How is the annual brigade contribution fee decided upon, and will it alter from year to year?
The welfare fund Committee of Management will seek advice of the level of activity of the fund, the resilience of monies invested and the ability of the fund to self sustain without eroding the fund capital. This advice will be sought every six months. The annual contribution will be set in the last quarter of each financial year and will be based on the return on investments, take-up of brigades electing to contribute as welfare fund members, the number of claims and their value. Every attempt will be made to keep brigade contribution fees as low as possible, and affordable for all brigades.
Related Questions
- If I enroll in the HDHP after January 1 but by December 1, can I still contribute the maximum annual HSA contribution for that year?
- Can my brigade use part of their CFA allowance to pay the annual welfare fund contribution fee?
- How is the annual brigade contribution fee decided upon, and will it alter from year to year?
