The FPIF Election Panel met on September 18, 2024, to approve the initial Slate of Candidates for the 2024 Participant Trustee Election. FPIF Initial Slate of Candidates 2024 Participant Trustee Election Matthew Kink (Springfield Firefighters’ Pension Fund) Members of the public may review candidate nominating petitions, and eligible individuals can challenge the validity of the petition validation ... Participant Trustee Initial Slate of Candidates
The FPIF Election Panel met on August 16, 2024, to approve the final Slate of Candidates for the 2024 Executive Trustee Election. Voters will elect two Executive Trustees to serve four-year terms on December 2, 2024. FPIF Final Slate of Candidates 2024 Executive Trustee Election Karl Langhammer (Treasurer, Carol Stream Fire Protection District) David Pileski (Mayor, Village ... Executive Trustee Election Final Slate of Candidates
The FPIF Board of Trustees convened on August 2, 2024. The meeting included a review of the portfolio’s Fiscal Year 2024 performance, adoption of the Fiscal Year 2025 budget, approval of proposed rulemakings, and investment decisions related to the private markets portfolio. Fiscal Year 2024 Investment Performance FPIF’s general investment consultant, Marquette Associates, presented the ... August 2, 2024 Board Meeting
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.