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AGENDA
Firefighters' Pension Board Meeting
2:00 PM - Thursday, 21 May 2026
Council Conference Room, 7th Floor, City Hall – 1055 S. Grady Way
1. CALL TO ORDER
2. APPROVAL OF MINUTES
a) March 26, 2026
3. CORRESPONDENCE
4. MONTHLY STATEMENTS
a) February 2026
b) March 2026
5. MONTHLY BILLS AND PENSION PAYMENTS
a) April 2026
b) May 2026
6. UNFINISHED BUSINESS
7. NEW BUSINESS
8. ADJOURNMENT
MINUTES
SPECIAL FIREFIGHTERS’ PENSION BOARD
CITY OF RENTON
March 26, 2026
________________________________________________________________________
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 - absent
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 2:02 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 MATTHEW, SECONDED BY O’HALLORAN, THE PENSION BOARD APPROVE THE
MINUTES OF THE JANUARY 29, 2026, MEETING. CARRIED. O’Halloran abstained.
MONTHLY STATEMENT
The DECEMBER 2025 and JANUARY 2026 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 O’HALLORAN, SECONDED BY MATTHEW, THE BOARD APPROVE THE PENSION
PAYMENTS OF $14,300.13 FOR FEBRUARY 2026, AND $14,300.13 FOR MARCH 2026, TO BE
PAID BY THE FIREFIGHTERS’ PENSION FUND. CARRIED.
UNFINISHED BUSINESS
Mr. Duncan explained that funeral benefit payments are only dispersed to widows of
firefighters who have passed.
ADJOURNMENT
MOVED BY O’HALLORAN, 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 FEBRUARY 28, 2026
Firefighter's Pension Fund Comparison of Cash and Investment Activity
CURRENT 2026 2026 LAST YEAR 2025 2025
ACTIVITY: MONTH YTD BUDGET CURR MO ACTUAL BUDGET
BEGINNING CASH/INV BALANCE 10,533,452.95 10,529,696.95 10,529,696.95 9,639,079.31 9,636,751.56 9,636,751.56
RECEIPTS:
Investment Interest 28,114.47 57,316.71 300,000.00 30,088.78 1,179,264.80 1,500,000.00
DISBURSEMENTS:
Fire Pension 15,300.13 40,746.37 310,000.00 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 $10,546,267.29 $10,546,267.29 $10,514,722 $9,644,713.02 $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 $10,490,639.06 $10,478,631.12 $9,245,249.93 $9,243,070.90
INVESTMENTS:
Treasury Strips & Zero Coupon Bonds 0.00 0.00 356,701.36 356,701.36
Interest Receivable 55,628.23 54,821.83 42,761.73 39,307.05
TOTAL CASH AND INVESTMENTS $10,546,267.29 $10,533,452.95 $9,644,713.02 $9,639,079.31
The State Investment Pool interest 3.7421% 3.7752% 4.4276% 4.4507%
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H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension Stmt.xls\Feb 26 Page 1 5/15/2026
CITY OF RENTON - FIREFIGHTER'S PENSION FUND
CASH & INVESTMENT ACTIVITY REPORT
AS OF MARCH 31, 2026
Firefighter's Pension Fund Comparison of Cash and Investment Activity
CURRENT 2026 2026 LAST YEAR 2025 2025
ACTIVITY: MONTH YTD BUDGET CURR MO ACTUAL BUDGET
BEGINNING CASH/INV BALANCE 10,546,267.29 10,529,696.95 10,529,696.95 9,644,713.02 9,636,751.56 9,636,751.56
RECEIPTS:
Investment Interest 28,044.45 85,361.16 300,000.00 26,761.45 1,179,264.80 1,500,000.00
