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AGENDA
Firefighters' Pension Board Meeting
2:00 PM - Thursday, January 20, 2022
Mayor's Conference Room, 7th Floor, City Hall – 1055 S. Grady Way
Join Zoom Meeting
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Passcode: 898646
1. CALL TO ORDER
2. APPROVAL OF MINUTES
a) November 18, 2021
3. CORRESPONDENCE
4. MONTHLY STATEMENTS
a) October 2021
b) November 2021
c) December 2021 - DRAFT
5. MONTHLY BILLS AND PENSION PAYMENTS
a) December 2021
b) January 2022
6. UNFINISHED BUSINESS
7. NEW BUSINESS
a) Bruce Phillips re-elected for 1/1/2022 - 12/31/2023 Term
8. ADJOURNMENT
MINUTES
FIREFIGHTERS’ PENSION BOARD
CITY OF RENTON
November 18, 2021
________________________________________________________________________
Armondo Pavone, Mayor
Jason Seth, City Clerk
Ray Barilleaux, Fire Department Representative
Kari Roller, Finance Administrator
Sean Hollingsworth, Finance Representative
________________________________________________________________________
The regular meeting of the Firefighters’ Pension Board was called to order by City Clerk Jason
Seth, at 2:06 p.m. via videoconference. In attendance were Armondo Pavone, Mayor; City Clerk
Jason Seth; and Fire Department Representative Ray Barilleaux. Additionally, Kari Roller, Finance
Administrator and Sean Hollingsworth, Finance Department Representative, were in
attendance.
MINUTES APPROVAL
MOVED BY BARILLEAUX, SECONDED BY PAVONE, THE PENSION BOARD APPROVE THE MINUTES
OF THE SEPTEMBER 23, 2021 MEETING. CARRIED.
MONTHLY STATEMENT
The September 2021 financial report was reviewed. Total cash/investment balance was, as of
September 30, 2021, $8,086,548.36.
MONTHLY BILLS AND PENSION PAYMENTS
MOVED BY BARILLEAUX, SECONDED BY PAVONE, THE BOARD APPROVE THE PENSION/MEDICAL
PAYMENTS OF $18,943.66 FOR OCTOBER 2021, AND $18,943.66 FOR NOVEMBER 2021, TO BE
PAID BY THE FIREFIGHTERS’ PENSION FUND. CARRIED.
NEW BUSINESS
City Clerk Seth noted that Bruce Phillips has resigned and will not be eligible for re-election to
the board for the 2022-2023 term. He also noted that the Renton Regional Fire Authority is
soliciting nominees to fill the vacancy, and will hold an election prior to the end of the year.
ADJOURNMENT
City Clerk Seth adjourned the meeting at 2:12 p.m.
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 OCTOBER 31, 2021
Firefighter's Pension Fund Comparison of Cash and Investment Activity
CURRENT 2021 2021 LAST YEAR 2020 2020
ACTIVITY: MONTH YTD BUDGET CURR MO ACTUAL BUDGET
BEGINNING CASH/INV BALANCE 8,086,548.36 7,908,311.54 7,908,312.00 7,613,067.35 7,565,901.69 7,565,902.00
RECEIPTS:
Fire Insurance Premium Tax 0.00 171,853.42 160,000.00 0.00 165,916.78 143,000.00
Investment Interest 1,791.47 190,723.59 225,000.00 3,234.31 389,666.62 325,000.00
DISBURSEMENTS:
Fire Pension 18,943.66 189,367.38 200,000.00 17,525.31 209,773.55 200,000.00
Fire Pension Medical 0.00 0.00 0.00 0.00 0.00 0.00
Office/Operating Supplies 0.00 0.00 475.00 0.00 0.00 475.00
Actuarial/Firemen's Pens 0.00 12,125.00 10,000.00 0.00 3,400.00 0.00
ENDING CASH/INV BALANCE $8,069,396.17 $8,069,396.17 $8,082,837 $7,598,776.35 $7,908,311.54 $7,833,427.00
CURRENT PREVIOUS LAST YEAR LAST YEAR
ACTIVITY: MONTH MONTH CURR MO PREV MO
CASH/State Investment Pool $7,363,435.18 $7,382,443.78 $6,662,149.36 $6,673,250.86
INVESTMENTS:
Federal National Mortgage Assn 0.00 0.00 99,555.84 99,555.84
Treasury Strips & Zero Coupon Bonds 698,844.16 698,844.16 806,745.46 806,745.46
Interest Receivable 7,116.83 5,260.42 30,325.69 33,515.19
TOTAL CASH AND INVESTMENTS $8,069,396.17 $8,086,548.36 $7,598,776.35 $7,613,067.35
