CFA Volunteer Welfare Fund

Funding

In May 2008, The State Government committed to providing a one off capital injection of $2m to establish a self-sustaining welfare fund for all CFA volunteers. These funds combined with funds held by the VUFBA Volunteer Welfare Fund, which has been providing support to urban volunteers since 1913, have been invested and the return on these investments together with annual subscription fees will be used to provide ongoing support to volunteers.

The annual contribution fee will be set annually by the Welfare Fund Committee of Management and approved by the VFBV Board. The setting of the fee may be adjusted either up or down each year to ensure the Fund’s capital base is not eroded.

Key Funding Principles are:

• Fund must maintain its capital value in real terms
• Brigade contribution fees are essential to the fund but need to be affordable