You trusted us. We invested in you.
Here’s the payoff.
We’ve been waiting for it, working for it, and watching it grow.
Now, the Retirement Security Fund is here.
The Retirement Security Fund, or RSF, is a medical benefit for Seattle Fire Fighters. Starting in 2020, every eligible retiring member of Local 27 will receive a monthly benefit to help pay for one of the biggest costs in retirement: medical expenses. The benefit lasts for seven years, and the money is deposited into your RSF account once every quarter.
- Puts retirement timing in your hands.
- Makes your retirement more financially feasible by lowering your retirement medical costs.
The Retirement Security Fund gives you some breathing room in retirement.
Who is eligible?
You don’t need to track when you are eligible for the RSF.
You will be notified by email and printed mail, when you qualify for eligibility.
To be eligible for the Retirement Security Fund, you must:
Be a member of Local 27 bargaining unit who retired on or after January 1, 2018.
Served the most recent 20 years in the Local 27 bargaining unit.
Served your most recent 15 years of service in the bargaining unit represented by Local 27 and turned 50 at the time of your separation.
How did we get here?
Back before we withdrew from the City's healthcare plan, a bunch of Seattle Fire Fighters got together and asked, “If we were in charge of our own healthcare benefits, what could we do with any possible savings?” High on our list was making medical costs in retirement more affordable so that members could have more control over when they retire.
And we did it! Over the years we grew our reserves until we reached a sustainable level. Then, we developed the Retirement Security Fund with our benefits partners, BPAS and Vimly, who will be managing it day-to-day. It took a long time to get here, but now that it's here, we can all breathe a bit easier.
The Retirement Medical Calculator
Wondering when you can retire? The Retirement Medical Calculator is a handy tool that helps you estimate your monthly medical costs in retirement.