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Volusia County Council approves amendment to volunteer firefighters pension plan, authorizes transfer to insurer
Summary
The council voted 7–0 to amend the volunteer firefighters pension plan, freeze future membership, permit an insurance-company buyout of liabilities, and return surplus funds to the Fire Rescue District fund after the transfer.
The Volusia County Council unanimously approved Jan. 9 an amendment to the county’s volunteer firefighters pension plan that freezes future participation and creates a process to transfer remaining benefit liabilities to an insurance company.
Ryan Ocowski, the county chief financial officer, presented the measure and said the pension advisory board supported the change. The action would freeze benefits as of Sept. 30, 2024; vest current participants for benefits already earned; and provide members with an informed choice…
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