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The Pension Division of the Office of the State Auditor regularly publishes an informational newsletter covering a variety of topics of interest to volunteer fire relief association trustees, members, auditors, local governments, and the public. The newsletter addresses topics that have arisen or may arise as a result of the State Auditor’s oversight of local public pension plans.

The Pension Newsletter Index lists a number of articles from past issues of the newsletter, arranged by topic. To view the original article, click the link and the newsletter will open in your browser as an Adobe Acrobat (pdf) file. Use the article listing on the newsletter's first page to find the article.

The Office of the State Auditor prepares Pension Division Newsletters to provide an educational resource. Newsletters are not legal advice and should not be relied upon in lieu of legal advice, and are subject to revision.

To regularly receive an electronic version of the Pension Division Newsletter, e-mail Rose Hennessy Allen at rose.hennessy-allen@osa.state.mn.us.

Audit and Attestation

Audit Requirements (May, 2014) (pdf, 109k)

Audit Threshold (May, 2017) (pdf, 259k)

New Accounting Requirements (Attestation) (January, 2016) (pdf, 331k)

New GASB Reporting Requirements (October, 2014) (pdf, 359k)

Paying for GASB Actuarial Valuations (May, 2015) (pdf, 324k)

Resources for Auditors (May, 2018) (pdf, 266k)

Submitting Agreed-Upon Procedures and Audit Reports (May, 2018) (pdf, 266k)

Benefit Levels

Establishing Multi-Year Benefit Level Proposals (April, 2017) (pdf, 292k)

Maximum Benefit Levels (July, 2018) (pdf, 261k)

Municipal Ratification of Benefit Levels (July, 2018) (pdf, 261k)

Municipal Ratification Requirements (April, 2013) (pdf, 107k)

Board of Trustees and Membership

Authorized Administrative Expenses (April, 2018) (pdf, 416k)

Board of Trustees (July, 2017) (pdf, 275k)

Consultant Insurance Requirement (April, 2018) (pdf, 416k)

Deferred Members as Trustees (September, 2009) (pdf, 52k)

Fiduciary Education for Trustees (July, 2017) (pdf, 275k)

Fiduciary Reminders (January, 2009) (pdf, 45k)

Fire Prevention Personnel (April 2014) (pdf, 107k)

Membership Age Restrictions (July, 2015) (pdf, 259k)

Membership Dues (July, 2013) (pdf, 108k)

Membership Rights (October, 2009) (pdf, 52k)

Membership Start Date (February, 2017) (pdf, 257k)

New Fire Chief Certification Requirement (January 2019) (pdf, 284k)

New Volunteer Emergency Medical Personnel Provision (February 2019) (pdf, 275k)

Open Meeting Law (December, 2016) (pdf, 333k)

Payment of Insurance Premiums (September, 2014) (pdf, 265k)

Payment of Professional Fees (February, 2015) (pdf, 263k)

Payroll Deductions for Membership Dues (August, 2015) (pdf, 262k)

Protecting Private Member Data (August, 2018) (pdf, 253k)

Statements of Economic Interest (December, 2017) (pdf, 270k)

Treasurer Bonds (June, 2017) (pdf, 263k)

Trustee Salaries (May, 2016) (pdf, 263k)

Unpaid Membership Dues (August, 2015) (pdf, 262k)

Charitable Gambling

Charitable Gambling Fund Reminder (August, 2009) (pdf, 50k)

Fundraising

Fundraising Activities (June, 2014) (pdf, 114k)

Internal Controls

Approval of Expenditures (August, 2017) (pdf, 253k)

Data Practices (June, 2017) (pdf, 263k)

Deposit of Municipal Funds (October, 2017) (pdf, 251k)

Donations from a Special Fund (November. 2013) (pdf, 122k)

Establishing Separate Accounts (November, 2017) (pdf, 266k)

Financial Arrangements with a City or Town (April, 2013) (pdf, 107k)

Fire Department Checking Accounts (February, 2016) (pdf, 324k)

Fire Department Grants (June, 2017) (pdf, 263k)

Fundraising Activities (July, 2018) (pdf, 261k)

Internal Controls (April, 2017) (pdf, 292k)

Management of Records (February 2019) (pdf, 275k)

Multiple Signatures on Checks (April, 2017) (pdf, 292k)

Payment of Fines and Penalties (June, 2017) (pdf, 263k)

Payment of Organizational Dues (August 2014) (pdf, 268k)

Phishing Scams (April, 2011) (pdf, 34k)

Pool Fill Donations (April, 2018) (pdf, 416k)

Records Retention Schedule (June, 2018) (pdf, 277k)

Reporting Evidence of Misconduct (June, 2018) (pdf, 277k)

