Fire Pension Board

FIRE PENSION BOARD NOVEMBER 10, 2025 AT 4:00 PM VILLAGE HALL - COMMUNITY ROOM A 200 E WOOD STREET PALATINE, IL 60067-5339 (847) 359-9050 www.palatine.il.us AGENDA REGULAR MEETING 4:00 PM I. CALL TO ORDER II. ROLL CALL III. PUBLIC COMMENT IV. APPROVAL OF MINUTES A. Approval of Minutes from 8/11/25 meeting V. FINANCIAL REPORTS A. IFPIF Report B. VOP Quarterly Financial Report VI. ORDERS OF PAYMENTS A. Reimer, Dobrovolny, & LaBardi B. Lauterbach & Amen C. Northwest Community Hospital D. Associated Firefighters of Illinois VII. ADMINISTRATION A. New Member Applications B. Retirement Applications C. 2026 Cost Of Living Adjustments D. Surviving Spouse Benefits E. Continuing Education F. Disability Physical Exam Results VILLAGE OF PALATINE Page 1 of 2 Page 1 of 16 Agenda November 10, 2025 VIII. OLD BUSINESS IX. NEW BUSINESS X. ADJOURNMENT VILLAGE OF PALATINE Page 2 of 2 Page 2 of 16  Palatine Firefighters Pension Fund Statement of Results Illinois Firefighters Pension Investment Fund Currency: USD ($) September 2025 2025 YTD Beginning NAVs: Beginning NAV 125,192,867.95 112,073,956.86 Contributions - - Withdrawals - - Net Time Weighted Activity - Allocation Balance 125,192,867.95 Allocation Percent 1.19% Income & Expenses: Unrealized Gain/Loss 1,952,707.97 9,615,823.83 Realized Gain/Loss 691,015.52 4,874,137.10 Dividend Income 71,006.94 495,925.00 Interest Income 150,273.66 1,150,037.76 Derivative Income 1,656.10 1,794.50 Private Markets (P.E./R.E./P.C./I.N.F) Income Earned 6,794.14 -7,631.18 Income Adjustments for the period Other Income 1.10 1.10 Total Income 2,873,455.43 16,130,088.11 Administrator Expenses (FPIF) - -541.55 Other Fee & Expenses (FPIF) 3,461.79 40,392.00 Other Expenses 248.99 1,781.98 Swap Fees 845.17 4,836.71 Private Markets (P.E./R.E./P.C./I.N.F) Fees 47,589.19 114,972.86 Management Fee 1,065.64 29,490.37 Total Fee & Expenses 53,210.78 190,932.37 Net Income 2,820,244.65 15,939,155.74 Ending NAVs: Ending NAV 128,013,112.60 128,013,112.60 Rate of Returns: Return on Invested Capital 2.25% 14.22% Return on Total Assets 2.25% 14.22% Ownership 1.19% Disclaimer / Important Information: The Plan Total reflects the total of underlying plan balances, and may not be equal to the sum of displayed columns. Although this report has been prepared using information believed to be reliable, it may contain information provided by third parties or derived from third party information, and/or information that may have been obtained from, categorized or otherwise reported based upon client direction. The Northern Trust Company does not guarantee the accuracy, timeliness or completeness of any such information. The information included in this report is intended to assist clients with their financial reporting needs, but you must consult with your accountants, auditors and/or legal counsel to ensure your accounting and financial reporting complies