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AGENDA
Special Firefighters' Pension Board Meeting
3:00 PM - Thursday, January 29, 2026
Council Conference Room, 7th Floor, City Hall – 1055 S. Grady Way
1. CALL TO ORDER
2. APPROVAL OF MINUTES
a) November 20, 2025
3. CORRESOPNDENCE
4. MONTHLY STATEMENTS
a) October 2025
b) November 2025
5. MONTHLY BILLS AND PENSION PAYMENTS
a) December 2025
b) January 2026
6. UNFINISHED BUSINESS
7. NEW BUSINESS
8. ADJOURNMENT
MINUTES
FIREFIGHTERS’ PENSION BOARD
CITY OF RENTON
NOVEMBER 20, 2025
________________________________________________________________________
Armondo Pavone, Mayor
Ruth Pérez, Finance Committee Chair - absent
Jason Seth, City Clerk
Ray Barilleaux, Fire Department Representative
James Matthew, Fire Department Representative
Chuck Christenson, Alternate Fire Department Representative
Nate Malone, Finance 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 2:0 p.m. In attendance were Mayor Armondo
Pavone; City Clerk Jason Seth; and Fire Department Representatives Jim Matthew, Ray
Barilleaux, and alternate member Chuck Christenson. Additionally, Kari Roller and Duncan
McKelvey, Finance Department Representatives, and Alex Tuttle, Legal Department were in
attendance.
MINUTES APPROVAL
MOVED BY BARILLEAUX, SECONDED BY MATTHEW, THE PENSION BOARD APPROVE THE
MINUTES OF THE SEPTEMBER 18, 2025, MEETING. CARRIED.
MONTHLY STATEMENT
The AUGUST 2025 and SEPTEMBER 2025 financial reports were reviewed. Total
cash/investment balance was, as of SEPTEMBER 30, 2025, $10,499,750.80.
MONTHLY BILLS AND PENSION PAYMENTS
MOVED BY MATTHEW, SECONDED BY BARILLEAUX, THE BOARD APPROVE THE PENSION
PAYMENTS OF $22,882.32 FOR OCTOBER 2025, AND $22,882.32 FOR NOVEMBER 2025,
TO BE PAID BY THE FIREFIGHTERS’ PENSION FUND. CARRIED.
UNFINISHED BUSINESS
City Clerk Seth noted that Jim Matthew had been elected to serve from 1/1/2026 –
12/31/2027.
ADJOURNMENT
MOVED BY MATTHEW, SECONDED BY BARILLEAUX, THE MEETING BE ADJOURNED.
CARRIED. Time: 2:10 p.m.
Jason Seth, MMC
City Clerk/Public Records Officer
Secretary, Firefighters’ Pension Board
CITY OF RENTON - FIREFIGHTER'S PENSION FUND
CASH & INVESTMENT ACTIVITY REPORT
AS OF OCTOBER 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 10,499,750.80 9,636,751.56 9,636,751.56 9,316,150.83 9,253,302.21 9,253,302.21
RECEIPTS:
Investment Interest 29,018.30 1,109,689.99 1,500,000.00 28,445.97 652,361.01 200,000.00
DISBURSEMENTS:
Fire Pension 22,882.32 227,004.77 310,000.00 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 13,550.00 15,000.00 0.00 7,400.00 7,400.00
ENDING CASH/INV BALANCE $10,505,886.78 $10,505,886.78 $10,811,277 $9,322,522.18 $9,636,751.56 $9,130,427
CURRENT PREVIOUS LAST YEAR LAST YEAR
ACTIVITY: MONTH MONTH CURR MO PREV MO
CASH/State Investment Pool $10,455,425.68 $10,454,173.19 $8,854,288.99 $8,856,602.77
INVESTMENTS:
Treasury Strips & Zero Coupon Bonds 0.00 0.00 429,683.86 429,683.86
Interest Receivable 50,461.10 45,577.61 38,549.33 29,864.20
TOTAL CASH AND INVESTMENTS $10,505,886.78 $10,499,750.80 $9,322,522.18 $9,316,150.83
The State Investment Pool interest 4.1659% 4.2906% 4.9335% 5.2278%
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H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension Stmt\Oct 25 Page 1 1/21/2026
CITY OF RENTON - FIREFIGHTER'S PENSION FUND
CASH & INVESTMENT ACTIVITY REPORT
AS OF NOVEMBER 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 10,505,886.78 9,636,751.56 9,636,751.56 9,322,522.18 9,253,302.21 9,253,302.21
RECEIPTS:
