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.