FRA Benefits Information from Total FinancialPlan Overview
FRA Benefits Information from Total FinancialFRA Plan Overview
Kansas Firefighter Relief Association boards carry real fiduciary responsibility.
Review and document your “relief” benefit program
Help boards move from ad-hoc checks to written, needs-based relief policies.
Coordinate FRA benefits
Help boards understand how FRA benefits relate to KP&F, city benefits and workers’ compensation.
Integrate FRA benefits into each firefighter’s full financial picture
Show how FRA benefits fit alongside KP&F pensions, Social Security and personal planning.
Our FRA Planning Process
We help FRA boards review their benefit programs and document decisions, working alongside the board’s legal counsel and actuary.
- Clarify the FRA’s mission, values and member priorities.
- Define goals: benefit security, funding stability, reserves and risk tolerance.
- Review the current benefit structure (death, disability, retirement, supplemental).
- Model alternative benefits, contributions and funding policies.
- Prepare hypothetical illustrations of long-term cash flow and reserves.
- Design investment allocations by time horizon and risk.
- Coordinate the board, city, legal counsel, actuary and investment partners.
- Update policies, procedures and plan documents.
- Oversee the timing of benefit, funding and investment changes.
- Revisit goals, risk tolerance and priorities.
- Review funding status, performance, reserves and payouts.
- Confirm that current strategies remain appropriate.