Investment Interest 32,863.77 1,142,553.76 1,500,000.00 328,586.38 652,361.01 200,000.00
DISBURSEMENTS:
Fire Pension 22,882.32 249,887.09 310,000.00 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 13,550.00 15,000.00 0.00 7,400.00 7,400.00
ENDING CASH/INV BALANCE $10,515,868.23 $10,515,868.23 $10,811,277 $9,629,033.94 $9,636,751.56 $9,130,427
CURRENT PREVIOUS LAST YEAR LAST YEAR
ACTIVITY: MONTH MONTH CURR MO PREV MO
CASH/State Investment Pool $10,463,084.21 $10,455,425.68 $9,230,565.33 $8,854,288.99
INVESTMENTS:
Treasury Strips & Zero Coupon Bonds 0.00 0.00 356,701.36 429,683.86
Interest Receivable 52,784.02 50,461.10 41,767.25 38,549.33
TOTAL CASH AND INVESTMENTS $10,515,868.23 $10,505,886.78 $9,629,033.94 $9,322,522.18
The State Investment Pool interest 4.0095% 4.1659% 4.7266% 4.9335%
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H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension Stmt\Nov 25 Page 1 1/21/2026
FIREFIGHTERS' PENSION BOARD
PENSION/RETRO PAYMENTS FOR DECEMBER 2025
Recipient Pension Amt Retro Total
$408.98 - $408.98
- - $0.00
$577.35 - $577.35
$1,710.26 - $1,710.26
$656.02 - $656.02
$764.70 - $764.70
- - $0.00
$1,493.81 - $1,493.81
$605.91 - $605.91
$1,073.71 - $1,073.71
$678.54 - $678.54
$936.62 - $936.62
$4,160.80 - $4,160.80
$138.03 - $138.03
$332.85 - $332.85
$654.14 - $654.14
$5,275.05 - $5,275.05
$737.10 - $737.10
$657.98 - $657.98
$405.45 - $405.45
4 ANKENY (Captain)
5 BARILLEAUX (Battalion Chief)
4 CHRISTENSON (Firefighter)
1 GOODWIN (Widow)
1 JONES (Widow)
4 LAVALLEY (Captain)
5 MATTHEW (Deputy Chief)
1 MC LAUGHLIN (Widow)
4 NEWTON (Lieutenant)
5 NICHOLS (Battalion Chief)
5 PHILLIPS (Widow)
1 PRINGLE (Widow of Arthur)
1 PRINGLE (Widow of Jack)
3 RIGGLE (Widow)
4 RUPPRECHT (Firefighter D Step)
1 SMITH (Widow)
1 STROM (Widow)
1 TODD (Widow)
4 VACCA (Lieutenant)
1 WALLS (Widow)
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 December, 2024 21,469.11
Total Medical Payments in December, 2024 0.00
Total Expenses: Medical/Pension 21,469.11
Prior Year Pension/Medical Payments:
4_SUMMARY 11/25/2025
FIREFIGHTERS' PENSION BOARD
PENSION/RETRO PAYMENTS FOR JANUARY 2026
Recipient Pension Amt Retro Total
4 ANKENY (Captain) $734.98 - $734.98
5 BARILLEAUX (Battalion Chief) - - $0.00
4 CHRISTENSON (Firefighter) $857.07 - $857.07
1 GOODWIN (Widow) $1,710.26 - $1,710.26
1 JONES (Widow) $656.02 - $656.02
4 LAVALLEY (Captain) $1,090.70 - $1,090.70
5 MATTHEW (Deputy Chief) - - $0.00
1 MC LAUGHLIN (Widow) $1,493.81 - $1,493.81
4 NEWTON (Lieutenant) $894.91 - $894.91
5 NICHOLS (Battalion Chief) $1,447.21 - $1,447.21
5 PHILLIPS (Widow) $1,126.74 - $1,126.74
1 PRINGLE (Widow of Arthur) $936.62 - $936.62
1 PRINGLE (Widow of Jack) $4,160.80 - $4,160.80
3 RIGGLE (Widow) $138.03 - $138.03
4 RUPPRECHT (Firefighter D Step) $578.85 - $578.85
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) $933.48 - $933.48
1 WALLS (Widow)$405.45 - $405.45
1 WEISS (Widow) $1,615.02 - $1,615.02
Total Expenses: Pension/Medical $25,446.24 $0.00 $25,446.24
1 Widows - Disability. Includes a 3.70% CPI increase effective July 1st, 2025 per RCW 41.16.145
2 Widows - Service. Includes a 4.7% COLA Adj. Effective January 1st, 2026.
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 4.7% COLA Adj. Effective January 1st, 2026.
5 Retirees - Service after 1969. Includes a 4.7% COLA Adj. Effective January 1st, 20256
Total Pension Payments for January, 2025 24,455.07
Total Medical Payments in January, 2025 0.00
Total Expenses: Medical/Pension 24,455.07
Prior Year Pension/Medical Payments:
4_SUMMARY 12/24/2025