Firefighters ’ Relief Fund NC General Statutes 58-84-1 thru 58-84-60.

Slides:



Advertisements
Similar presentations
Objective Interpret the nature, theory, and different types of insurance INTRODUCTION TO INSURANCE.
Advertisements

2014 Legislative Changes For The Fire Service HB 1034.
BOOSTER CLUB TRAINING Department of Athletics Temple Independent School District.
PUBLIC SCHOOLS OF NORTH CAROLINA STATE BOARD OF EDUCATION DEPARTMENT OF PUBLIC INSTRUCTION NC is unique from other states in the percentage of funds contributed.
PREPLANNING AND PREFUNDING A FUNERAL Presented by Edward D. Jamie, Jr. Funeral Chapel Northern Blvd. (Suite 23) Bayside, New York (718)
Retirement Planning Fresno County Employees’ Retirement Association Location: 1111 H Street Fresno, CA Phone: (559) Stop Mail #: 40 Web Address:
NC Federation of Republican Women Treasurer Training.
Orientation Presentation Fresno County Employees’ Retirement Association Location: 1111 H Street Fresno, CA Phone: (559) Stop Mail #: 40.
SFU Academic Pension Plan Debbie Wilson Plan Administrator September 25, 2014.
School Board Member Compensation Issues Fees, wages, taxes, and other benefits... presented to NCSBA’s President’s Invitational Conference May 9, 2008.
Washington State County Road Administration Board.
Volunteer Fire Department Fund NC General Statutes
Volunteer Rescue/EMS Fund NC General Statutes
Orientation Presentation Fresno County Employees’ Retirement Association Location: 1111 H Street Fresno, CA Phone: (559) Stop Mail #: 40.
TMRS Basics 2007, Texas Municipal Retirement System Annual Training Seminar.
North Carolina Firemen's and Rescue Squad Workers' Pension Fund
North Carolina Chief 101 Firefighter’s and Rescue Squad Workers’ Pension Fund.
Disability Services & Legal Center Basic Orientation for Benefits Counseling.
International Association of Fire Fighters Always On The Frontline.
The Executive Branch: An Overview Presented by Kris Kautz, Deputy Director Department of Administrative Services.
1 Kurt S. Browning Secretary of State Dr. Gisela Salas Director, Division of Elections Presented by Maria Matthews and Gary J. Holland, Office of General.
LIVING WELL FOUNDATION  Living Well Foundation was established to receive, invest and administer tax- deductible contributions for the benevolent support.
March New Hampshire Retirement System. March Overview of Presentation  Structure and Governance  Plan Funding  Legislation  Important.
Clergy Benefits Insurance May Eligibility ½ time or greater appointment and Making at least ½ of minimum salary as defined by line 7 of the Pension.
HENDERSON COUNTY COMPREHENSIVE ANNUAL FINANCIAL REPORT JUNE 30, 2006.
PURPOSE OF TRAINING Implement policies regarding the management and use of public funds.
Understanding County Budgets & Fiscal Report s County Extension Council Training Module Council Leadership Development Committee — a partnership of the.
County Government. A quick review All of Michigan is divided into counties. There are 83. Counties have a dual role As agents of state government As local.
Bert Fish Medical Center/ Southeast Volusia Hospital
Cleveland Municipal School District Fiscal Year 2009 Budget Overview.
Lauterbach & Amen, LLP * Article 3 Police Pension Funds Article 4 Firefighters’ Pension Funds.
FACT/FMIT Property and Casualty Overview Effective October 1, 2014.
Orientation Presentation Fresno County Employees’ Retirement Association Location: 1111 H Street Fresno, CA Phone: (559) Stop Mail #: 40.
Examiners Report to County Administrators – August 2015 Presented by: James E. Hall, CPA Director, County Audit Division Examiners of Public Accounts State.
Public Pension Governance, Contracting Relationships and Performance Joel T. Harper Oklahoma State University Rotman ICPM / Netspar / Maastricht University.
State and Local Government. NC State Constitution NC State Constitution Three NC Constitutions in our state history  Constitution of created the.
State and Local Government Budgets Chapter 14 Section 3 and Chapter 25 Section 2.
Taxes and Social Security. Understanding Taxes  Taxes are a form of payment to the government to support government services.  There are three types.
June 5, Budget Workshop Charlie Pride State Board of Accounts
NMRHCA Stake Holder Meetings September NMRHCA’s Creation 2 NMRHCA established by the Retiree Health Care Act [10-7C-1 NMSA 1978] in July, 1990.
ACCA Annual Convention August 20, 2015 Don Armstrong, ACTA Property Tax Commissioner Shelby County, AL.
Township Trustees and Clerks Since January 2014 Four ISUEO staff doing training – have conducted trainings in 59 counties Trainings have been.
 Defined Benefit (DB) plan ◦ An employer-sponsored retirement plan where benefits are guaranteed based on a formula using salary history and duration.
Year-End Duties. Board of Finance Annual Meeting IC requires each local board of finance to meet annually after the first Monday and on or before.
FY 2009 Budget and Five- Year Forecast Presentation October 21, 2008 Licking Heights Board of Education Regular Board Meeting.
Welcome! The PERS Update An Overview of PERS, OPSRP and the IAP Revised 11/24/09.
Welcome 8 th Graders! Please obtain Supplemental text.
Orientation Presentation Fresno County Employees’ Retirement Association Location: 1111 H Street Fresno, CA Phone: (559) Stop Mail #: 40.
Jack H. Jenkins, CPA, P.C.. Organization of board and employees – Assigned responsibilities Procedures for accounting functions – Recording and reporting.
Welcome! The PERS Update An Overview of PERS, OPSRP and the IAP Revised 4/09/09.
JEFFREY L. HUNTER SR RISK ANALYST County of Riverside Human Resource Dept. Risk Management Div. Insurance Requirements In Contracts.
Florida Insurance Conference on Financial Reporting September 14, 2011 Florida P&C Guaranty Funds.
Health Director Orientation May 4, Fiscal 101: Basics of LHD Funding Streams Presented by Ann Moore Public Health Administrative Consultant Department.
TREASURER TRAINING (60 SLIDES). TREASURER TRAINING.
New Member Mid-CareerNearRetirementAfterRetirement Municipal Pension Plan Operations and Financial Review December 31, 2002.
CHWCA Presentation May 1, Background LAWCX is a self-insured Joint Powers Authority providing excess workers’ compensation coverage California.
Understanding Fire Relief Associations Rose Hennessy Allen, Pension Division Director MAT Legal Short Course April 21, 2016 Office of the State Auditor.
League of AZ Cities and Towns PSPRS Pension Task Force August 15, 2014
CRESTWOOD LOCAL SCHOOL DISTRICT FIVE YEAR FORECAST
North Carolina Chief 101 Relief Fund.
Proposed Amendments: City of Deltona Charter
Injured patients and families compensation Fund Wisconsin Office of the Commissioner of Insurance June 1, 2018.
North Carolina Chief 101 Relief Fund.
Fire and Rescue Grant Programs
Independent School District No. 720 Shakopee, Minnesota
Brasher Falls Central School District Annual Meeting May 17, 2016.
Semiannual Council Audit Report #1295
State Executive Branch
Agenda FYE June 30, 2020 Operating Budget
Agenda FYE June 30, 2020 Operating Budget
Presentation transcript:

