Fishers Fire District

Fishers Fire District NOTICE OF PUBLIC REFERENDUM Please take notice that pursuant to General Municipal Law Section 216, a public referendum of eligible residents of the Fishers Fire District in the Fishers Fire District will take place on Friday, December 5, 2025, between the hours of 3:00 PM and 7:00 PM at Victor Town Hall, located at 85 E. Main Street, Victor, NY, Ontario County, State of New York for the purpose of voting upon the following proposition: THE FIRE COMMISSIONERS OF THE FISHERS FIRE DISTRICT ADOPTED A RESOLUTION ON OCTOBER 21 AUTHORIZING, PURSUANT TO ARTICLE 11-A OF THE GENERAL MUNICIPAL LAW OF THE STATE OF NEW YORK, A PUBLIC REFERENDUM OF ELIGIBLE VOTERS OF THE FISHERS FIRE DISTICT. THE RESOLUTION SEEKS APPROVAL TO ABOLISH (TERMINATE) THE DEFINED BENEFIT SERVICE AWARD PROGRAM, WHICH WAS ESTABLISHED EFFECTIVE JANUARY 1, 2006, AND IS ADMINISTERED BY THE FIRE COMMISSIONERS OF THE FISHERS FIRE DISTRICT FOR ACTIVE VOLUNTEER FIREFIGHTER MEMBERS OF THE FISHERS VOLUNTEER FIRE ASSOCIATION INC. THE ABOLISHMENT OF THE FISHERS FIRE DISTRICT SERVICES WAS EFFECTIVE OCTOBER 1, 2025, LEAVING ONY DISTRIBUTION OF PAYMENTS FOR PARTICIPANTS TO BE MADE. ALL PROGRAM PARTICIPANTS WHO HAVE EARNED SERVICE AWARDS WILL RECEIVE A ONE-TIME LUMP SUM PAYMENT FROM THE ACCUMULATED ASSETS OF THE PROGRAM TRUST FUND AS OF JANUARY 1, 2025. THE PROGRAM'S FUNDED RATIO WAS 107%, ACCORDING TO THE ACTUARIAL VALUATION REPORT PREPARED BY THE PROGRAM ACTUARY. THE MARKET VALUE OF ASSETS IN THE TRUST FUND AS OF DECEMBER 31, 2024, WAS $511,895. PARTICIPANTS SHALL RECEIVE A ONE-TIME LUMP SUM EQUAL TO A PROPORTIONATE AMOUNT OF THE ACTUARIAL PRESENT VALUE OF THEIR ACCRUED MONTHLY SERVICE AWARD, TO THE EXTENT FUNDED BY TRUST FUND ASSETS. THIS AMOUNT SHALL BE REDUCED BY ANY SERVICE AWARDS PREVIOUSLY PAID. THE ACTUARIAL PRESENT VALUE CALCULATIONS WILL BE BASED ON THE ACTUARIAL ASSUMPTIONS USED IN THE JANUARY 1, 2025, ACTUARIAL VALUATION REPORT. THE FISHERS FIRE DISTRICT WILL ALSO PAY A ONE-TIME ADMINISTRATIVE FEE OF $8,700 FROM FUNDS SEPARATE FROM PROGRAM ASSETS TO PENFLEX ACTUARIAL SERVICES, LLC, THE ADMINISTRATOR OF THE SERVICE AWARD PROGRAM FOR ADMINISTRATICE SERVICES. THE FIRE DISTRICT WILL ALSO PAY $750 FOR LOSAP AUDIT PREPARATION SERVICES. THEREFORE, SHALL THE RESOLUTION TO ABOLISH THE FISHERS FIRE DISTRICT SERVICE AWARD PROGRAM BE APPROVED AND PAY PARTICIPANTS THEIR EARNED SERVICE AWARD. Please take further notice that a copy of the aforesaid resolution is available for inspection at the Station 2, 380 High Street, Victor, NY, and that every person who shall be a registered voter and who shall have resided in the Fishers Fire District for a period of thirty days immediately preceding the referendum shall be eligible to vote upon the proposition. November 4 2025 LNYS0399820