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FPIF News

Trustee Election Update

Ballots for the 2022 FPIF Trustee Election were mailed to eligible voters on October 26, 2022. Voters will elect a Participant Trustee and an Executive Trustee this fall. Voters should follow the instructions attached to their ballot. Returned ballots must be received by the December 1, 2022 Election Date. If you believe you are an ... Trustee Election Update

2022 Trustee Election Final Slate of Candidates

The FPIF Election Panel met on October 6, 2022 to approve the final Slate of Candidates for the Trustee Election. FPIF Final Slate of Candidates 2022 Trustee Election Participant Trustee Steven Burnell (Active-Duty Firefighter, Lincolnshire-Riverwoods FPD) Jason Skilondz (Active-Duty Firefighter, Wheaton) Beneficiary Trustee Gregory Knoll (Retired Firefighter, Homewood) Executive Trustee Douglas Krieger (City Manager, Naperville) John Perry (Treasurer, Lisle Woodridge ... 2022 Trustee Election Final Slate of Candidates

Trustee Gregory Knoll

The FPIF Board of Trustees and its staff congratulates Trustee Gregory Knoll on his re-election to the FPIF Board of Trustees. Trustee Knoll qualified for the ballot without opposition, and the Election Panel deemed him elected to the Beneficiary Trustee Position at its meeting on October 6, 2022. He will begin his four-year term on January 3, 2023. ... Trustee Gregory Knoll

FPIF Is a Fiduciary: Why That Matters

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.

Investment Returns and Costs

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.

Maximum Clarity and Transparency

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.

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