with applicable laws, regulations and accounting guidance. The Northern Trust Company and its affiliates shall have no responsibility for the consequences of investment decisions made in reliance on information contained in this report. NTAC:3NS-20 Page 3 of 16  FIREFIGHTERS' PENSION FUND FINANCIAL REPORT AS OF THE QUARTER ENDED September 30, 2025 Prepared By: VILLAGE OF PALATINE DEPARTMENT OF FINANCE & OPERATIONS Page 4 of 16 VILLAGE OF PALATINE Fire Pension Fund Statement of Net Assets September 30, 2025 January 1 September 30 Assets Cash and Cash Equivalents Cash Fire Pension Board JP Morgan Chase $ 751 $ 756 Illinois Funds 2,726,714 1,091,796 Sub-Total 2,727,465 1,092,552 Investments Consolidated Investment Fund IFPIF 112,073,957 128,013,113 Sub-Total Cash and Investments 114,801,422 129,105,665 Receivables Other - - Total Assets 114,801,422 129,105,665 Liabilities Other Liabilities - 174,193 Net Assets Held in Trust for Pension Benefits $ 114,801,422 $ 128,931,472 1 Page 5 of 16 VILLAGE OF PALATINE Fire Pension Fund Statement of Changes in Net Assets September 30, 2025 Annual Budget YTD Actual Revenues Employer Contributions Required Contributions - Tax Levy $ 6,450,000 $ 3,294,063 Additional Contributions 500,000 500,000 Employee Contributions Salary Deductions 1,098,000 769,677 Portability Payments - - Investment Income Interest Income 750,000 1,729,139 Realized Gain/(Loss) 250,000 4,874,137 Unrealized Gain/(Loss) - 9,615,824 Miscellaneous - - Total Revenues 9,048,000 20,782,840 Expenditures Pensions and Benefits Pension Benefits Service Pension 8,345,000 5,691,634 Duty Disability 560,000 362,293 Non-Duty Disability 85,000 62,654 Surviving Spouse 295,000 339,463 Refund of Contributions 200,000 - Total Pensions and Benefits 9,485,000 6,456,044 Other - Supplies 250 - Services Financial 120,000 190,932 Services Banking 1,500 1,754 Services Legal 5,000 2,946 Services Medical 1,000 275 Services Other 2,500 - Memberships & Publications 1,000 - Training & Travel 2,000 841 Total Expenditures 9,618,250 6,652,792 Change in Fund Balance $ (570,250) $ 14,130,048 2 Page 6 of 16 VILLAGE OF PALATINE Fire Pension Fund Schedule of Funding Progress - Last 20 Years September 30, 2025 $200,000,000 110% 100% $160,000,000 90% 80% $120,000,000 70% 60% 50% $80,000,000 40% 30% $40,000,000 20% 10% $- 0% 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Plan Net Position TPL Plan Net Position as % of TPL (3) Actuarial (1) (2) Plan Fiduciary (4) NPL as a % Valuation Plan Total Net Position Net Pension (5) of Covered Date Fiduciary Pension as a % of TPL Liability (NPL) Covered Payroll December 31, Net Position Liability (TPL) (1) / (2) (2) - (1) Payroll (4) / (5) 2004 36,885,462 40,807,524 90.39% 3,922,062 6,501,891 60.32% 2005 40,150,008 43,894,062 91.47% 3,744,054 6,826,186 54.85% 2006 43,611,423 47,818,154 91.20% 4,206,731 7,161,378 58.74% 2007 47,172,964 50,944,617 92.60% 