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FY 25 Investment Update
On June 10, 2025, the value of FPIF’s investment portfolio surpassed $10 billion for the first time. Strong performance in June carried the portfolio to a fiscal year-end market value of $10.3 billion. For the fiscal year ending June 30, 2025, the portfolio earned a 13.3% return, exceeding the policy benchmark of 12.9% and significantly ... FY 25 Investment Update
Executive Trustee Appointment
The FPIF Board of Trustees is pleased to announce the appointment of Karl Langhammer to the vacant Executive Trustee position. His appointment was approved at the Board meeting held on August 22, 2025. Karl brings extensive experience in fire service and pension fund governance. He has served as a Trustee on the Carol Stream Fire ... Executive Trustee Appointment
FY 26 Budget Adopted
At its May 9, 2025 meeting, the Board of Trustees approved the Fiscal Year 2026 budget. The budget includes home office operating expenses of $4,136,446, a 3.8% decrease from the FY 2025 budget of $4,298,389. Projected investment management fees for FY 2026 total $16 million.
Executive Trustee Vacancy
The FPIF Board of Trustees has announced the vacancy of an Executive Trustee position. In accordance with FPIF’s governing statute and board rules, the Board of Trustees is responsible for filling this vacancy by appointment. The position will be filled by an Employer Executive of a municipality or fire protection district that has a participating ... Executive Trustee Vacancy
FPIF Rule Making Update
The Audit & Compliance Committee, Elections Committee, and Investments & Operations Committee met on April and reviewed proposed amendments to FPIF rules, which have now been posted for First Public Notice. FPIF invites and encourages public comment on all pending rules. Each proposed rule is considered by the committee responsible for its subject matter. A ... FPIF Rule Making Update
January 31, 2025 Board of Trustees Meeting
The FPIF Board of Trustees held its organizational meeting on January 31, 2025. During the meeting, the Board elected Kevin Bramwell as Chairperson. Chairman Bramwell, an active-duty firefighter with the Bolingbrook Fire Department, has served on the Board since its inception and previously chaired the Investment & Operations Committee. The Board also administered the oath ... January 31, 2025 Board of Trustees Meeting
Participant Trustee Vacancy Announcement
The FPIF Board of Trustees has announced the upcoming vacancy for a Participant Trustee position. Effective January 2, 2025, a vacancy will arise due to an insufficient number of qualifying candidates in the 2024 Participant Trustee election. In accordance with FPIF’s governing statute and board rules, the Board of Trustees is responsible for filling this ... Participant Trustee Vacancy Announcement
2024 Executive Trustee Election Results
The FPIF Election Panel met December 9, 2024 to certify the 2024 Executive Trustee Election results. The election results are as follows: 145….David Pileski (Mayor, Village of Roselle) (certified winner) 144….Michael Troup (Mayor, City of Quincy) (certified winner) 77……Karl Langhammer (Treasurer, Carol Stream Fire Protection District) The trustees will serve a 4-year term beginning January 2, 2025. ... 2024 Executive Trustee Election Results
December 5, 2024 Investments and Operations Committee Meeting
The Investments and Operations Committee met on December 5, 2024, and approved allocations to two Infrastructure Market Non-Core Funds: the Global Infrastructure Partners Fund V and the Stonepeak Partners Fund V. Each fund will receive an allocation of $40 million. FPIF has a target allocation of 4% to infrastructure.
October 11, 2024 Board of Trustees Meeting
The FPIF Board of Trustees convened on October 11, 2024. The meeting included the selection of an Emerging Market Small Cap Equity Manager. The Board approved the selection of State Street Global Advisors. State Street Global Advisors will manage FPIF’s 2% target allocation to emerging market small cap ex-China equity.
Trustee Matthew Kink Re-elected
Participant Trustee Election Update The FPIF Board of Trustees and its staff congratulate Trustee Matthew Kink on his reelection as a Participant Trustee. The FPIF Election Panel has deemed him elected after he qualified for the ballot without opposition. His four-year term will begin on January 2, 2025. Matthew Kink serves as the Board Secretary ... Trustee Matthew Kink Re-elected
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