PDF Length of Service Award Program (LOSAP) - Arlington Fire District

[Pages:22]Length of Service Award Program (LOSAP)

Who is VFIS?

A Division of Glatfelter Insurance Group Founded in 1969

Over 45 years of experience with Emergency Service Organizations

Specializing exclusively in servicing Emergency Service Organizations

Over 15,000 Emergency Service Organization Clients Active in 49 States and Canada

Insurance Education & Training Consulting

Who is Glatfelter Specialty Benefits?

A Division of Glatfelter Insurance Group

Companion Division to VFIS

Single Focus: To provide unique and specialized benefit products designed to meet the individual needs of the volunteers who serve their communities.

Administering Length of Service Award Programs since 1980 Over 500 plans in 33 states $270,000,000 in assets under management Defined Benefit Defined Contribution

Experienced team of 22 associates Partnership with independent actuary

How Are We Different? Unique Business Model

Coordinate Professional Services for our Plan Sponsors

Administrative o Day to Day running of the plan w/ Onsite visitation o Single point of contact o Flexible methodology ? Insurance vs No insurance vs Self insurance o Benefit payment flexibility ? Risk transfer vs Pay from plan assets

Actuarial o Provide independent certification of plan soundness o Ability to assist with State & Federal requirements

Investment Services o Provide access to flexible investment products tailored to your specific risk tolerance & goals

VFIS - Administrative Services

Ease of Client Experience

One stop solution

Dedicated Pension Administrator

Coordinates with Actuary & Investment Services

Participant Benefit Payment On-site Visits State & Federal compliance assistance GASB 73 reporting Online Client Portal

Online Document storage & transfer

VFIS - Actuarial Services

Dedicated partnership with independent actuary

Works for the plan sponsor Objective Analysis Provides additional review point outside VFIS

Gail Johnson F.S.A, M.A.A.A, E.A., B.S.

Accreditations Fellow of the Society of Actuaries Member of the American Academy of Actuaries Enrolled Actuary under ERISA

Investment Services

Sophisticated Investment Products Customized to meet your plans needs

Group Annuity VFIS-Hero Plus Diversified Sleeve

VFIS - Investment Services ? Group Annuity

Developed through a partnership with Mass Mutual

Carrier rated A++, AA+, Aa2, AA+

Guarantee of principal and credited interest Interest credited daily Minimum lifetime interest rate of 3% - Net of Fees Daily Liquidity ? No surrender fees Good steward of tax payer funds Additional benefits

Tax Reporting Benefit Check payments ? No third party bank fees

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