Firemen’s Pension Fund

Goal: The Firemen’s Pension Fund assets will be sufficient to cover all benefit obligations for retirees and their beneficiaries. 

Chapter 41.16 RCW required the establishment of a Firemen’s Pension Fund for firefighters hired prior to March 1, 1970.  Cash and investments in this fund will be sufficient to cover all benefit obligations for retirees and their beneficiaries.  All investment earnings will be retained in this fund.  The annual fire insurance premium tax from the state will also be deposited into this fund.