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Home My WebLink About07/16/2026 - Agenda Packet (2) • � }� , • AGENDA Firefighters' Pension Board Meeting 2:00 PM - Thursday, 16 July 2026 Council Conference Room, 7th Floor, City Hall— 1055 S. Grady Way 1. CALL TO ORDER 2. APPROVAL OF MINUTES a) June 3, 2026 3. CORRESPONDENCE 4. MONTHLY STATEMENTS a) Apri12026 b) May 2026 5. MONTHLY BILLS AND PENSION PAYMENTS a) June 2026 b) July 2026 6. UNFINISHED BUSINESS 7. NEW BUSINESS a) Widow increase effective 7/1/2026 8. ADJOURNMENT MINUTES SPECIAL FIREFIGHTERS' PENSION BOARD CITY OF RENTON June 3,2026 Armondo Pavone, Mayor-Absent Valerie O'Halloran, Finance Committee Chair Jason Seth, City Clerk Ray Barilleaux, Fire Department Representative James Matthew, Fire Department Representative—Absent Chuck Christenson,Alternate Fire Department Representative-Absent Nate Malone, Finance Representative -Absent Sean Hollingsworth, Finance Representative Kari Roller, Finance Administrator-absent Alex Tuttle,Senior Assistant City Attorney-absent The special meeting of the Firefighters' Pension Board was called to order by Jason Seth, City Clerk and Secretary of the Board at 10:00 a.m. In attendance were City Clerk Jason Seth,Valerie O'Halloran, Finance Committee Chair, and Fire Department Representative Ray Barilleaux,Additionally, Sean Hollingsworth, Finance Department Representative was in attendance. MINUTES APPROVAL MOVED BY BARILLEAUX, SECONDED BY O'HALLORAN,THE PENSION BOARD APPROVE THE MINUTES OF THE MARCH 26, 2026, MEETING. CARRIED. MONTHLY STATEMENT The FEBRUARY 2026 and MARCH 2O26 financial reports were reviewed.Total cash/investment balance was, as of March 31, 2026, $10,560,011.61. MONTHLY BILLS AND PENSION PAYMENTS MOVED BY BARILLEAUX, SECONDED BY O'HALLORAN,THE BOARD APPROVE THE PENSION PAYMENTS OF$11,921.53 FOR APRIL 2026,AND$11,921.53 FOR MAY 2026,TO BE PAID BYTHE FIREFIGHTERS' PENSION FUND. CARRIED. NEW BUSINESS Mr. Seth noted that the board will discuss the election process for 2027 at the next meeting. ADJOURNMENT MOVED BY BARILLEAUX, SECONDED BY O'HALLORAN,THE MEETING BE ADJOURNED. CARRIED.Time: 10:04 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 APRIL 30, 2026 Firefiqhter's Pension Fund Comparison of Cash and Investment Activity 11.00 ■2026 02025 10.50 10.00 N �9.50 0 0 9.00 0 8.50 �8.00 7.50 7.00 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec CURRENT 2026 2026 LAST YEAR 2025 ACTIVITY: MONTH YTD BUDGET CURR MO ACTUAL BEGINNING CASH/INV BALANCE 10,560,011.61 10,529,696.95 10,529,696.95 9,647,019.40 9,636,751.56 RECEIPTS: Investment Interest 34,410.91 119,772.07 300,000.00 26,790.13 1,179,264.80 DISBURSEMENTS: Fire Pension 11,921.53 66,968.03 310,000.00 21,014.94 272,769.41 Office/Operating Supplies 0.00 0.00 475.00 0.00 0.00 Actuarial/Firemen's Pens 3,900.00 3,900.00 4,500.00 0.00 13,550.00 ENDING CASH/INV BALANCE $10,578,600.99 $10,578,600.99 $10,514,722 $9,652,794.59 $10,529,696.95 CURRENT PREVIOUS LAST YEAR LAST YEAR ACTIVITY: MONTH MONTH CURR MO PREV MO CASH/State Investment Pool $10,518,381.82 $10,504,239.75 $9,247,030.69 $9,246,078.43 INVESTMENTS: Treasury Strips&Zero Coupon Bonds 0.00 0.00 356,701.36 356,701.36 Interest Receivable 60,219.17 55,771.86 49,062.54 44,239.61 TOTAL CASH AND INVESTMENTS $10,578,600.99 $10,560,011.61 $9,652,794.59 $9,647,019.40 The State Investment Pool interest 3.6992% 3JL01% 43933% 43994% H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension Stmt.xls\Apr 26 Page 1 7/10/2026 CITY OF RENTON - FIREFIGHTER'S PENSION FUND CASH & INVESTMENT ACTIVITY REPORT AS OF MAY 31, 2026 Firefiqhter's Pension Fund Comparison of Cash and Investment Activity 11.00 02026 02025 10.50 10.00 N �9.50 0 0 9.00 0 8.50 �8.00 7.50 7.00 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec CURRENT 2026 2026 LAST YEAR 2025 ACTIVITY: MONTH YTD BUDGET CURR MO ACTUAL BEGINNING CASH/INV BALANCE 10,578,600.99 10,529,696.95 10,529,696.95 9,652,794.59 