The URL can be used to link to this page

Home My WebLink About03/26/2026 - Agenda Packet (2) • � }� , • AGENDA Firefighters' Pension Board Meeting 2:00 PM - Thursday, 26 March 2026 Council Conference Room, 7th Floor, City Hall— 1055 S. Grady Way 1. CALL TO ORDER 2. APPROVAL OF MINUTES a) January 29, 2026 3. CORRESOPNDENCE 4. MONTHLY STATEMENTS a) December 2025 b) January 2026 5. MONTHLY BILLS AND PENSION PAYMENTS a) February 2026 b) March 2026 6. UNFINISHED BUSINESS Funeral Benefit Payments 7. NEW BUSINESS 8. ADJOURNMENT MINUTES SPECIAL FIREFIGHTERS' PENSION BOARD CITY OF RENTON January 29,2025 Armondo Pavone, Mayor-Absent Valerie O'Halloran, Finance Committee Chair Jason Seth, City Clerk Ray Barilleaux, Fire Department Representative James Matthew, Fire Department Representative Chuck Christenson,Alternate Fire Department Representative Nate Malone, Finance Representative -Absent Duncan Gray, Finance Representative Kari Roller, Finance Administrator Alex Tuttle, Senior Assistant City Attorney The special meeting of the Firefighters' Pension Board was called to order by Jason Seth, City Clerk and Secretary of the Board at 3:00 p.m. In attendance were Valerie O'Halloran, Finance Committee Chair, and Fire Department Representatives Jim Matthew, Ray Barilleaux, and alternate member Chuck Christenson.Additionally, Kari Roller and Duncan Gray, Finance Department Representatives, and Alex Tuttle, Legal Department representative,were in attendance. MINUTES APPROVAL MOVED BY BARILLEAUX,SECONDED BY MATTHEW,THE PENSION BOARD APPROVE THE MINUTES OF THE SEPTEMBER 18, 2025, MEETING. CARRIED. O'Halloran abstained. MONTHLY STATEMENT The OCTOBER 2025 and NOVEMBER 2025 financial reports were reviewed.Total cash/investment balance was, as of November 30,2025, $10,515,868.23. MONTHLY BILLS AND PENSION PAYMENTS MOVED BY MATTHEW, SECONDED BY BARILLEAUX,THE BOARD APPROVE THE PENSION PAYMENTS OF$22,882.32 FOR DECEMBER 2025,AND$25,446.24 FOR DECEMBER 2026, TO BE PAID BYTHE FIREFIGHTERS' PENSION FUND. CARRIED. UNFINISHED BUSINESS Mr. Barilleaux inquired about burial benefits. Mr. Graystated he would reviewthe request and report at the next meeting. ADJOURNMENT MOVED BY MATTHEW, SECONDED BY BARILLEAUX,THE MEETING BE ADJOURNED. CARRIED.Time: 3:08 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 DECEMBER 31, 2025 Firefiqhter's Pension Fund Comparison of Cash and Investment Activitv 11.00 _ _ 0 2025 0 2024 10.50 10.00 L f0 9.50 0 a9.00 08.50 �8.00 7.50 7.00 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec CURRENT 2025 2025 LAST YEAR 2024 2024 ACTIVITY: MONTH YTD BUDGET CURR MO ACTUAL BUDGET BEGINNING CASH/INV BALANCE 10,515,868.23 9,636,751.56 9,636,751.56 9,629,033.94 9,253,302.21 9,253,302.21 RECEIPTS: Investment Interest 36,711.04 1,179,264.80 1,500,000.00 29,186.73 652,361.01 200,000.00 DISBURSEMENTS: Fire Pension 22,882.32 272,769.41 310,000.00 21,469.11 261,511.66 315,000.00 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 $10,529,696.95 $10,529,696.95 $10,811,277 $9,636,751.56 $9,636,751.56 $9,130,427 CURRENT PREVIOUS LAST YEAR LAST YEAR ACTIVITY: MONTH MONTH CURR MO PREV MO CASH/State Investment Pool $10,480,221.11 $10,463,084.21 $9,244,477.56 $9,230,565.33 INVESTMENTS: Treasury Strips&Zero Coupon Bonds 0.00 0.00 356,701.36 356,701.36 Interest Receivable 49,475.84 52,784.02 35,572.64 41,767.25 TOTAL CASH AND INVESTMENTS $10,529,696.95 $10,515,868.23 $9,636,751.56 $9,629,033.94 The State Investment Pool interest 3.8762% 4.0095% 4.6019% 4.7266% H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension Stmt\Dec 25 Page 1 3/23/2026 CITY OF RENTON - FIREFIGHTER'S PENSION FUND CASH & INVESTMENT ACTIVITY REPORT AS OF JANUARY 31, 2026 Firefiqhter's Pension Fund Comparison of Cash and Investment Activitv 11.00 — _ _ 0 2025 0 2025 I 10.50 10.00 L f0 9.50 0 a9.00 08.50 �8.00 7.50 7.00 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec CURRENT 2026 2026 LAST YEAR 2025 2025 ACTIVITY: MONTH YTD BUDGET CURR MO ACTUAL BUDGET BEGINNING CASH/INV BALANCE 10,529,696.95 10,529,696.95 1Q529,696.95 9,636,751.56 9,636,751.56 9,636,751.56 RECEIPTS: Investment Interest 29,202.24 29,202.24 300,000.00 26,782.82 1,179,264.80 1,500,000.00 DISBURSEMENTS: Fire Pension 25,446.24 25,446.24 310,000.00 24,455.07 272,769.41 310,000.00 Office/Operating Supplies 0.00 0.00 475.00 0.00 0.00 475.00 Actuarial/Firemen's Pens 0.00 0.00 4,500.00 0.00 13,550.00 15,000.00 ENDING CASH/INV BALANCE $10,533,452.95 $10,533,452.95 $10,514,722 $9,639,079.31 $10,529,696.95 $10,811,276.56 CURRENT PREVIOUS LAST YEAR LAST YEAR ACTIVITY: MONTH MONTH CURR MO PREV MO CASH/State Investment Pool $10,478,631.12 $10,480,221.11 $9,243,070.90 $9,244,477.56 INVESTMENTS: Treasury Strips&Zero Coupon Bonds 0.00 0.00 356,701.36 356,701.36 Interest Receivable 54,821.83 49,475.84 39,307.05 35,572.64 TOTAL CASH AND INVESTMENTS $10,533,452.95 $10,529,696.95 $9,639,079.31 $9,636,751.56 The State Investment Pool interest 3.7752% 3.8762% 4.4507% 4.6019% H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension Stmt\Jan 26 Page 1 3/24/2026 FIREFIGHTERS'PENSION BOARD PENSION/RETRO PAYMENTS FOR FEBRUARY 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 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 Z PHILLIPS(Widow) $1,126.74 - $1,126.74 1 PRINGLE(Widow of Arthur) $936.62 - $936.62 3 RIGGLE(Widow) $138.03 - $138.03 4 RUPPRECHT(Firefighter D Step) $578.85 - $578.85 1 SMITH (Widow) $654.14 - $654.14 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 $14,300.13 $0.00 $14,300.13 1 Widows-Disability. Includes a 3.70%CPI increase effective July 1st, 2025 per RCW 41.16.145 Z 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, 2026 Prior Year Pension/Medical Payments: Total Pension Payments for February,2025 24,455.07 Total Medical Payments in February,2025 0.00 Total Expenses: Medical/Pension 24,455.07 4_S U M MARY 2/4/2026 FIREFIGHTERS'PENSION BOARD PENSION/RETRO PAYMENTS FOR MARCH 2O26 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 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 Z PHILLIPS(Widow) $1,126.74 - $1,126.74 1 PRINGLE (Widow of Arthur) $936.62 - $936.62 3 RIGGLE(Widow) $138.03 - $138.03 4 RUPPRECHT(Firefighter D Step) $578.85 - $578.85 1 SMITH (Widow) $654.14 - $654.14 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 $14,300.13 $0.00 $14,300.13 1 Widows-Disability. Includes a 3.70%CPI increase effective July 1st, 2025 per RCW 41.16.145 Z Widows-Service. Includes a 4.7%COLA Adj. Effective January 1st, 2026. 3 Widows-Service prior to 1969. Includes a 3.70°/o 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,2026 Prior Year Pension/Medical Payments: Total Pension Payments for March, 2025 24,455.07 Total Medical Payments in March,2025 0.00 Total Expenses: Medical/Pension 24,455.07 4_S U M MARY 3/2/2026