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Group, please contact Rose Hennessy Allen at (651) 296-5985
or Rose.Hennessy-
Nov 1, 2007 - Pension Update - Working Group Report
The Office of the State Auditor’s Volunteer Fire Relief Association Working Group held its second meeting of the year on Thursday, November 1. The Group discussed issues surrounding ancillary benefits, which are disability, survivor, and funeral benefits. Discussions focused on whether authority should be granted to pay reduced ancillary benefits for members that are not fully vested and whether the definition of surviving spouse should be updated to reflect the definition used by the Public Employees Retirement Association. After very thorough discussions the Group decided to hold over both topics to the next meeting so that members could think about these complex issues and obtain additional information. The Working Group members also discussed setting a minimum age requirement for disability benefits and decided to take no action on the topic.
Meeting agendas, minutes, and other materials will be posted in the Fire Relief Association Working Group section of our website at www.auditor.state.mn.us. The next Working Group meeting is Tuesday, November 13, from 11:00 am to 1:00 pm at our Saint Paul office. Topics on the agenda for the next meeting include deferred interest and investment issues. The public is welcome to attend. If you have questions regarding the Working Group, please contact Rose Hennessy Allen at (651) 296-5985 or Rose.Hennessy-Allen@state.mn.us.
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