NYS LOSAP Audit Requirements
Important facts you need to know about New York State LOSAP audit requirements can be found here.
Penflex Increases Actuarial Staff:
In response to our growing client list and in order to continue providing best-in-class service to the volunteer forces we serve Penflex has added another accredited acturay to our staff. Please help us welcome Kati Buccinna, ASA, EA, MAAA to our office. She looks forward to helping us further our goal of helping volunteer firefighter and emergency service workers nationwide use LOSAP plans to recruit and retain members.
Penflex - The LOSAP Experts for Two Decades:
Penflex specializes in administering length of service award programs (LOSAP) that are simple, pension-like plans used to recruit and retain volunteer firefighters and ambulance workers.
In addition, Penflex is one of few firms experienced in the consolidation of one or more departments and their accompanying LOSAP programs. Penflex can ensure a smooth transition with personalized advice and actuarial expertise to those volunteer departments that are merging one or more departments into a single house with one well maintained and properly funded LOSAP.
Penflex offers consulting, actuarial and administrative services. The firm, located in Latham, NY, currently provides these services for more than 400 nationwide LOSAP plans used by emergency services organizations.
Actuary Ed Holohan is the President and founder of Penflex, Inc., and an Associate of the American Society of Actuaries (ASA). Ed has authored numerous articles on LOSAP law and has been working with volunteer emergency service providers for more than 20 years and with government officials for three decades. Ed has assisted state and federal legislators in drafting legislation, rules and regulations affecting service award programs.
To read about more about the steps involved in creating a successful LOSAP click here!
To contact Penflex with questions about LOSAP programs click here. You can also call Penflex with LOSAP questions at: 1.800.742.1409.