The FPIF Election Panel met on August 17, 2026, to approve the initial Slate of Candidates for the 2026 Trustee Election. 2026 Trustee Election Initial Slate of Candidates August 17, 2026 Beneficiary Trustee (4-year Term) Gregory Knoll (Retired Firefighter, Homewood) Executive Trustee (4-year Term) Douglas Krieger (City Manager, Naperville) Executive Trustee (2-year Term) Mary Burress ... 2026 Trustee Election Update
For the fiscal year ended June 30, 2026, FPIF delivered a preliminary pre-audit return of 17.1%, surpassing the Fund’s policy benchmark return of 16.0% and substantially exceeding the long-term actuarial assumption of 7.125%. The Fund’s success extends beyond a single year. Over the most recent three-year period, FPIF achieved an annualized return of 14.4%, ... Preliminary FY 26 Investment Performance
The Firefighters’ Pension Investment Fund will conduct its 2026 Trustee Election to fill five trustee positions. Eligible voters will elect two Executive Trustees, two Participant Trustees, and one Beneficiary Trustee. Key Dates June 10 Candidates may submit applications for trustee positions beginning June 10. Candidates may begin circulating nominating petitions on June 11. August 10 ... 2026 Trustee Election
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.