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FINANCE AND PENSION

 

Dawn Sykes
CFO
Finance

Finance:  
Dawn Sykes

     The Finance Division works as a liaison for IFD with the City Controllers Office and the Chief Financial Officer (CFO) for the Department of Public Safety.  Upon receipt of guidance information established by the Controllers Office, the Finance Division is responsible for the maintenance and dispersal of IFD's budget.  Like any large organization, most of IFD's budget (approximately 85.4%) is used to pay for personnel costs like salaries and health insurance.

There are five characters (sections) in the IFD budget:

Indianapolis Fire Department
Operating Budget
SECTION SUBSECTIONS BUDGET %
Personnel Service
Character I
Salaries
Overtime
Insurance
Employee Assistance Program
Pensions
State and Federal Programs
85.4%
Materials and Supplies
Character II
General Office Supplies
Computer Supplies
Building Materials
Repair Parts
Garage and Motor Supplies
Medical and Food Supplies
Uniforms
2.4%
Services
Character III
Professional Services
Temporary Services
Waste Collection
Postage
Utilities
Infrastructure Maintenance
Advertising
Legal Settlements and Judgments
5.9%
Properties & Equipment
Character IV
Land
Buildings
Vehicles
Lease & Rental Equipment
3.7%
Internal Charges
Character V
Fleet Maintenance
Central Services
2.6%

 

Dave Harman
Captain
Pension Secretary

Pension Office: 
Captain Dave Harman

     The purpose of the Indianapolis Fire Department Pension Division is to keep records on each pensioner's taxes, insurance, and benefits status and to disperse the appropriate pension payments.  This office also assists the families of both retired and active firefighters at the time of death and is the official representative of the Indianapolis Fire Department at the funeral.  The Pension Division is dedicated to serving the retired officers and their dependents.  The division is committed to the enforcement of laws protecting the Pension Fund.  The division is also committed to educating active officers in preparation for their retirement.

     Firefighters who retire with 20 years-of-service are eligible to receive 50% of the annual pension base.  Firefighters who retire with more than 20 years-of-service are eligible for greater percentages of the pension base.  Pensioners would receive the 50% of the pension base, plus one percent for each six-month period served over 20 years, up to a maximum of 74%.  Monthly pension benefits are derived by using the pension base multiplied by the percentage to be received by the pensioners.  There are currently about 1000 individuals receiving pension benefits, including firefighters on pension, firefighters on disability pension, and widows and children of retired firefighters.

     There are actually two pension programs for Indianapolis firefighters.  Those firefighters who were hired before 1977 are paid through the City of Indianapolis.  Those hired after 1976 are paid through the State of Indiana Public Employee Retirement Fund (PERF).  The firefighter who is the longest active member on the IFD pension has been receiving benefits for over 40 years.  He is Paul Morgan, who retired October 18, 1963.  The oldest firefighter currently receiving pension benefits is Everett Herman, who was born October 21, 1913.