State Auditor's Working Group (November 2022 Meeting)

The Volunteer Fire Relief Association Working Group convened by the Office of the State Auditor (OSA) met on November 10. The Working Group members discussed the audit threshold for relief associations. Currently, an annual audit is required after a relief association exceeds $500,000 in either special fund assets or liabilities. The Working Group members approved moving forward with drafting a proposal to increase the audit threshold to $750,000.

The Working Group also discussed adding definitions of “volunteer,” “paid oncall,” “part-time,” and “full time/career” firefighter to the relief association pension statutes. Characteristics of these firefighter categories were reviewed for purposes of drafting definitions, which will be reviewed by the Working Group during a future meeting.

Upcoming Working Group meetings are scheduled for December 7, and December 14. Meeting agendas and information are available on the Working Group page of the OSA website. Meetings are live-streamed on the OSA’s YouTube channel, and recordings are available on the OSA website following each meeting.

Published last in the November 2022 Pension Newsletter