Board for Volunteer Firefighters and Reserve Officers Regular Meeting
The board meeting included an update on the database replacement project, which is facing delays and is now scheduled for implementation in March 2024. A private letter ruling regarding a status change to a Length of Service Award Plan is under IRS review. The board received a performance update from the Washington State Investment Board, noting returns are down but expected to stabilize with rising oil prices. The 2022 Annual Valuation was presented, highlighting a decline in volunteers and lower fire insurance premium tax transfers. The board discussed contacting vested members over 65 to pay out benefits and set the 2024 EMSD and Reserve Officer Relief and Pension fees. Partial Permanent Disability Awards were presented and approved. The board also reviewed the Accountability Audit Management Letter and set 2024 board meeting dates.