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AGENDA ITEM C <br />Staff Originator Milo Bennett <br />Date February 3, 1998 <br />Topic Firefighter Pension <br />BACKGROUND <br />The firefighter pension fund has enough money to allow for an increase in the pension <br />benefit. This would increase the benefit from $2400 per year of service to $3000 per year <br />of service. The attached documents have been presented to the Fire District Steering <br />Committee and they have approved the increase to be forwarded to the city council for <br />their approval. The actual motion contained a stipulation that the cities contribution <br />would not exceed planned amounts. <br />OPTIONS <br />Approve a motion to increase the firefighter pension to $3000 per year of service with <br />the condition that the cities will not increase their contribution above the planned <br />amounts. <br />Deny the pension increase. <br />RECOMMENDATION <br />Approve the motion. <br />