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Fire/Rescue and National Guard Pension Plans Have Reached Historically Strong Funded Percentages

"(Raleigh, N.C.) – State Treasurer Dale R. Folwell, CPA, and the Boards of Trustees overseeing the Firefighters’ and Rescue Squad Workers’ Pension Fund (FRSWPF) and National Guard Pension Fund (NGPF) announced today that their preliminary estimates indicate significant increases in the funded ratios of both pension plans . . .

In addition, the Retirement Systems Division Boards of Trustees and staff have collaborated with the North Carolina National Guard, and organizations representing firefighters, rescue squad workers and their employers, to improve the operation of the FRSWPF and NGPF, and to improve the accuracy of information provided for the consulting actuary’s work. Treasurer Folwell thanked all for their hard work and dedication, specifically acknowledging Firefighters’ and Rescue Squad Workers’ Pension Fund Advisory Panel members former Charlotte Fire Department Deputy and former Waco Volunteer Fire Department Chief Kevin Gordon, Statesville firefighter Capt. Josh Smith and Forsyth County firefighter Walter Beroth for their service and invaluable help in reaching this milestone.

Noting that 75% of North Carolina’s landmass is protected by volunteer fire departments, Treasurer Folwell acknowledged Chief Gordon’s decade-long effort to simplify and modernize the “turnaround” document that improves the quality of rosters."

Read Full Press Release Below:

Press Release - Treasurer Folwell Announ
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Photo Credit: Wix

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