DISBURSEMENTS:
Fire Pension 14,300.13 55,046.50 310,000.00 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 $10,560,011.61 $10,560,011.61 $10,514,722 $9,647,019.40 $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 $10,504,239.75 $10,490,639.06 $9,246,078.43 $9,245,249.93
INVESTMENTS:
Treasury Strips & Zero Coupon Bonds 0.00 0.00 356,701.36 356,701.36
Interest Receivable 55,771.86 55,628.23 44,239.61 42,761.73
TOTAL CASH AND INVESTMENTS $10,560,011.61 $10,546,267.29 $9,647,019.40 $9,644,713.02
The State Investment Pool interest 3.7101% 3.7421% 4.3994% 4.4276%
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H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension Stmt.xls\Mar 26 Page 1 5/15/2026
FIREFIGHTERS' PENSION BOARD
PENSION/RETRO PAYMENTS FOR APRIL 2026
Recipient Pension Amt Retro Total
4 ANKENY (Captain) $570.05 - $570.05
5 BARILLEAUX (Battalion Chief) - - $0.00
4 CHRISTENSON (Firefighter) $720.23 - $720.23
1 JONES (Widow) $532.71 - $532.71
4 LAVALLEY (Captain) $934.84 - $934.84
5 MATTHEW (Deputy Chief) - - $0.00
1 MC LAUGHLIN (Widow) $1,306.17 - $1,306.17
4 NEWTON (Lieutenant) $753.73 - $753.73
5 NICHOLS (Battalion Chief) $1,272.22 - $1,272.22
2 PHILLIPS (Widow) $901.20 - $901.20
1 PRINGLE (Widow of Arthur) $783.17 - $783.17
3 RIGGLE (Widow) $12.83 - $12.83
4 RUPPRECHT (Firefighter D Step) $455.06 - $455.06
1 SMITH (Widow) $544.55 - $544.55
1 TODD (Widow) $629.92 - $629.92
4 VACCA (Lieutenant) $801.15 - $801.15
1 WALLS (Widow)$277.91 - $277.91
1 WEISS (Widow) $1,425.79 - $1,425.79
Total Expenses: Pension/Medical $11,921.53 $0.00 $11,921.53
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, 2026
Total Pension Payments for April, 2025 21,014.94
Total Medical Payments in April, 2025 0.00
Total Expenses: Medical/Pension 21,014.94
Prior Year Pension/Medical Payments:
4_SUMMARY 4/7/2026
FIREFIGHTERS' PENSION BOARD
PENSION/RETRO PAYMENTS FOR MAY 2026
Recipient Pension Amt Retro Total
4 ANKENY (Captain) $570.05 - $570.05
5 BARILLEAUX (Battalion Chief) - - $0.00
4 CHRISTENSON (Firefighter) $720.23 - $720.23
1 JONES (Widow) $532.71 - $532.71
4 LAVALLEY (Captain) $934.84 - $934.84
5 MATTHEW (Deputy Chief) - - $0.00
1 MC LAUGHLIN (Widow) $1,306.17 - $1,306.17
4 NEWTON (Lieutenant) $753.73 - $753.73
5 NICHOLS (Battalion Chief) $1,272.22 - $1,272.22
2 PHILLIPS (Widow) $901.20 - $901.20
1 PRINGLE (Widow of Arthur) $783.17 - $783.17
3 RIGGLE (Widow) $12.83 - $12.83
4 RUPPRECHT (Firefighter D Step) $455.06 - $455.06
1 SMITH (Widow) $544.55 - $544.55
1 TODD (Widow) $629.92 - $629.92
4 VACCA (Lieutenant) $801.15 - $801.15
1 WALLS (Widow)$277.91 - $277.91
1 WEISS (Widow) $1,425.79 - $1,425.79
Total Expenses: Pension/Medical $11,921.53 $0.00 $11,921.53
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, 2026
Total Pension Payments for May, 2025 20,547.67
Total Medical Payments in May, 2025 0.00
Total Expenses: Medical/Pension 20,547.67
Prior Year Pension/Medical Payments:
4_SUMMARY.xls 5/5/2026