Firefighters ’ Relief Fund NC General Statutes thru

Header What is the Firefighters’ Relief Fund? How is it funded? How can my fire department participate? How can the relief fund money be spent?

What is the Firefighters’ Relief Fund: A benefit to financially assist a firefighter that has been injured or killed In-Line-Of-Duty NCGS (2a) To provide assistance to a destitute firefighter and (5) Supplemental retirement & other benefits

How is it funded: All NC licensed insurance companies pay to the NC Dept. of Revenue a portion of the Fire & Lightning coverage of all property insurance All County Tax Administrator’s report to the NC Dept. of Insurance the County population and the property tax value for each rated fire insurance district

How can my department participate: A relief fund board of trustees must be elected. Two are elected by the fire department. Two are appointed by the City or County Commissioner’s. One is appointed by the Insurance Commissioner. One of the five members will be elected as the relief fund treasurer. (all local relief fund treasurer’s are covered by a One Million dollar bond, which is paid from the administrative fees)

A fire department must be a member of the NC State Firemen’s Association. Mr. Paul Miller is the Executive Secretary of the Association ( ) The fire department must submit a financial report of the local relief fund account to the NC State Firemen’s Association each year. The financial statement will be mailed from the Association to the fire department each June. The financial statement must be received by the Association no later than October 31 annually

A Report of Fire Condition must be filed annually with the NC Dept. of Insurance by October 31. The NC Dept. of Insurance notifies each City and/or County Clerk-Finance Officer in August to file the report. NCGS requires the Clerk-Finance Officer to file a report for all rated fire districts. The report provides the local relief fund board of trustees names and identifies the treasurer.

How can the relief fund money be spent: Primarily, for an In-Line-Of-Duty injury. The local relief fund board will determine the amount disbursed based on the earning capacity of the firefighter. To provide assistance to a destitute firefighter with 5 years of service. The local relief fund board will determine the need and the amount of financial assistance. The relief fund board must obtain the approval of the NC State Firemen’s Association before disbursement of funds. To provide for benefits of supplemental retirement, workers compensation and other insurance & pension protection. The relief fund board must obtain the approval of the NC State Firemen’s Association before disbursement of funds.

Frequently asked questions: Who has control of the relief fund money? The Local Relief Fund Board of Trustee’s. My department is owned & operated by municipal government, do they control the relief fund? No. The Local Relief Fund Board of Trustee’s controls the funds. Can the Local Relief Fund Board make all disbursement decisions? No. Disbursements for destitute firefighter’s, supplemental retirements, pension & other insurance protection, educational benefits MUST be approved by the Local Board and the NC State Firemen’s Association. This is to ensure the fund balance will remain actuarially sound for its original intent, to assist an injured firefighter.

Frequently asked questions: Can equipment or other purchases be made with relief fund money? No. NC General Statute defines how the fund can be used. Who is responsible to file the membership, financial statement and the Report of Fire Condition? The fire department will file the annual membership and the relief fund financial statement with the NC State Firemen’s Association annually by October 31. The City &/or County Clerk-Finance Officer is responsible to file the Report of Fire Condition with the Dept. of Insurance annually by October 31.

Frequently asked questions: Who appoints the Relief Fund Board of Trustee’s? The fire department elects two representatives, the City &/or County appoints two representatives and the Insurance Commissioner appoints one appointee. One of the five board members will be elected to serve as the relief fund treasurer.

Frequently asked questions: Do the relief fund board members have to be a resident of the fire district? The two fire department appointees shall be residents of the fire district OR active or retired members of the fire department The two City/County Commissioner appointees shall be a resident of the fire district The Insurance Commissioner appointee shall be a resident of the fire district OR an active or retired member of the fire department

How is the relief fund treasurer bonded? Each local relief fund treasurer is bonded through the State, from the administrative /bond fees. Each treasurer is bonded up to 1,000, (One Million) Relief fund accounts exceeding 1,000, have a 10, deductible. CONTACT INFORMATION: NC Department of Insurance – Relief Fund Administrator NC State Firemen’s Association – Paul Miller, Executive Secretary Frequently asked questions: