * YTD Fire Insurance Premium Tax was moved from the Pension Fund to the Retiree Healthcare Fund because the pension is fully funded
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H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension Stmt\Jun 25 Page 1 8/29/2025
AGENDA ITEM #4. a)
CITY OF RENTON - FIREFIGHTER'S PENSION FUND
CASH & INVESTMENT ACTIVITY REPORT
AS OF JULY 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 9,669,635.70 9,636,751.56 9,636,751.56 9,495,873.16 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 25,746.54 194,106.17 1,500,000.00 30,313.34 652,361.01 200,000.00
DISBURSEMENTS:
Fire Pension 22,882.32 158,357.81 260,000.00 22,074.62 261,511.66 315,000.00
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 $9,672,499.92 $9,672,499.92 $10,861,277 $9,504,111.88 $9,636,751.56 $9,130,427
CURRENT PREVIOUS LAST YEAR LAST YEAR
ACTIVITY: MONTH MONTH CURR MO PREV MO
CASH/State Investment Pool $9,267,453.68 $9,264,852.37 $9,043,055.31 $9,035,151.86
INVESTMENTS:
Treasury Strips & Zero Coupon Bonds 356,701.36 356,701.36 429,683.86 429,683.86
Interest Receivable 48,344.88 48,081.97 31,372.71 31,037.44
TOTAL CASH AND INVESTMENTS $9,672,499.92 $9,669,635.70 $9,504,111.88 $9,495,873.16
The State Investment Pool interest 4.3915% 4.3831% 5.4110% 5.4042%
Note: * YTD Fire Insurance Premium Tax was moved from the Pension Fund to the Retiree Healthcare Fund because the pension is fully funded
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AGENDA ITEM #4. b)