The State Investment Pool interest 0.0938% 0.0870% 0.1864% 0.2059%
5.00
5.50
6.00
6.50
7.00
7.50
8.00
8.50
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecMillions of Dollars2021 2020
H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension Stmt.xls\Oct 21 Page 1 1/13/2022
AGENDA ITEM #4. a)
CITY OF RENTON - FIREFIGHTER'S PENSION FUND
CASH & INVESTMENT ACTIVITY REPORT
AS OF NOVEMBER 30, 2021
Firefighter's Pension Fund Comparison of Cash and Investment Activity
CURRENT 2021 2021 LAST YEAR 2020 2020
ACTIVITY: MONTH YTD BUDGET CURR MO ACTUAL BUDGET
BEGINNING CASH/INV BALANCE 8,069,396.17 7,908,311.54 7,908,312.00 7,598,776.35 7,565,901.69 7,565,902.00
RECEIPTS:
Fire Insurance Premium Tax 0.00 171,853.42 160,000.00 0.00 165,916.78 143,000.00
Investment Interest 328,241.81 518,965.40 225,000.00 332,744.33 389,666.62 325,000.00
DISBURSEMENTS:
Fire Pension 18,943.66 208,311.04 200,000.00 17,525.31 209,773.55 200,000.00
Fire Pension Medical 0.00 0.00 0.00 0.00 0.00 0.00
Office/Operating Supplies 0.00 0.00 475.00 0.00 0.00 475.00
Actuarial/Firemen's Pens 0.00 12,125.00 10,000.00 0.00 3,400.00 0.00
ENDING CASH/INV BALANCE $8,378,694.32 $8,378,694.32 $8,082,837 $7,913,995.37 $7,908,311.54 $7,833,427.00
CURRENT PREVIOUS LAST YEAR LAST YEAR
ACTIVITY: MONTH MONTH CURR MO PREV MO
CASH/State Investment Pool $7,771,110.64 $7,363,435.18 $7,083,972.36 $6,662,149.36
INVESTMENTS:
Federal National Mortgage Assn 0.00 0.00 99,555.84 99,555.84
Treasury Strips & Zero Coupon Bonds 600,333.41 698,844.16 698,844.16 806,745.46
Interest Receivable 7,250.27 7,116.83 31,623.01 30,325.69
TOTAL CASH AND INVESTMENTS $8,378,694.32 $8,069,396.17 $7,913,995.37 $7,598,776.35
The State Investment Pool interest 0.0861% 0.0938% 0.1611% 0.1864%
5.00
5.50
6.00
6.50
7.00
7.50
8.00
8.50
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecMillions of Dollars2021 2020
H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension Stmt.xls\Nov 21 Page 1 1/13/2022
AGENDA ITEM #4. b)
CITY OF RENTON - FIREFIGHTER'S PENSION FUND
CASH & INVESTMENT ACTIVITY REPORT
AS OF DECEMBER 31, 2021
Firefighter's Pension Fund Comparison of Cash and Investment Activity
CURRENT 2021 2021 LAST YEAR 2020 2020
ACTIVITY: MONTH YTD BUDGET CURR MO ACTUAL BUDGET
BEGINNING CASH/INV BALANCE 8,378,694.32 7,908,311.54 7,908,312.00 7,913,995.37 7,565,901.69 7,565,902.00
RECEIPTS:
Fire Insurance Premium Tax 0.00 171,853.42 160,000.00 0.00 165,916.78 143,000.00
Investment Interest 1,720.50 518,965.40 225,000.00 12,531.60 389,666.62 325,000.00
DISBURSEMENTS:
Fire Pension 18,943.66 227,254.70 200,000.00 18,215.43 209,773.55 200,000.00
Fire Pension Medical 0.00 0.00 0.00 0.00 0.00 0.00
Office/Operating Supplies 0.00 0.00 475.00 0.00 0.00 475.00
Actuarial/Firemen's Pens 0.00 12,125.00 10,000.00 0.00 3,400.00 0.00
ENDING CASH/INV BALANCE $8,361,471.16 $8,359,750.66 $8,082,837 $7,908,311.54 $7,908,311.54 $7,833,427.00
CURRENT PREVIOUS LAST YEAR LAST YEAR
ACTIVITY: MONTH MONTH CURR MO PREV MO
CASH/State Investment Pool $7,753,887.48 $7,771,110.64 $7,085,776.48 $7,083,972.36
INVESTMENTS:
Federal National Mortgage Assn 0.00 0.00 99,555.84 99,555.84
Treasury Strips & Zero Coupon Bonds 600,333.41 600,333.41 698,844.16 698,844.16
Interest Receivable 7,250.27 7,250.27 24,135.06 31,623.01
TOTAL CASH AND INVESTMENTS $8,361,471.16 $8,378,694.32 $7,908,311.54 $7,913,995.37
The State Investment Pool interest 0.0861% 0.0861% 0.1560% 0.1611%
5.00
5.50
6.00
6.50
7.00
7.50
8.00
8.50
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecMillions of Dollars2021 2020
H:\FINANCE\FINPLAN\FIREPEN\1_Fire_Pension Stmt.xls\Dec 21 Page 1 1/13/2022
AGENDA ITEM #4. c)
