Fire Perspective
This presentation is the property of its rightful owner.
Sponsored Links
1 / 15

Fire Perspective PowerPoint PPT Presentation


  • 78 Views
  • Uploaded on
  • Presentation posted in: General

Fire Perspective. Firefighter perspective. Same as general public No free lunch Message resonates Long term financials Government solvency Honesty. Who and Why?. Cities, Counties, State, Fed. Service and infrastructure. Defined benefit Plans. Number of LL or chapter plans- total 353

Download Presentation

Fire Perspective

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Fire perspective

Fire Perspective


Firefighter perspective

Firefighter perspective

  • Same as general public

  • No free lunch

  • Message resonates

  • Long term financials

  • Government solvency

  • Honesty


Who and why

Who and Why?

  • Cities, Counties, State, Fed.

  • Service and infrastructure.


Defined benefit plans

Defined benefit Plans

  • Number of LL or chapter plans- total 353

  • Plus FRS

  • As many plans as many problems.


Choice

Choice

  • Chapter vs. FRS

  • Cost of plans

  • Autonomy


Additional problems

Additional Problems

  • Market fluctuations

  • Taxes

  • bubble

  • Europe

  • Diminishing net worth


How did we get here

How did we get here?

  • Minimum contributions

  • Market fluctuations

  • Actuarial assumptions

  • Mixed priorities

  • Complacency

  • Old news


Are we here

Are we here?


Fixes short term

Fixes- short term

  • Service reduction

  • Personnel reductions

  • Benefit reductions

  • Market assumptions

  • Establish priorities

  • Legislation

  • Start Stop


Long term

Long term

Negotiations

Legislation

Re-assess priorities

Market improvement

Litigation

Time


Roadblocks

Roadblocks

  • statues

  • regulation

  • solvency

  • retirees

  • 99-1

  • Litigation

  • politics


Plans to fix the problem

Plans to fix the problem

  • Negotiations

  • Litigation (employment and civil).


Fire perspective

1%


  • Login