Legislative Update

SF0039 (Fire A).  Governor Gordon signed this important legislation on Monday, March 7, 2022.  The bill provides a $75 million appropriation and a $2 million/year ongoing revenue stream to stabilize the finances of the Fire A pension fund.  The Cost of Living Adjustment or 3% annual escalator ended effective April 1.

There are 255 pensioners remaining in this pension plan, previously faced with failure within 5 years.  Effort now goes to execution of this legislation.