3,771,653 7,451,465 50.62% 2008 46,673,485 58,973,596 79.14% 12,300,111 7,608,620 161.66% 2009 49,048,412 63,977,038 76.67% 14,928,626 7,280,109 205.06% 2010 52,681,598 73,881,189 71.31% 21,199,591 9,202,501 230.37% 2011 48,069,713 75,335,332 63.81% 27,265,619 7,723,119 353.04% 2012 50,143,446 84,352,931 59.44% 34,209,485 8,000,569 427.59% 2013 57,290,015 89,230,996 64.20% 31,940,981 8,408,325 379.87% 2014 59,051,863 96,614,199 61.12% 37,562,336 8,744,586 429.55% 2015 58,802,718 109,025,391 53.93% 50,222,673 8,905,763 563.93% 2016 63,062,078 115,663,159 54.52% 52,601,081 9,137,439 575.67% 2017 72,812,914 121,500,711 59.93% 48,687,797 9,245,367 526.62% 2018 68,903,775 128,108,112 53.79% 59,204,337 9,508,556 622.64% 2019 81,667,488 136,771,529 59.71% 55,104,041 9,808,838 561.78% 2020 93,775,786 144,009,203 65.12% 50,233,417 10,768,480 466.49% 2021 102,408,613 145,242,608 70.51% 42,833,995 11,215,725 381.91% 2022 89,393,511 157,777,454 56.66% 68,383,943 10,934,974 625.37% 2023 102,156,202 165,795,015 61.62% 63,638,813 11,190,113 568.71% 2024 114,801,422 178,137,696 64.45% 63,336,274 11,635,629 544.33% 3 Page 7 of 16 VILLAGE OF PALATINE Fire Pension Fund Portfolio Value - Last 20 Years September 30, 2025 140,000,000 130,000,000 120,000,000 110,000,000 100,000,000 90,000,000 80,000,000 70,000,000 60,000,000 50,000,000 40,000,000 30,000,000 20,000,000 10,000,000 - Cash & Cash Equivalents Consolidated Investments Year Ended Cash & Cash Equivalents Consolidated Investments Total Portfolio 12/31/2005 1,281,266 34,305,780 35,587,046 12/31/2006 950,500 38,181,391 39,131,891 12/31/2007 1,084,467 41,335,186 42,419,653 12/31/2008 1,208,297 36,221,595 37,429,892 12/31/2009 855,846 38,963,759 39,819,605 12/31/2010 1,064,686 43,635,362 44,700,048 12/31/2011 1,529,217 44,159,328 45,688,545 12/31/2012 1,591,331 48,485,419 50,076,750 12/31/2013 708,099 56,442,904 57,151,003 12/31/2014 156,201 59,346,510 59,502,711 12/31/2015 384,420 58,274,833 58,659,253 12/31/2016 863,663 62,035,968 62,899,631 12/31/2017 1,022,055 71,490,953 72,513,008 12/31/2018 1,132,563 67,583,292 68,715,855 12/31/2019 1,334,830 79,912,846 81,247,676 12/31/2020 1,317,252 92,288,216 93,605,468 12/31/2021 1,263,371 100,976,297 102,239,668 12/31/2022 2,509,025 85,802,957 88,311,982 12/31/2023 2,236,892 99,919,310 102,156,202 12/31/2024 2,727,465 112,073,957 114,801,422 09/30/2025 1,092,552 128,013,113 129,105,665 4 Page 8 of 16 VILLAGE OF PALATINE Fire Pension Fund Annual Fund Income - Last 20 Years September 30, 2025 14,000,000 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 - (2,000,000) (4,000,000) (6,000,000) (8,000,000) (10,000,000) (12,000,000) (14,000,000) (16,000,000) Investment Employee Employer Suggested Income/Loss Contributions Contributions Tax Levy Investment Employee Employer Suggested Year Income/Loss Contributions Contributions Tax Levy 2004 2,158,396 587,373 808,875 844,855 2005 1,679,159 650,290 