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Health & Welfare Fund
Updated On: Jul 03, 2018
The purpose of the Health and Welfare Fund is to provide financial assistance to a member or his/her immediate family in times of need.
The Chair of the Welfare Committee will review all requests for assistance and determine if the request meets the established criteria. The Chair will then forward his/her recommendation to the Retirement Association’s Principle Officers for approval.
The maximum disbursement shall be $500.00 per occurrence.
The primary source of funding will come from the Retirement Association’s Annual Golf Tournament, donations from members, and the community at large.
A separate bank account will be established to receive and disburse funds.
The Health and Welfare Fund also provides a mechanism that allows members to donate directly to members in need, bypassing internet sites (such as "Go Fund Me"). Donations to specific person or cause can be made through the Health and Welfare Fund and passed on to that specified person or cause, without fees. Since the Retirement Association is a 501 (c) (3) corporation, any donation to the Health and Welfare Fund is tax deductible to the extent allowed by law.