FIREFIGHTERS' PENSION BOARD
PENSION/RETRO PAYMENTS FOR AUGUST 2025
Recipient Pension Amt Retro Total
4 ANKENY (Captain) $408.98 - $408.98
5 BARILLEAUX (Battalion Chief) - - $0.00
4 CHRISTENSON (Firefighter) $577.35 - $577.35
1 GOODWIN (Widow) $1,710.26 - $1,710.26
1 JONES (Widow) $656.02 - $656.02
4 LAVALLEY (Captain) $764.70 - $764.70
5 MATTHEW (Deputy Chief) - - $0.00
1 MC LAUGHLIN (Widow) $1,493.81 - $1,493.81
4 NEWTON (Lieutenant) $605.91 - $605.91
5 NICHOLS (Battalion Chief) $1,073.71 - $1,073.71
5 PHILLIPS (Deputy Chief) $678.54 - $678.54
1 PRINGLE $936.62 - $936.62
1 PRINGLE (Widow) $4,160.80 - $4,160.80
3 RIGGLE (Widow) $138.03 - $138.03
4 RUPPRECHT (Firefighter D Step) $332.85 - $332.85
1 SMITH (Widow) $654.14 - $654.14
1 STROM (Widow) $5,275.05 - $5,275.05
1 TODD (Widow) $737.10 - $737.10
4 VACCA (Lieutenant) $657.98 - $657.98
1 WALLS (Widow)$405.45 - $405.45
1 WEISS (Widow) $1,615.02 - $1,615.02
Total Expenses: Pension/Medical $22,882.32 $0.00 $22,882.32
1 Widows - Disability. Includes a 3.70% CPI increase effective July 1st, 2025 per RCW 41.16.145
2 Widows - Service. Includes a 5.00% COLA Adj. Effective January 1st, 2025.
3 Widows - Service prior to 1969. Includes a 3.70% CPI increase effective July 1st, 2025 per RCW 41.16.145
4 Retirees - Disability after 1961. Includes a 5.00% COLA Adj. Effective January 1st, 2025.
5 Retirees - Service after 1969. Includes a 5.00% COLA Adj. Effective January 1st, 2025.
Total Pension Payments for August, 2024 22,074.62
Total Medical Payments in August, 2024 0.00
Total Expenses: Medical/Pension 22,074.62
Prior Year Pension/Medical Payments:
4_SUMMARY 7/31/2025
AGENDA ITEM #5. a)
FIREFIGHTERS' PENSION BOARD
PENSION/RETRO PAYMENTS FOR SEPTEMBER 2025
Recipient Pension Amt Retro Total
4 ANKENY (Captain) $408.98 - $408.98
5 BARILLEAUX (Battalion Chief) - - $0.00
4 CHRISTENSON (Firefighter) $577.35 - $577.35
1 GOODWIN (Widow) $1,710.26 - $1,710.26
1 JONES (Widow) $656.02 - $656.02
4 LAVALLEY (Captain) $764.70 - $764.70
5 MATTHEW (Deputy Chief) - - $0.00
1 MC LAUGHLIN (Widow) $1,493.81 - $1,493.81
4 NEWTON (Lieutenant) $605.91 - $605.91
5 NICHOLS (Battalion Chief) $1,073.71 - $1,073.71
5 PHILLIPS (Deputy Chief) $678.54 - $678.54
1 PRINGLE $936.62 - $936.62
1 PRINGLE (Widow) $4,160.80 - $4,160.80
3 RIGGLE (Widow) $138.03 - $138.03
4 RUPPRECHT (Firefighter D Step) $332.85 - $332.85
1 SMITH (Widow) $654.14 - $654.14
1 STROM (Widow) $5,275.05 - $5,275.05
1 TODD (Widow) $737.10 - $737.10
4 VACCA (Lieutenant) $657.98 - $657.98
1 WALLS (Widow)$405.45 - $405.45
1 WEISS (Widow) $1,615.02 - $1,615.02
Total Expenses: Pension/Medical $22,882.32 $0.00 $22,882.32
1 Widows - Disability. Includes a 3.70% CPI increase effective July 1st, 2025 per RCW 41.16.145
2 Widows - Service. Includes a 5.00% COLA Adj. Effective January 1st, 2025.
3 Widows - Service prior to 1969. Includes a 3.70% CPI increase effective July 1st, 2025 per RCW 41.16.145
4 Retirees - Disability after 1961. Includes a 5.00% COLA Adj. Effective January 1st, 2025.
5 Retirees - Service after 1969. Includes a 5.00% COLA Adj. Effective January 1st, 2025.
Total Pension Payments for September, 2024 22,074.62
Total Medical Payments in September, 2024 0.00
Total Expenses: Medical/Pension 22,074.62
Prior Year Pension/Medical Payments:
4_SUMMARY 8/29/2025
AGENDA ITEM #5. b)
Firefighters’ Pension Board Member Nomination Form
Form Submission Deadline: October 1, 2025
If you wish to nominate someone for the Firefighters’ Pension Board member position,
please write their name below.
Please send this form back to:
City of Renton
C/O City Clerk
1055 S Grady Way
Renton, WA 98057
Write-in Nomination
_________________________________________________________________________________________________
_____________________________________ _______________________________________
Printed Name Signature
AGENDA ITEM #6. a)
Firefighters’ Pension Board Member Election Ballot
Election Deadline: November 10, 2025
Please vote for one candidate for the Firefighters’ Pension Board Position #1. Check the
box next to the name of your preferred candidate. Return your completed ballot by the
deadline via email or mail using the provided instructions below.
Please Note: If you nominated someone and do not see them listed, it is because they
were humbled to be nominated but graciously declined to be included on the ballot.
☐ Vote for Jim Matthew
Write-in Candidate
(If you wish to vote for someone not listed, please write their name below and check the box.)
_________________________________
☒ Write-in Vote
Voter Instructions:
1. Mark one candidate of your choice or write in an eligible candidate’s name.
2. Email Submissions: Email your completed ballot to cityclerk@rentonwa.gov by November 10,
2025.
3. Mail Submissions: Place your completed ballot in the self-addressed, stamped, return envelope
provided and mail it by November 5, 2025.
4. Ballots must be received by the deadline to be counted.
Please Note: Only one vote per member will be counted. If more than one vote is marked, your ballot will
be considered invalid.
_____________________________________ _______________________________________
Printed Name Signature
AGENDA ITEM #6. b)