Approval of Relief Association Expenditures
One of the fiduciary activities specifically assigned to relief association trustees is the expenditure of plan assets. The relief association is a separate entity from the affiliated fire department, and the relief association board of trustees is charged with maintaining relief association accounts. Relief associations should make sure that meetings are scheduled regularly so that expenditures can be approved and disbursed on a timely basis.
Information on authorized expenditures is provided in our Statement of Position on relief association special funds, general funds, and charitable gambling funds.
Published last in the November 2021 Pension Newsletter