Investing the Assets of Firefighter Pension Funds

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Trustee Election

2024 Participant and Executive Trustee Election

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FPIF Rule Making Update

Two amendments to FPIF Rules have been posted for 1st Public Notice on the Pending Rules page of the FPIF website (link). The amendments may be considered for a 2nd Public Notice by the Audit & Compliance Committee at its meeting on July 18, 2024. Amendments approved for a 2nd Public Notice may be considered for adoption by the ... FPIF Rule Making Update

Participant Trustee Election Update

The candidate application for the Participant Trustee Election is now available on FPIF’s website [link]. Election Details: Voters will elect two Participant Trustees to serve a four-year term that begins January 2, 2025. Election Date: December 2, 2024. Eligibility: You must be an active-duty firefighter in continuing service with a Participating Pension Fund from the date of application to the election date. ... Participant Trustee Election Update

Trustee Election Update

Voters will elect two Participant Trustees and two Executive Trustees to a four-year term on December 2, 2024. The four-year term of office will run from January 2, 2025 through January 1, 2029. Ballots will be mailed to eligible voters on or before October 25, 2024. Election schedules are available on the Trustee Election page of website under ... Trustee Election Update

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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