9,636,751.56 RECEIPTS: Investment Interest 28,710.75 148,482.82 300,000.00 26,219.19 1,179,264.80 DISBURSEMENTS: Fire Pension 11,921.53 78,889.56 310,000.00 20,547.67 272,769.41 Office/Operating Supplies 0.00 0.00 475.00 0.00 0.00 Actuarial/Firemen's Pens 0.00 3,900.00 4,500.00 0.00 13,550.00 ENDING CASH/INV BALANCE $10,595,390.21 $10,595,390.21 $10,514,722 $9,895,760.24 $10,529,696.95 CURRENT PREVIOUS LAST YEAR LAST YEAR ACTIVITY: MONTH MONTH CURR MO PREV MO CASH/State Investment Pool $10,532,398.99 $10,518,381.82 $9,486,729.20 $9,247,030.69 INVESTMENTS: Treasury Strips&Zero Coupon Bonds 0.00 0.00 356,701.36 356,701.36 Interest Receivable 62,991.22 60,219.17 52,329.68 49,062.54 TOTAL CASH AND INVESTMENTS $10,595,390.21 $10,578,600.99 $9,895,760.24 $9,652,794.59 The State Investment Pool interest 3.6700% 3.6992% 43735% 43933% H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension Stmt.xls\May 26 Page 1 7/10/2026 FIREFIGHTERS'PENSION BOARD PENSION/RETRO PAYMENTS FOR JUNE 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 Z 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 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 June, 2025 20,547.67 Total Medical Payments in June, 2025 0.00 Total Expenses: Medical/Pension 20,547.67 4_S U M MARY.xIs 6/3/2026 FIREFIGHTERS'PENSION BOARD PENSION/RETRO PAYMENTS FOR JULY 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) $664.52 - $664.52 4 LAVALLEY(Captain) $934.84 - $934.84 5 MATTHEW(Deputy Chief) - - $0.00 1 MC LAUGHLIN (Widow) $1,518.63 - $1,518.63 4 NEWTON (Lieutenant) $753.73 - $753.73 5 NICHOLS(Battalion Chief) $1,272.22 - $1,272.22 Z PHILLIPS(Widow) $901.20 - $901.20 1 PRINGLE(Widow of Arthur) $950.08 - $950.08 3 RIGGLE(Widow) $133.98 - $133.98 4 RUPPRECHT(Firefighter D Step) $455.06 - $455.06 1 SMITH (Widow) $663.40 - $663.40 1 TODD(Widow) $748.49 - $748.49 4 VACCA(Lieutenant) $801.15 - $801.15 1 WALLS(Widow) $407.69 - $407.69 1 WEISS(Widow) $1,642.65 - $1,642.65 Total Expenses: Pension/Medical $13,137.92 $0.00 $13,137.92 1 Widows-Disability. Includes a 2.40%CPI increase effective July 1st,2026 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 2.40%CPI increase effective July 1st,2026 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 July,2025 22,882.32 Total Medical Payments in July,2025 0.00 Total Expenses: Medical/Pension 22,882.32 4_S U M MARY.xIs 7/7/2026 7/1/26,2:41 PM Bureau of Labor Statistics Data � U.S. BUREAU OF LABOR STATISTICS � � � Databases, Tables & Calculators by Sub�ect _:Special Notices 1/14/2026 � Change Output Options: From: 2016 To: 2026 More For�Y�atti��g aptions y include graphs include annual averages Data extracted on:July 1,2026(5:41:11 PM) Consumer Price Index for All Urban Consumers(CPI-U) 12-Month Percent Change Series Id: CUURS49DSA0 Not Seasonally Adjusted Series Title: All items in Seattle-Tacoma-Bellevue,WA,all urban consumers,not seasonally adjusted Area: Seattle-Tacoma-Bellevue WA Item: All items Base Period: 1982-84=100 �' 8 :� � « � r;� � 6 ,�� i� s ~ 4 c p �'J r 2 2016 2017 �018 2019 20 0 �0�1 20 2 20 3 20�4 �i] 5 Year Down load: � .� z��x Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual HALFi HALF2 2016 2.2 2.5 1.8 2.1 2.4 2.6 2.2 2.2 2.2 2017 3.4 3.1 3.0 2.5 3.0 3.5 3.1 3.0 3.1 2018 3.3 3.3 3.3 3.1 3.1 2.8 3.2 3.4 3.0 2019 2.7 2.4 2.3 3.2 2.2 2.2 2.5 2.5 2.6 2020 2.5 1.3 0.9 1.6 2.1 1.4 1.7 1.8 1.6 2021 1.7 3.4 5.5 5.2 6.5 7.6 4.6 3.0 6.1 2022 8.1 9.1 10.1 9.0 8.9 8.4 9.0 8.9 9.1 2023 8.0 6.9 4.6 5.4 4.8 4.4 5.8 6.8 4.8 2024 4.3 4.4 3.8 3.1 3.0 2.7 3.7 4.2 3.2 2025 2.5 1.7 2.7 2.8 (X) 3.1 2.4 2.3 2.7 2026 3.9 4.9 X: Data unavailable due to the 2025 lapse in appropriations � U.S. BUREAU OF LABOR STATISTICS Office of Publications and Special Studies Suitland Federal Center Floor 7 4600 Silver Hill Road Washington, DC 20212-0002 Telephone: 202-691-5200_ Telecommunications Relay Service: 7-1-1_ www.bls.gov Contact Us https://data.bls.gov/pdq/Survey0utputServlet 1/1