916,008 912,713 2006 3,438,838 682,102 986,399 1,016,150 2007 3,261,471 729,860 1,062,061 1,163,542 2008 (5,186,890) 741,834 1,440,275 1,324,180 2009 3,865,035 718,437 1,247,358 1,281,786 2010 3,874,824 884,241 2,032,916 2,054,575 2011 573,182 769,785 2,582,770 2,378,480 2012 4,307,180 779,603 2,876,372 2,899,860 2013 7,261,690 793,686 2,939,936 2,978,500 2014 2,642,083 836,025 3,098,007 3,091,300 2015 (899,003) 857,036 3,620,989 3,238,070 2016 4,395,621 877,040 3,660,137 3,255,000 2017 9,246,677 886,245 4,629,680 3,912,000 2018 (4,176,668) 979,942 4,675,335 4,597,000 2019 12,378,951 940,243 5,205,407 4,729,000 2020 11,625,666 962,993 5,608,868 5,511,000 2021 8,673,649 999,524 5,563,796 5,485,000 2022 (15,193,463) 1,045,100 8,343,615 5,551,876 2023 13,518,335 1,017,712 5,987,516 5,470,821 2024 11,268,681 1,060,325 8,505,992 6,108,404 5 Page 9 of 16 VILLAGE OF PALATINE Fire Pension Fund Schedule of Cash Flows - Monthly September 30, 2025 3,500,000 2,500,000 1,500,000 500,000 (500,000) (1,500,000) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Cash Inflows Cash Outflows Cash Balance… Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Cash Inflows Ee Contributions 80,374 85,264 79,377 79,559 120,031 80,588 84,587 80,557 79,463 84,462 126,692 84,462 Er Req Contributions 302 974,920 2,090,126 147,828 14,436 34,385 - 24,178 182,080 - - - Er Addt'l Contributions - - - - - - - - 500,000 - - - Interest 10,393 7,330 14,898 14,274 12,823 10,434 8,581 6,068 4,212 7,500 7,500 7,500 Other Inflows - - - - - - - - - - - - Transfer From IFPIF - - - - - - - - - - - - Total Inflows 91,070 1,067,514 2,184,401 241,661 147,290 125,407 93,168 110,803 765,756 91,962 134,192 91,962 Cash Outflows Benefits & Refunds 707,551 710,152 716,251 717,154 717,154 717,154 717,154 721,296 732,451 790,417 790,417 790,413 Administration 240 2,140 162 129 1,172 214 227 249 1,008 1,104 1,104 1,106 Transfer to IFPIF - - - - - - - - - - - - Total Outflows 707,791 712,292 716,413 717,284 718,326 717,369 717,381 721,545 733,459 791,521 791,521 791,519 Monthly Cash Flow (616,721) 355,222 1,467,988 (475,623) (571,036) (591,962) (624,213) (610,742) 32,297 (699,559) (657,329) (699,557) Cash Balance ($2.1M = 3 Mos.) 2,110,744 2,465,966 3,933,953 3,458,331 2,887,295 2,295,333 1,671,120 1,060,378 1,092,675 393,116 (264,213) (963,770) 6 Page 10 of 16 VILLAGE OF PALATINE Fire Pension Fund Schedule of Cash Flows - Annual September 30, 2025 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 - (2,000,000) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 YE Cash Balance Regular Inflows Regular Outflows Cash Inflows Cash Outflows Regular Additional Investment Regular Investment of YE Cash Inflows Contributions Sales Total Outflows Funds Total Net Balance 2008 2,181,355 - - 2,181,355 2,073,966 - 2,073,966 107,389 1,198,844 2009 1,995,387 - - 1,995,387 2,361,087 - 2,361,087 (365,700) 833,144 2010 2,682,787 - 325,000 3,007,787 2,776,245 - 2,776,245 231,542 1,064,686 2011 3,335,816 262,500 - 3,598,316 3,133,785 - 3,133,785 464,531 1,529,217 2012 3,706,209 - - 3,706,209 3,644,095 - 3,644,095 62,114 1,591,331 2013 3,749,121 - - 3,749,121 3,882,353 750,000 4,632,353 (883,232) 708,099 2014 3,938,824 - - 3,938,824 4,240,722 250,000 4,490,722 (551,898) 156,201 2015 4,065,222 414,763 150,000 4,629,985 4,401,766 - 4,401,766 228,219 384,420 2016 4,161,423 414,324 600,000 5,175,747 4,696,504 - 4,696,504 479,243 863,663 2017 4,755,946 764,210 - 5,520,156 5,011,764 350,000 5,361,764 158,392 1,022,055 2018 5,562,732 135,528 - 5,698,260 5,387,752 200,000 5,587,752 110,508 1,132,563 2019 5,585,522 377,911 - 5,963,433 5,761,167 - 5,761,167 202,266 1,334,829 2020 5,870,552 951,100 - 6,821,652 6,089,229 750,000 6,839,229 (17,577) 1,317,252 2021 6,369,663 198,550 - 6,568,213 6,622,094 - 6,622,094 (53,881) 1,263,371 2022 5,579,914 2,704,433 - 8,284,347 7,038,693 - 7,038,693 1,245,654 2,509,025 2023 7,677,881 582,759 500,000 8,760,640 7,732,773 1,300,000 9,032,773 (272,133) 2,236,892 2024 7,252,523 2,494,937 - 9,747,460 8,056,886 1,200,000 9,256,886 490,574 2,727,466 2025 4,645,185 500,000 - 5,145,185 8,836,420 - 8,836,420 (3,691,235) (963,769) 7 Page 11 of 16 VILLAGE OF PALATINE Fire Pension Fund Schedule of Estimated Monthly Cash Flows - 2025 September 30, 2025 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 - Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Cash Inflows Cash Outflows Cash Balance… Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Cash Inflows Ee Contributions 84,462 84,462 84,462 84,462 126,692 84,462 84,462 84,462 84,462 84,462 126,692 84,462 Er Contributions - 967,500 2,580,000 - - - 1,290,000 1,612,500 - - - - Interest 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 Additional Contribs 31,250 31,250 31,250 31,250 31,250 31,250 31,250 31,250 31,250 31,250 31,250 31,250 IFPIF - Sales - - - - - - - - - - - - Total Inflows 117,212 1,084,712 2,697,212 117,212 159,442 117,212 1,407,212 1,729,712 117,212 117,212 159,442 117,212 Cash Outflows Benefits & Refunds 790,417 790,417 790,417 790,417 790,417 790,417 790,417 790,417 790,417 790,417 790,417 790,413 Administration 1,104 1,104 1,104 1,104 1,104 1,104 1,104 1,104 1,104 1,104 1,104 1,106 IFPIF - Purchases - - - - - - - - - - - - Total Outflows 791,521 791,521 791,521 791,521 791,521 791,521 791,521 791,521 791,521 791,521 791,521 791,519 Monthly Cash Flow (674,309) 293,191 1,905,691 (674,309) (632,079) (674,309) 615,691 938,191 (674,309) (674,309) (632,079) (674,307) Cash Balance ($2.1M = 3 Mos.) 1,562,583 1,855,774 3,761,465 3,087,156 2,455,077 1,780,768 2,396,459 3,334,650 2,660,341 1,986,032 1,353,953 679,646 8 Page 12 of 16 Village of Palatine Firefighters' Pension Fund Scheduled CY 2026 Benefit Increases Benficiaries as of November 1, 2025 Increase Effective CY 2025 CY 2026 Tier Percent Date