On September 6, 2023, AFRF received the Funding Soundness Restoration Plan (FSRP) “At Risk” notification from the Pension Review Board. In response to the FSRP notification, the AFRF Board created the Pension Funding Working Group comprised of two trustees, Chief Doug Fowler and John Bass.
The Board directed the Working Group to collaborate with the Fund staff and actuary to assess the current financial health of the plan, to project any future funding concerns, and to keep the membership apprised of the situation.
On June 13, 2024, the Working Group hosted its fourth informational session to present a draft proposal for a pension reform package that was developed by the Working Group and the Fund’s actuary based on the initial input received from the membership.
All information related to the Voluntary FSRP can be accessed on the Plan Sustainability page. The page includes status updates, FAQs, and member information session recordings and communiques.
Visit Plan Sustainability Page