The Pension Board oversees the retirement allowances and medical bills of all 41.18 and 41.18/41.26 personnel. They also process payment of qualified medical bills for personnel of the 41.26 Pension System.
The Board consists of 5 members who include the Chairman of Board of Fire Commissioners, County Treasurer, County Auditor and 2 regular or retired firefighters. The firefighters are elected by secret ballot of the retired firefighters. See RCW 41.18.015.
The pension board is governed by Chapter 41.18 of the Revised Code of Washington. The Spokane Valley Fire Department also maintains a 41.18 Policy Manual.
Personnel hired prior to March 1, 1970. Their retirement is paid entirely by the local pension fund.
Personnel hired between March 1, 1970 and October 1, 1977. Their retirement is paid entirely by the State of Washington Retirement System.
Personnel eligible for BOTH 41.18 AND 41.26 (LEOFF I) are eligible for both retirement systems. The difference between 41.18 and 41.26 retirement is paid by the District.
Personnel hired after October 1, 1977. Their retirement is paid entirely by the State of Washington Retirement System.
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