Fund Updates

Fund Administrator Retirement

Effective immediately, Wednesday, June 9th, I am retiring as Fund Administrator.

It's been a pleasure serving the Austin firefighters. The Fund and the members deserve a smooth transition so services are not disrupted. The past year has proven that Premal and Kendall are up to the task. They are a good team and we are lucky to have them.

Premal has demonstrated he is more than qualified and capable of taking over as the Fund Administrator. His 12 years of experience working with the firefighters, both as the Association's Director of Operations and as our Deputy Fund Administrator, is invaluable. I have always believed in promoting from within as there is no better training than practical experience.

To assure continuity of efficient member services the next step should be to hire an Administrative Assistant to join the team and provide support. Premal did a great job when we hired Kendall and I'm confident in his judgment in finding the right person.

Thank you,

Bill            

• Code of Ethics:  Adopted April 26, 2021.

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• Rules Restatement: Other changes were made after our March 2021 meeting, see the Updated proposed revisions would amend (1) Section III to reflect updates in the federal plan qualification rules, (2) Section IV to clarify certain trustee election procedures, and (3) Sections VIII and XIII to incorporate two previously adopted stand-alone amendments related to the COLA Adjustment Policy regarding Minimum Benefits and the Appeal of Benefit Determinations rule.

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