Penflex

For more than 30 years, Penflex and McNeil & Co. have been providing specialized services to fire and EMS organizations.

Now, backed by our combined expertise and commitment our current and prospective clients have a broad range of services they may select from to better position their organization for the future.

Penflex Actuarial Services, LLC provides comprehensive administrative, actuarial and consulting for Length of Service Award Programs (LOSAP) for volunteer firefighting and emergency service organizations.

What is LOSAP?

Length of Service Award Programs (LOSAP) are pension-like programs to help recruit and retain volunteer firefighters and emergency services members. Volunteers are financially awarded based upon their participation and the number of dedicated years they serve their community.

Penflex employs in-house actuaries to explain LOSAP program funding and provide local municipalities, boards, fire districts and emergency service organizations with key information to aid in selecting the best program for their volunteers. We understand the importance of having a well-rounded and experienced staff that is completely focused on providing exceptional service and acting as a trusted partner with our clients and their volunteers.

• Education in Length of Service Award Programs (LOSAP)
• On-site visits with boards and volunteers
• Guidance and assistance in establishing and administering individual or multiple LOSAP programs
• Assist with the required record keeping of a LOSAP program
• Experienced in-house actuarial staff to create, review reports and answer questions

• Reconciliation of program assets
• Processing of service award payments
• Creation and writing of board resolutions and voter propositions to be reviewed by your legal counsel
• Provide annual plan reports for auditors and individual participant statements
• Trusted resource for LOSAP legislation interpretation