Special Events (June, 2018) (pdf, 277k)

Special Fund Deposit Errors (September, 2017) (pdf, 252k)

Investment Information

Below-Investment-Grade Bonds (September, 2017) (pdf, 252k)

Broker Certification Form (February, 2019) (pdf, 275k)

Exchange Traded Note Investment (August, 2011) (pdf, 45k)

Investing Through the SBI vs. Joining the Statewide Plan (November, 2015) (pdf, 365k)

Investment Basics (October, 2008) (pdf, 52k)

a) Certificates (July, 2010) (pdf, 51k)

b) Stocks (May, 2010) (pdf, 49k)

c) Bonds (April, 2010) (pdf, 46k)

d) ETFs (March, 2010) (pdf, 67k)

e) Fees (April, 2009) (pdf, 56k)

f) Reading your SBI Statement (August, 2008) (pdf, 277k)

g) Terms (July, 2008) (pdf, 47k)

h) Mutual Funds (June, 2011) (pdf, 54k)

Investment Transfer Verifiers (September, 2017) (pdf, 252k)

Monitoring Investment Performance (July, 2016) (pdf, 261k)

New SBI Account Names (June, 2015) (pdf, 382k)

Investment Management Fees (August, 2016) (pdf, 334k)

SBI Investment Portfolio Limits (April, 2015) (pdf, 304k)

Municipal Contributions and Financial Projections

Deposit of Municipal Funds (October, 2018) (pdf, 281k)

Municipal Contributions (July, 2012) (pdf, 328k)

Schedule Form Reminders (October, 2012) (pdf, 114k)

Schedule Form Updates (August, 2016) (pdf, 334k)

Online Reporting/SAFES

Annual Business Renewal Reminder (April, 2018) (pdf, 416k)

Helpful Contact Information (December, 2017) (pdf, 270k)

How to Sign Forms in SAFES (March, 2018) (pdf, 277k)

Keeping SAFES Login Information Secure (October, 2018) (pdf, 281k)

New Document Transmission Method (July, 2016) (pdf, 261k)

Online Training Videos (February, 2018) (pdf, 292k)

Reporting Form Helpful Hints (March, 2018) (pdf, 277k)

SAFES FAQs (April, 2016) (pdf, 264k)

SAFES Password (June, 2018) (pdf, 277k)

SAFES User Authorization Form (October, 2018) (pdf, 281k)

Website Resources (December, 2016) (pdf, 333k)

Pension and Benefit Payment Information

Age Discrimination and Pension Benefits (February, 2012) (pdf, 39k)

Beneficiary Designation Form (October, 2014) (pdf, 359k)

Calculating and Reporting Breaks in Service (January, 2012) (pdf, 39k)

Calculating Months of Active Service (June, 2018) (pdf, 277k)

Combined Service Pensions (June, 2015) (pdf, 382k)

Consultant Insurance Requirement (May, 2014) (pdf, 109k)

Deferred Interest Changes Now in Effect (January, 2014) (pdf, 109k)

Deferred Interest Reminders (October, 2017) (pdf, 251k)

Deferred-Service Pension Payment Methods (September, 2013) (pdf, 133k)

Facts About Supplemental Benefits (January, 2016) (pdf, 331k)

Forfeiting Service Credit Following a Break in Service (May, 2016) (pdf, 263k)

Hardship Distribution (November, 2018) (pdf, 280k)

Marriage Dissolutions (November, 2016) (pdf, 354k)

Military Breaks in Service (April, 2018) (pdf, 416k)

Payments to Full-time Firefighters (August 2014) (pdf, 268k)

Relief Association Plan Types (October, 2013) (pdf, 167k)

Rollovers and Safe Harbor Notices (May, 2018) (pdf, 266k)

Sample Bylaw Guides (September, 2012) (pdf, 122k)

Service Pension Eligibility Requirements (September, 2018) (pdf, 256k)

Supplemental Benefit Reimbursements (November, 2018) (pdf, 280k)

Survivor Benefits & Beneficiaries (May, 2017) (pdf, 259k)

Survivor Benefits for Deferred Members (September, 2015) (pdf, 353k)

Understanding the "Return to Service" Law (March, 2013) (pdf, 152k)

Volunteer Ambulance Personnel (August 2014) (pdf, 268k)

Also, (February, 2019) (pdf, 275k)

State Aid

New Supplemental State Aid Program (September, 2013)

Also, (November, 2013) (pdf, 122k)

Supplemental Benefit Reimbursements (November, 2017) (pdf, 266k)

State Deferred Compensation Plan

Minnesota Deferred Compensation Plan (May, 2018) (pdf, 266k)

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