Monthly Increase Monthly Annual Service Pensions Annual 3% Increase Andersen, Scott 1 3.00% 01/01/2026 12,221.86 366.66 12,588.52 151,062.24 Anderson, Wade (Reciprocity) 1 3.00% 01/01/2026 6,236.04 187.08 6,423.12 77,077.44 Atherton, Jeffrey J Jr. 1 3.00% 01/01/2026 7,931.82 237.95 8,169.77 98,037.24 Bober, Jeffrey 1 3.00% 01/01/2026 10,019.79 300.59 10,320.38 123,844.56 Cipri, Roy P 1 3.00% 01/01/2026 10,313.35 309.40 10,622.75 127,473.00 Conn, James 1 3.00% 01/01/2026 9,785.10 293.55 10,078.65 120,943.80 Crowcroft, John E (Reciprocity) 1 3.00% 01/01/2026 9,369.60 281.09 9,650.69 115,808.28 Dawson, Richard A 1 3.00% 01/01/2026 7,190.04 215.70 7,405.74 88,868.88 Depue, William H 1 3.00% 01/01/2026 6,581.48 197.44 6,778.92 81,347.04 Dieckman, Craig F 1 3.00% 01/01/2026 2,165.06 64.95 2,230.01 26,760.12 Dowell, Randy 1 3.00% 01/01/2026 9,091.70 272.75 9,364.45 112,373.40 Eriksen, James M 1 3.00% 01/01/2026 9,082.59 272.48 9,355.07 112,260.84 Falardeau, Robert A 1 3.00% 01/01/2026 12,764.05 382.92 13,146.97 157,763.64 Forsberg, John C 1 3.00% 01/01/2026 9,684.94 290.55 9,975.49 119,705.88 Forsberg, Jeffrey 1 3.00% 01/01/2026 6,591.84 197.76 6,789.60 81,475.20 Forton, Steven W 1 3.00% 01/01/2026 9,982.26 299.47 10,281.73 123,380.76 Frangiamore, Keith S 1 3.00% 01/01/2026 7,902.29 237.07 8,139.36 97,672.32 Freese, Michael P 1 3.00% 01/01/2026 9,164.01 274.92 9,438.93 113,267.16 Freise, Randal N 1 3.00% 01/01/2026 10,427.31 312.82 10,740.13 128,881.56 Gabrenya, William Member - William 1 3.00% 01/01/2026 6,826.03 209.28 7,035.31 84,423.72 QUILDRO - Consiglio, Annmarie 3.00% 01/01/2026 150.00 - 150.00 1,800.00 6,976.03 209.28 7,185.31 86,223.72 Glavey, Richard 1 3.00% 01/01/2026 7,436.28 223.09 7,659.37 91,912.44 Glumm, Steven E 1 3.00% 01/01/2026 10,386.67 311.60 10,698.27 128,379.24 Golonka, Doug (Reciprocity) 1 3.00% 01/01/2026 5,807.04 174.21 5,981.25 71,775.00 Gould, Max R Jr. 1 3.00% 01/01/2026 8,132.23 243.97 8,376.20 100,514.40 Gudgeon, Daniel 1 3.00% 01/01/2026 8,034.90 241.05 8,275.95 99,311.40 Hellyer, Timothy M 1 3.00% 01/01/2026 4,594.07 137.82 4,731.89 56,782.68 Hoegler, Frederick C 1 3.00% 01/01/2026 11,213.34 336.40 11,549.74 138,596.88 Hornstein, Bram 1 3.00% 01/01/2026 5,815.86 174.48 5,990.34 71,884.08 Service Pensions (Cont.) Annual 3% Increase (Cont.) Hoyt, Doug 1 3.00% 01/01/2026 9,806.30 294.19 10,100.49 121,205.88 Huemann, David 1 3.00% 01/01/2026 6,351.12 190.53 6,541.65 78,499.80 Johnson, Frederick 1 3.00% 01/01/2026 8,294.77 248.84 8,543.61 102,523.32 Johnson, Martin 1 3.00% 01/01/2026 9,768.47 293.05 10,061.52 120,738.24 Page 13 of 16 Page 1 of 4 Village of Palatine Firefighters' Pension Fund Scheduled CY 2026 Benefit Increases Benficiaries as of November 1, 2025 Increase Effective CY 2025 CY 2026 Tier Percent Date Monthly Increase Monthly Annual Kleeburg, Frederick V 1 3.00% 01/01/2026 8,193.60 245.81 8,439.41 101,272.92 Kunzie, Scott (Reciprocity) 1 3.00% 01/01/2026 174.90 5.25 180.15 2,161.80 Laing, Steven 1 3.00% 01/01/2026 6,928.50 207.86 7,136.36 85,636.32 Lindgren, Mark 1 3.00% 01/01/2026 7,947.17 238.42 8,185.59 98,227.08 Macaluso, Paul 1 3.00% 01/01/2026 8,021.19 240.64 8,261.83 99,141.96 Malcolm, Norman J 1 3.00% 01/01/2026 15,196.46 455.89 15,652.35 187,828.20 Marek, Rick W 1 3.00% 01/01/2026 4,034.37 121.03 4,155.40 49,864.80 Mayer, James A 1 3.00% 01/01/2026 9,970.84 299.13 10,269.97 123,239.64 Meservey, Scott 1 3.00% 01/01/2026 7,881.56 236.45 8,118.01 97,416.12 Mikkelsen, Roy E 1 3.00% 01/01/2026 7,910.15 237.30 8,147.45 97,769.40 Mitchell, Joseph Grant Jr. 1 3.00% 01/01/2026 7,554.92 226.65 7,781.57 93,378.84 Morris, Robert P 1 3.00% 01/01/2026 9,423.06 282.69 9,705.75 116,469.00 Munson, Joseph 1 3.00% 01/01/2026 5,428.17 162.85 5,591.02 67,092.24 Murphy, Michael D Member - Michael 1 3.00% 01/01/2026 4,924.10 147.72 5,071.82 60,861.84 QUILDRO - Murphy, Deborah 4,399.10 131.97 4,531.07 54,372.84 9,323.20 279.69 9,602.89 115,234.68 Niebuhr, Steven F 1 3.00% 01/01/2026 4,465.68 133.97 4,599.65 55,195.80 Pannhausen, Joseph 1 3.00% 01/01/2026 6,469.65 194.09 6,663.74 79,964.88 Payne, Richard D Member - Richard 1 3.00% 01/01/2026 6,941.51 208.24 7,149.75 85,797.00 QUILDRO - Gindville (Payne), Martha 3,266.59 98.00 3,364.59 40,375.08 10,208.10 306.24 10,514.34 126,172.08 Pelletreau, Mark S 1 3.00% 01/01/2026 6,924.44 207.73 7,132.17 85,586.04 Piasecki, Kevin 1 3.00% 01/01/2026 6,698.66 200.96 6,899.62 82,795.44 Pickup, Jack K 1 3.00% 01/01/2026 8,809.31 264.28 9,073.59 108,883.08 Pitts, Steve 1 3.00% 01/01/2026 7,619.24 228.58 7,847.82 94,173.84 Plate, Lee 1 3.00% 01/01/2026 7,217.01 216.51 7,433.52 89,202.24 Samack, James A 1 3.00% 01/01/2026 7,272.44 218.17 7,490.61 89,887.32 Service Pensions (Cont.) Annual 3% Increase (Cont.) Schank, Alexander V 1 3.00% 01/01/2026 8,339.47 250.18 8,589.65 103,075.80 Schmelzer, Clyde 1 3.00% 01/01/2026 7,667.12 230.01 7,897.13 94,765.56 Schweitzer, Steven 1 3.00% 01/01/2026 8,346.72 250.40 8,597.12 103,165.44 Sigwalt, Mark 1 3.00% 01/01/2026 7,954.36 238.63 8,192.99 98,315.88 Steffens, Donald J Jr. 1 3.00% 01/01/2026 8,513.18 255.40 8,768.58 105,222.96 Stilling, Terry 1 3.00% 01/01/2026 7,072.68 212.18 7,284.86 87,418.32 Sugrue, James 1 3.00% 01/01/2026 9,571.44 287.14 9,858.58 118,302.96 Wallis, Paul 1 3.00% 01/01/2026 9,203.39 276.10 9,479.49 113,753.88 Weide, David E 1 3.00% 01/01/2026 3,995.71 119.87 4,115.58 49,386.96 Wente, John E 1 3.00% 01/01/2026 8,658.21 259.75 8,917.96 107,015.52 Page 14 of 16 Page 2 of 4 Village of Palatine Firefighters' Pension Fund Scheduled CY 2026 Benefit Increases Benficiaries as of November 1, 2025 Increase Effective CY 2025 CY 2026 Tier Percent Date Monthly Increase Monthly Annual Worthy, Robert G 1 3.00% 01/01/2026 7,853.95 235.62 8,089.57 97,074.84 Wright, Robert M 1 3.00% 01/01/2026 7,552.76 226.58 7,779.34 93,352.08 