FIREFIGHTERS' PENSION BOARD
PENSION/MEDICAL PAYMENTS FOR DECEMBER 2021
Recipient Pension Amt Benefit Total
4 ANKENY, Charlie (Captain) $290.47 ‐ $290.47
5 BARILLEAUX, Ray (Battalion Chief) ‐ ‐ $0.00
1 BERGMAN, Claudette (Widow) $253.65 ‐ $253.65
4 CHRISTENSON, Chuck (Firefighter) $430.91 ‐ $430.91
5 GEISSLER, Dick (Fire Chief) $137.70 ‐ $137.70
1 GOODWIN, Kathryn Lorayne (Widow) $1,352.53 ‐ $1,352.53
1 JONES, Evelyn M. (Widow) $509.59 ‐ $509.59
4 LAVALLEY, Theodele (Captain) $575.93 ‐ $575.93
5 MATTHEW, James (Deputy Chief) ‐ ‐ $0.00
1 MC LAUGHLIN, Barbara M. (Widow) $1,171.59 ‐ $1,171.59
4 NEWTON, Gary (Lieutenant) $452.44 ‐ $452.44
5 NICHOLS, Gerald (Battalion Chief) $818.07 ‐ $818.07
2 PARKS‐ANDREASON, Arlene (Widow) $536.95 ‐ $536.95
5 PHILLIPS, Bruce H. (Deputy Chief) $492.23 ‐ $492.23
4 PRINGLE, Barb $730.28 ‐ $730.28
1 PRINGLE, S. Joan (Widow) $3,326.24 ‐ $3,326.24
3 RIGGLE, Arduth S. (Widow) $95.27 ‐ $95.27
4 RUPPRECHT, Jim (Firefighter D Step) $238.68 ‐ $238.68
1 SMITH, Shirley (Widow) $509.73 ‐ $509.73
1 STROM, Doris (Widow) $4,217.01 ‐ $4,217.01
1 TODD, Tess R. (Widow) $576.35 ‐ $576.35
2 TONDA, Lila Jean (Widow) $155.01 ‐ $155.01
4 VACCA, Nick (Lieutenant) $495.95 ‐ $495.95
1 WALLS, Camille (Widow) $308.77 ‐ $308.77
1 WEISS, Cheryl (Widow) $1,268.31 ‐ $1,268.31
Total Expenses: Pension/Medical $18,943.66 $0.00 $18,943.66
1 Widows ‐ Disability. Includes a 2% CPI increase effective July 1st, 2021 per RCW 41.16.145
2 Widows ‐ Service. Includes a 3.5% COLA Adj. Effective Janaury 1st, 2021.
3 Widows ‐ Service prior to 1969. Includes a 2% CPI increase effective July 1st, 2021 per RCW41.16.145
4 Retirees ‐ Disability after 1961. Includes a 3.5% COLA Adj. Effective Janaury 1st, 2021.
5 Retirees ‐ Service after 1969. Includes a 3.5% COLA Adj. Effective Janaury 1st, 2021.
Total Pension Payments for December, 2020 18,215.43
Total Medical Payments in December, 2020 0.00
Total Expenses: Medical/Pension 18,215.43
Prior Year Pension/Medical Payments:
4_SUMMARY 12/10/2021
AGENDA ITEM #5. a)
