1 volunteer fire fighter and emt service award program legislative audit bureau february 2006

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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