One Percent

Defining One Percent Funds

One Percent money is the taxpayer-funded life source for South Carolina fire departments, granting them the financial ability to provide additional benefits for its members. Career, volunteer and combination departments are all eligible to receive funds if parameters are met.

The South Carolina State Firefighters’ Association is charged by state law with the fiduciary responsibility of One Percent, legally referenced as the Firemen’s Insurance & Inspection Fund. The Association demonstrates its fiduciary responsibility by conducting yearly audits on member fire department’s One Percent accounts.

South Carolina fire departments receive over $18 million dollars annually in One Percent funds, meant to be used to benefit firefighters by providing benefits and paying for expenses that the regular department resources do not provide; however, there are many regulations tied to these dollars.

Firemen’s Insurance and Inspection Fund (1%) Handbook

 

Managing Funds

Departments in Good Standing

We would like to acknowledge the departments that are in “Good Standing” with the Association.  Our Constitution and By-Laws states for a department to be in “Good Standing” they must do the following:

  1. Select and confirm their voting members by January 1st
  2. Remit SCSFA Dues by January 1st
  3. Submit all required forms (Form 206 & 207) by January 31st
  4. For departments that are required to have an audit, they must obtain a passing grade 

As of the date indicated for this document, the member departments that are listed here are in “Good Standing” and have met their requirements to be eligible to receive this year’s current 1% distribution from their County Treasurer.  If your department is not listed under your county’s list, please contact the us at 800-277-2732 to discuss the reason.

1% Regional Training

Every year there are departments that are losing their One Percent funds because they are not complying with the requirements and regulations. It is critical that your fire department has multiple people who are familiar with the accounting practices and regulations of the One Percent funds as to avoid losing the funding. The One Percent training classes walk you through these practices and regulations so that you can ensure your audit comes back blemish-free.

Register for a Training

 

Contact Us

Our staff is here to assist and answer questions. Please email or give us a call if you have any questions about managing your One Percent Funds.

Kim Bowman, One Percent Retirement Account Coordinator
O: 803-529-1370
Email: [email protected]

Jeff Oswald, One Percent & Member Services Coordinator
Phone: 803-454-6595
Email: [email protected]

Jana Kassianos, 1% Accounting Services
Phone: 803-939-5900
Email: [email protected]