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Volunteer firefighter pension fund largely healthy; board and advocates urge targeted steps to sustain and boost benefits
Summary
At the Aug. 19 Joint Appropriations Committee meeting, Wyoming retirement officials said the volunteer firefighter pension (Fire B) is in good actuarial condition but recommended modest, prioritized options — from preserving funding to structural matches — rather than near‑term large increases.
At a Joint Appropriations Committee hearing on Aug. 19 in Dubois, Wyoming Retirement System staff briefed legislators on the volunteer firefighter, EMT and search‑and‑rescue pension plan (Fire B), describing the plan as actuarially sound while outlining options and costs for benefit changes. David Swindell, director of the Wyoming Retirement System, told the committee the volunteer plan carries about $123 million in assets and is roughly 96% funded on an actuarial basis. He said the plan supports about 1,781 pensioners and that the current average monthly benefit is $364, based on an average service time of about 21.6 years. Swindell noted the fund receives two primary revenue streams: the statutory member…
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