Volunteer Firefighter Pension Fund (VFP) Program

The Volunteer Firefighter Pension Fund (VFP) program is managed by the Colorado Division of Local Government and aims to provide a retirement benefit to attract and retain volunteer firefighters. Eligible entities that contribute to a volunteer firefighter pension fund with revenue from local taxes may apply for a state matching contribution, which is determined by statutory calculations. The program is governed under Colorado Revised Statute (C.R.S.) 31-30-1112 and operates annually with a detailed application and review process to ensure compliance. The program is specifically designed for municipalities with populations under 100,000 that operate volunteer fire departments, fire protection districts with volunteer firefighters, county improvement districts with volunteer fire departments, and counties contributing to eligible pension funds. Applicants must demonstrate that they employ "active" pension-eligible volunteer firefighters who meet training requirements (minimum 36 hours annually) and other statutory eligibility criteria. Retired firefighters qualify for pension benefits after completing 20 years of service and reaching the age of 50, though partial benefits may be approved for shorter service if deemed actuarially sound. Funding for the program comes from state contributions that match local tax revenues allocated to pension funds in the prior calendar year. Contributions may include property taxes, sales taxes, or other taxes authorized by law. Additional non-tax contributions such as grants and gifts can also be considered. However, plans offering benefits exceeding $300 per month must provide supporting actuarial documentation to confirm funding adequacy. The application requires audited financial statements or equivalent documentation to verify local contributions. Applications are accepted annually through an online portal, which opens on September 1 and closes on October 31. Entities applying for state contributions must complete detailed sections of the application regarding the pension fund’s membership, benefit levels, tax contributions, and other financial details. Supporting documentation, such as actuarial studies for higher benefit levels or statements verifying contributions, is required for timely consideration. State matching funds are distributed in two phases, typically in November and December, with the program’s year concluding on May 31. Key dates for 2024 include an informational webinar on August 19, the application portal opening on September 1, and the submission deadline of October 31. Initial state contributions will be distributed on November 15, followed by a second round on December 18. Late applications may be considered if supported by appropriate documentation, but delays could impact funding timelines. Additional resources and contacts are available to assist applicants, including guides for navigating the application portal and program-specific FAQs. Questions can be directed to program staff, such as Harold Smith (Program Manager) or Claire Kreycik (Program Assistant). Entities are encouraged to consult these resources early to ensure compliance and successful application submission.