Village of Elmsford Work Session 3/2/26

Elmsford Village Board · March 3, 2026

0:00/57m

57:32

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15:00

30:00

45:00

57:32

LOSAP overview and participant census

PresentationPublic Comment

0:30 → 9:18(8m 48s)

Hometown Firefighter Services representative (ex‑chief, 33‑year commissioner, state director) summarized the Length of Service Award Program (LOSAP) 2025 valuation: participant counts (15 active vested, 23 not vested, 26 inactive deferred, 20 entitled), current $20/month benefit, and IRS contribution limits; recommended considering plan design changes and increasing outreach to younger volunteers.

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Hometown Firefighter Services representative reviewed the village LOSAP actuarial report and recommended changes to vesting and benefit options; village staff reported on stormwater (MS4) permit obligations and training needs; staff proposed a fund-balance policy and six reserve funds for long-term budgeting.

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Transcript

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