The Audit & Compliance Committee, Elections Committee, and Investments & Operations Committee met on April and reviewed proposed amendments to FPIF rules, which have now been posted for First Public Notice. FPIF invites and encourages public comment on all pending rules. Each proposed rule is considered by the committee responsible for its subject matter. A ... FPIF Rule Making Update
The FPIF Board of Trustees held its organizational meeting on January 31, 2025. During the meeting, the Board elected Kevin Bramwell as Chairperson. Chairman Bramwell, an active-duty firefighter with the Bolingbrook Fire Department, has served on the Board since its inception and previously chaired the Investment & Operations Committee. The Board also administered the oath ... January 31, 2025 Board of Trustees Meeting
The FPIF Board of Trustees has announced the upcoming vacancy for a Participant Trustee position. Effective January 2, 2025, a vacancy will arise due to an insufficient number of qualifying candidates in the 2024 Participant Trustee election. In accordance with FPIF’s governing statute and board rules, the Board of Trustees is responsible for filling this ... Participant Trustee Vacancy Announcement
As fiduciaries, the board of the Firefighters’ Pension Investment Fund (FPIF) is dedicated to prudently investing and managing the assets of Illinois firefighter pension funds. A nine-member Board of Trustees made up of four active firefighters, one retired firefighter and four employer representatives governs the fund. As fiduciaries, the trustees discharge their duties solely in the interest of the fund participants and beneficiaries.
The fund’s goal is to provide above-market returns at below-market costs. FPIF is acutely aware of the need for strong and persistent returns. We also acknowledge the challenging financial and market environments in which we live. Finally, every dollar we pay in costs is one less dollar firefighter pension funds have to pay benefits. The goals of strong returns and lower fees complement one another.
The board members of the FPIF are committed to clarity and transparency. While the Board of Trustees has fiduciary stewardship over the portfolio, the assets are pledged to the financial security of pension fund participants. We believe that our participants, as well as taxpayers, have a right to see the actions taken by FPIF.