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
The FPIF investment portfolio returned 17.7% for calendar year 2025, exceeding both the 7.125% actuarial rate of return and the 17.0% policy benchmark. For the fiscal year to date, the portfolio achieved a return of 8.3%, modestly outperforming the 8.0% policy benchmark. During the quarter ending December 31, 2025, the portfolio returned 2.9%, compared with ... December 31, 2025 Investment Update
The FPIF Board of Trustees met on December 19, 2025, and received a presentation from Executive Director and Chief Investment Officer William R. Atwood on FPIF’s investment performance relative to pre-consolidation Article 4 pension fund benchmarks. The FPIF Performance Relative to Article 4 Pension Fund Benchmarks Report compares FPIF’s results to what Article 4 pension funds in ... Post Consolidation Performance & Cost Savings
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.