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Category: All

  • EARNING POINTS WHILE ON A LEAVE OF ABSENCE

    We were asked if a person on a leave of absence from the fire department can earn points for attending online meetings and trainings. First, we cannot give legal advice, and this post is not intended to be legal advice. If you have a similar question and this blog post is helpful, we suggest sharing…

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  • THE ANATOMY OF A LUMP-SUM CONVERSION

    In researching an issue this week, we stumbled across an article titled, The Anatomy of a Lump-Sum Conversion, written by Corey Swarner, CPC, MBA of Milliman.  In various posts, we’ve attempted to provide readers with an understanding of actuarial math including the time-value of money, and actuarial concepts such as life expectancy. But we think Corey…

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  • UPDATE ON STATUTE AMENDMENT TO RAISE SERVICE MAXIMUM TO 50 YEARS

    At the end of March, we alerted readers to a bill that would amend Sections 218 and 219 of the New York State General Municipal Law to increase the maximum years of service credit that can be earned by a participant from 40 to 50 years. You can read that post here. The bill is S1091A…

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  • STATE DISASTER EMERGENCY EXTENDED TO APRIL 25, 2021

    A few days after this post Governor Cuomo issued Executive Order 202.99, which extended the State Disaster Emergency through April 25, 2021. This is important for LOSAP only if your fire department continues to operate under restricted call response protocols or are continuing to cancel events due to the pandemic. By extending the Emergency, it extends the…

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  • LOSAP BILL TO EXTEND SERVICE CAP TO 50 YEARS TRENDING TOWARDS BECOMING LAW

    There are two bills that have been introduced in the current session regarding LOSAP. One appears to be on track to be passed by both houses in 2021. They both would impact only volunteer firefighter LOSAPs adopted pursuant to Article 11-A, not volunteer ambulance squad plans governed by Articles 11-AA and 11-AAA. The purpose of…

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  • CURRENT STATE OF THE STATE DISASTER EMERGENCY

    This pandemic has required us to change our behavior and routine in ways most of us have never experienced. Although not very significant, we would have never guessed that we’d be studying Executive Orders issued by the Governor in order to track how that might impact LOSAP. But here we are! If you have any…

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  • NEW TOOL ALLOWS ANYONE TO CALCULATE BASIC ACTUARIAL LIABILITIES

    With every new version of our favorite technology – such as smartphones, televisions, and even cars – we can accomplish or experience something better than we were previously able. The computer has certainly helped the actuary by increasing the speed and accuracy in which calculations can be made. But like many trade-specific tools, the available…

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  • STATE DISASTER EMERGENCY EXTENDED TO FEBRUARY 26, 2021

    At this time, most Fire Departments are back to some variation of normal. However, the Governor did extend the State Disaster Emergency through February 26, 2021, which means it could be possible to award more points for cancelled events in 2021. We will continue to monitor and keep you updated.

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  • STATE DISASTER EMERGENCY EXTENDED AGAIN

    On December 30, 2020, Governor Cuomo signed Executive Order 202.87, which effectively extended the State Disaster Emergency until January 29, 2021. Therefore, this means that if fire departments continue to be in a situation where events are cancelled or firefighter responses are being limited, that  points could be awarded for January 2021. Since the statute…

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  • STATE DIASTER EMERGENCY EXTENDED TO JANUARY 1, 2021

    Yesterday, December 3, 2020, Governor Cuomo issued Executive Order 202.79, which continued the State Disaster Emergency through January 1, 2021.  Although this was expected, we now know officially that the time period for which points could be awarded in 2020 due to the COVID-19 pandemic is from March 7, 2020 to December 31, 2020. This…

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