Page 10

Fire Lines

NO. 1 2009

COMPENSATION ACCRUAL FUND OF THE UNIFORMED FIREFIGHTERS ASSOCIATION OF GREATER NEW YORK - LOCAL 94 I.A.F.F., AFL-CIO 204 EAST 23RD STREET, NEW YORK, NY 10010 TEL: (212) 683-4723 FAX: (212) 683-0693

To:

All Participants

From:

Board of Trustees

Re:

Annual Membership Report

Page 10 TRUSTEES: STEPHEN J. CASSIDY Chairman ROBERT STRAUB Treasurer JAMES M. SLEVIN JOSEPH A. MICCIO WILLIAM ROMAKA JOHN G KELLY, JR. DONALD RULAND STEPHEN G. HUMENESKY EDWARD BROWN DANIEL MURPHY

In compliance with Directive 12, Employee Benefit Funds – Uniform Reporting and Auditing Requirements, issued by the Office of the Comptroller of the City of New York, set forth below is a report of the financial condition and operations of the Fund for the fiscal year ended December 31, 2007. The Compensation Accrual Fund of the Uniformed Firefighters Association is a defined contribution pension plan that provides retirement benefits to New York City firefighters, fire marshals, marine engineers, pilots, and uniformed wipers pursuant to collective bargaining agreements between the City of New York and the Uniformed Firefighters Association of Greater New York, Local 94, I.A.F.F., AFL-CIO (the UFA). Participants are eligible to participate in the plan on the date they commence employment. Benefits are funded through employer contributions, which are established by the collective bargaining agreements. The value of Fund assets, after subtracting liabilities of the Fund, was $124,980,773 as of December 31, 2007, compared to $116,737,438 as of January 1, 2007. During the fiscal year the Fund experienced an increase in its net assets available for benefits of $8,243,335. Additions to the Fund totaled $17,598,852. These additions included investment income of $7,388,663, and contributions of $10,210,189. Deductions from the Fund totaled $9,355,517. These deductions included benefits paid to participants of $9,031,175 and administrative expenses of $324,342. For additional information write or call: Board of Trustees Compensation Accrual Fund of the Uniformed Firefighters Association 204 East 23rd Street New York, NY 10010 (212) 683-4723

www.ufanyc.org

The Fire Lines - January 2009  

The Official Publication of The Uniformed Firefighters Association of Greater New York - UFANYC.org

The Fire Lines - January 2009  

The Official Publication of The Uniformed Firefighters Association of Greater New York - UFANYC.org

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