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Participant Trustee Initial Slate of Candidates
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
Executive Trustee Election Final 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
August 2, 2024 Board Meeting
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
Executive Trustee Election Initial Slate of Candidates
The FPIF Election Panel met on August 1, 2024, to approve the initial 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 Initial Slate of Candidates 2024 Executive Trustee Election Karl Langhammer (Treasurer, Carol Stream Fire Protection District) David Pileski ... Executive Trustee Election Initial Slate of Candidates
Executive Trustee Election Update
The candidate application for the Executive Trustee Election is now available on FPIF’s website [link]. Election Details: Voters will elect two Executive Trustees to serve a four-year term that begins January 2, 2025. Election Date: December 2, 2024. Eligibility: Candidates must be a mayor, president, chief executive officer, chief financial officer, or other officer, executive, or department head of a municipality ... Executive Trustee Election Update
FPIF Rule Making Update
The FPIF Audit & Compliance Committee met today and approved the amendment to the Cash Management Rule and the amendment to the Cost Allocation for a 2nd Public Notice. The amendments have been posted for 2nd Public Notice on the Pending Rules page of the FPIF website (link). The amendments may be considered for adoption by the Board of Trustees at ... FPIF Rule Making Update
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
Quarterly Investment Update
For the quarter ending March 31, 2024, the FPIF investment portfolio returned 4.9%, net of fees, outperforming the policy benchmark of 4.5%. Marquette Associates, who serves as FPIF’s general investment consultant, has recorded an investment update for the quarter. The update and the March 31, 2024 Quarterly Investment Report can
MAY 10, 2024 BOARD OF TRUSTEES MEETING HIGHLIGHTS
The FPIF Board of Trustees met on May 10, 2024 and made investment decisions related to the private markets portfolio. Private Markets Portfolio The board selected Townsend Group to serve as Real Assets Outsourced CIO, and Rock Creek Group to serve as Private Credit Outsourced CIO. FPIF has a 14% target allocation to Real Assets and a 7% target allocation to Private Credit. ... MAY 10, 2024 BOARD OF TRUSTEES MEETING HIGHLIGHTS
Participating Pension Fund Cash Management
FPIF has regularly received inquiries from member funds regarding cash management and the appropriate amounts of cash to keep in their local account. On February 8, 2024, the Illinois Department of Insurance (DOI) issued a Siren regarding Money Market Mutual Funds, but also addressing limits to the amount of cash and similar assets that should ... Participating Pension Fund Cash Management