1 volunteer fire fighter and emt service award program legislative audit bureau february 2006
TRANSCRIPT
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Volunteer Fire Fighter and EMT Service Award Program
Legislative Audit BureauFebruary 2006
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Length-of-Service Award Program
Created by 1999 Wisconsin Act 105
Intended to enhance retention of volunteer fire
fighters and emergency medical technicians
Full retirement benefits at age 60 after 20 years
of service
State matches local contributions
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Individual Enrollments
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Locations of Participating Departments
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Length-of-Service Award Program Funding
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Administration Fees Paid to Program Vendors
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Commissions Paid by Lincoln Benefit Life to Laub & Horton
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Insurance Premiums Forfeited to The Advisory Group
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Board and DOA Action
Additional financial expertise is needed as
the Board prepares for a vendor solicitation
DOA can access financial expertise from
within state government at ETF
Report to the Legislature on the status of the
vendor solicitation
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Legislative Recommendations
Revise the membership of the board to
ensure financial planning expertise is
required
Move the annual reporting date from
December 31 to June 30