The SBI provides a broad range of investment options to Volunteer Fire Relief Associations, the Statewide Volunteer Firefighter Plan, and Other Public Retirement Funds.
Eligible Volunteer Fire Relief Associations who invest with the SBI can either invest in the SBI's Supplemental Investment Fund (SIF) platform or the Statewide Volunteer Firefighter (SVF) Plan; Other Public Retirement Plans can investment in the SIF platform.
- The SIF assets are invested by the SBI and Volunteer Fire Relief Associations and Other Public Retirement Plans are responsible for selecting the investment options for their own plans.
- The SVF Plan is different in that it invests in a Fund with a diversified allocation to four asset class groups and the Plan is administered by Public Employees Retirement Association (PERA).
Eligible Investment Options For Fire Reliefs + Other Public Retirement Plans
|
Investment Program / Plans |
SIF Asset Class Pools | Volunteer Firefighter Account1 | Stable Value Fund | Money Market Fund | ||||
|---|---|---|---|---|---|---|---|---|
| U.S. Equity Index Fund | U.S. Actively Managed Fund | Broad Int'l Equity Fund | Bond Fund | Balanced Fund | ||||
| Fire Relief Plans + Other Public Retirement Plan | ||||||||
| Volunteer Fire Relief Associations | ||||||||
| Statewide Volunteer Firefighter Retirement Plan | ||||||||
| Other Public Retirement Plan | ||||||||
| 1 Volunteer Firefighter Account provides a balanced investment allocation using the respective pooled investment options. | ||||||||
The Volunteer Fire Relief Associations and Other Public Retirement Plans are eligible to invest in the Asset Class Pools offered in the Supplemental Investment Fund (SIF) Platform and the Money Market Fund. The Stable Value Fund is not an eligible option.
The Statewide Volunteer Firefighter Retirement Plan (SVF Plan) uses the Volunteer Firefighter Account, a diversified fund invested in U.S. equity, international equity, fixed income, and cash.