VOLSAP INFORMATION

Click Here to View an Introductional Video for VOLSAP 

Click Here to View an Overview of VOLSAP

 

For Those Who Serve Virginia: VOLSAP Helps Volunteers Save

Every day, volunteer firefighters and rescue squad workers save lives and protect property in communities across Virginia. While they serve others, VOLSAP can help first responders save for the future.

The Virginia Volunteer Firefighters’ & Rescue Squad Workers’ Service Award Program, known as VOLSAP, is an optional savings plan for volunteer firefighters and rescue squad workers throughout the Commonwealth. Use VOLSAP as part of your strategy to recruit and retain volunteers.

How Does the Program Work?

  • Volunteers contribute money quarterly, and a representative from the department or squad submits the contributions on their behalf. The department, squad, or local government may elect to make the contributions on behalf of the members.
     
  • In addition to member contributions, a department, squad, or local government may appropriate funds to match a portion of member contributions.
     
  • Contributions are invested alongside the Virginia Retirement System (VRS) pension trust fund in a widely diversified portfolio.

How Volunteers Save With VOLSAP

  • Eligible volunteers complete the application and submit it with a check for $30, $60 or $90 (first quarterly contribution) to the department or squad’s fund representative.
  • The Virginia Retirement System, the plan administrator, sends annual statements to members’ departments or squads.
  • Members must reach age 60 with at least five years of qualifying service to be eligible for a full account distribution that includes any investment returns and matching funds. Members taking a distribution before age 60 receive only the member-paid contributions, plus any investment returns.

Promotional Resources
Spread awareness about this savings opportunity among your volunteers by downloading promotional material at volsap.org. You’ll find a program overview video and presentation, brochures and flyers. The website also has links to required forms, a procedures guide and other program details.

Questions?
Contact volsap@varetire.org.

 

Click Here to View an Introductional Video for VOLSAP  - VIDEO 

Click Here to View an Overview of VOLSAP - VIDEO