Zimmermann, Steven R 1 3.00% 01/01/2026 8,348.93 250.47 8,599.40 103,192.80 Mid-Year Increase Aichholzer, Joseph (1st yr) 1 3.00% 09/01/2026 8,558.25 256.75 8,815.00 105,780.00 Corso, Joseph 1 3.00% 02/01/2026 7,330.05 219.90 7,549.95 90,599.40 Gratzianna, Patrick 1 3.00% 10/01/2026 12,988.09 389.64 13,377.73 160,532.76 Age 55 Increase Bednarek, Ronald 1 11.25% 04/01/2026 8,210.97 923.73 9,134.70 109,616.40 Kurka, Tom 1 3.00% 04/01/2026 7002.46 210.07 7212.53 86,550.36 Novak, Thomas 1 9.00% 04/01/2026 5,392.85 485.36 5,878.21 70,538.52 Brents, Darren 1 15.00% 09/01/2026 5,166.67 775.00 5,941.67 71,300.04 Not Eligible for Increase Steier, Eric 1 14.75% 03/01/2027 3,508.49 - 3,508.49 42,101.88 Downey, Johnie M 1 12.00% 07/01/2027 5,511.47 - 5,511.47 66,137.64 Kurka, Chad (Reciprocity) 1 14.25% 01/01/2028 6,146.19 - 6,146.19 73,754.28 Martin, Manuel 1 15.00% 04/01/2028 5,854.42 - 5,854.42 70,253.04 Stankiewicz, Dale 1 13.50% 08/01/2028 5,852.79 - 5,852.79 70,233.48 Bemis, Norman 1 14.75% 08/01/2029 8,104.42 - 8,104.42 97,253.04 Deferred Meuret, Christopher (Effective 12/8/2025) 1 15.00% 01/01/2031 5,058.49 - 5,058.49 60,701.88 Paulsberg, Nathan (Beg 01/13/27) 1 NA 01/13/2027 - - - - Buhs, Robert (Beg 03/17/42) 2 NA 03/17/2042 - - - - Page 15 of 16 Page 3 of 4 Village of Palatine Firefighters' Pension Fund Scheduled CY 2026 Benefit Increases Benficiaries as of November 1, 2025 Increase Effective CY 2025 CY 2026 Tier Percent Date Monthly Increase Monthly Annual On-Duty Disability Adams, Aaron M Member - Aaron 1 69.00% 01/01/2035 4,673.78 - 4,673.78 56,085.36 Hermes, Dustin Member - Dustin 1 63.00% 01/01/2044 6,126.16 - 6,126.16 73,513.92 Dependent - Jaxon 3.00% 01/01/2026 21.22 1.30 22.52 270.24 6,147.38 1.30 6,148.68 73,784.16 Kemper, Edward F Member - Ed 1 3.00% 01/01/2026 5,087.96 82.96 5,170.92 62,051.04 Dependent - Ashley 3.00% 01/01/2026 46.54 1.39 47.93 575.16 5,134.50 84.35 5,218.85 62,626.20 Morris, Clayton 1 3.00% 01/01/2026 4,064.67 66.27 4,130.94 49,571.28 Moyer, Erik C 1 NA 01/01/2032 3,728.29 - 3,728.29 44,739.48 Noland, William J Jr. 1 3.00% 01/01/2026 7,067.14 125.45 7,192.59 86,311.08 Ohlrich, Scott M 1 3.00% 01/01/2026 9,506.73 205.18 9,711.91 116,542.92 Off-Duty Disability Bemis, Lyle R 1 3.00% 01/01/2026 3,541.52 51.08 3,592.60 43,111.20 Collier, Dale 1 3.00% 01/01/2026 3,420.08 48.63 3,468.71 41,624.52 Surviving Spouse Jennings, Constance (William) 1 NA NA 7,955.34 - 7,955.34 95,464.08 Hallett, Linda (Mark) 1 na NA 7,996.13 - 7,996.13 95,953.56 Heckler, Diana (Foraker) 1 na NA 8,227.62 - 8,227.62 98,731.44 Kennelly, Marcia (Kevin) 1 NA NA 8,160.78 - 8,160.78 97,929.36 Koniecki, Pat (Greg) 1 NA NA 9,939.09 - 9,939.09 119,269.08 Nolen-Moran, Jean (Michael) 1 NA NA 6,802.10 - 6,802.10 81,625.20 Quigley, Deborah (David) 1 NA NA 3,670.79 - 3,670.79 44,049.48 Quinlan, Linda (Terrance) 1 NA NA 5,692.79 - 5,692.79 68,313.48 Page 16 of 16 Page 4 of 4