2012 Legislative Update

The 2012 Omnibus Retirement Bill signed into law on May 10, 2012, contains a number of provisions that affect fire relief associations. The Investment Study Group provisions are located in Article 10, and the Working Group provisions are located in Article 12.

Most of the changes were based on suggestions made by the Fire Relief Association Working Group and the Investment Study Group. The proposals of both groups included technical changes that corrected and clarified statutory references and updates to current drafting standards. The technical changes most likely will not require changes to your relief association’s bylaws, unless your bylaws reference specific statutory citations or language.

More information can be found in the 2012 Legislative Update.