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Lino Lakes, Minnesota <br />Fire Pension Impacts <br />Page 4 <br />Looking at impacts to firefighters of varying years of service with CFD, we see the following: <br />Example 1: A firefighter with 7 years of <br />service in CFD can choose to transfer to <br />Lino Lakes, or to remain with CFD. This <br />firefighter is not yet vested in the CFD <br />plan, so he or she would be eligible for $0 <br />from CFD upon transferring to Lino Lakes. <br />After 13 years of service with Lino Lakes, <br />the firefighter would receive $46,800 from <br />Lino Lakes ($5,000 x 13 yrs of svc x 72% <br />vested), under either plan. <br />If the firefighter remained at CFD, after the <br />full 20 years their pension amount would <br />be $90,000 ($4,500 x 20 yrs of svc x <br />100% vested). <br />$100,000 <br />$80,000 <br />$60,000 <br />$40,000 <br />$20,000 <br />$- <br />Firefighter with 7 Yrs of Svc <br />Stay with CFD Move to LLFD Move to LLFD <br />(SVFRP) (Relief Assn) <br />• CFD Pension • LLFD Pension <br />Example 2: A new recruit choosing between the two entities would look at a 20 -year pension amount of $90,000 <br />from CFD ($4,500 x 20 yrs of svc x 100% vested) or $100,000 from Lino Lakes ($5,000 x 20 yrs of svc x 100% <br />vested). The Lino Lakes amount is the same, whether the City chooses SVFRP or a Fire Relief Association plan. <br />$100,000 <br />$80,000 <br />$60,000 <br />$40,000 <br />$20,000 <br />$- <br />New Recruit <br />Stay with CFD Move to LLFD Move to LLFD <br />(SVFRP) (Relief Assn) <br />• CFD Pension • LLFD Pension <br />