FIREFIGHTERS' PENSION BOARD
PENSION/MEDICAL PAYMENTS FOR JANUARY 2022
Recipient Pension Amt Benefit Total
4 ANKENY, Charlie (Captain) $454.97 ‐ $454.97
5 BARILLEAUX, Ray (Battalion Chief) ‐ ‐ $0.00
1 BERGMAN, Claudette (Widow) $253.65 ‐ $253.65
4 CHRISTENSON, Chuck (Firefighter) $572.93 ‐ $572.93
5 GEISSLER, Dick (Fire Chief) $365.70 ‐ $365.70
1 GOODWIN, Kathryn Lorayne (Widow) $1,352.53 ‐ $1,352.53
1 JONES, Evelyn M. (Widow) $509.59 ‐ $509.59
4 LAVALLEY, Theodele (Captain) $740.43 ‐ $740.43
5 MATTHEW, James (Deputy Chief) ‐ ‐ $0.00
1 MC LAUGHLIN, Barbara M. (Widow) $1,171.59 ‐ $1,171.59
4 NEWTON, Gary (Lieutenant) $599.44 ‐ $599.44
5 NICHOLS, Gerald (Battalion Chief) $1,008.07 ‐ $1,008.07
2 PARKS‐ANDREASON, Arlene (Widow) $691.91 ‐ $691.91
5 PHILLIPS, Bruce H. (Deputy Chief) $720.23 ‐ $720.23
1 PRINGLE, Barb $730.28 ‐ $730.28
1 PRINGLE, S. Joan (Widow) $3,326.24 ‐ $3,326.24
3 RIGGLE, Arduth S. (Widow) $95.27 ‐ $95.27
4 RUPPRECHT, Jim (Firefighter D Step) $362.68 ‐ $362.68
1 SMITH, Shirley (Widow) $509.73 ‐ $509.73
1 STROM, Doris (Widow) $4,217.01 ‐ $4,217.01
1 TODD, Tess R. (Widow) $576.35 ‐ $576.35
2 TONDA, Lila Jean (Widow) $354.81 ‐ $354.81
4 VACCA, Nick (Lieutenant) $635.95 ‐ $635.95
1 WALLS, Camille (Widow) $308.77 ‐ $308.77
1 WEISS, Cheryl (Widow) $1,268.31 ‐ $1,268.31
Total Expenses: Pension/Medical $20,826.44 $0.00 $20,826.44
1 Widows ‐ Disability. Includes a 2% CPI increase effective July 1st, 2021 per RCW 41.16.145
2 Widows ‐ Service. Includes a 3.0% COLA Adj. Effective Janaury 1st, 2022.
3 Widows ‐ Service prior to 1969. Includes a 2% CPI increase effective July 1st, 2021 per RCW41.16.145
4 Retirees ‐ Disability after 1961. Includes a 3.0% COLA Adj. Effective Janaury 1st, 2022.
5 Retirees ‐ Service after 1969. Includes a 3.0% COLA Adj. Effective Janaury 1st, 2022.
Total Pension Payments for January, 2021 19,841.07
Total Medical Payments in January, 2021 0.00
Total Expenses: Medical/Pension 19,841.07
Prior Year Pension/Medical Payments:
4_SUMMARY.xls 1/12/2022
AGENDA ITEM #5. b)