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#16 - Statewide Volunteer Firefighter Pension Increase
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#16 - Statewide Volunteer Firefighter Pension Increase
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<br /> <br /> <br />CITY OF LAKE ELMO <br />WASHINGTON COUNTY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION NO. 2024-131 <br /> <br />A RESOLUTION OPTING TO INCREASE THE BENEFIT LEVEL FOR <br />FIREFIGHTERS WHO ARE VESTED IN THE STATEWIDE VOLUNTEER <br />FIREFIGHTER PLAN <br /> <br />WHEREAS: The City previously authorized the fire department to join the <br />Statewide Volunteer Firefighter Plan administered by the Public Employees Retirement <br />Association (PERA); and <br /> <br />WHEREAS: The City requested and obtained a cost analysis of increasing the <br />benefit level for firefighters who are vested in the Statewide Volunteer Firefighter Plan <br />from PERA not more than 120 days ago; and <br /> <br />WHEREAS: The City understands that Minnesota statutes do not have provisions <br />for a decrease in benefit levels; and <br /> <br />WHEREAS: The City highly values the contributions of City Fire Department <br />members to the safety and well being of our community and wishes to safeguard their <br />pension investments in a prudent manner. <br /> <br />NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of <br />Lake Elmo, Minnesota: <br /> <br />1) The City hereby approves an increase in the benefit level for firefighters <br />who have completed at least 5 years of good time service credit as a <br />member of the Statewide Volunteer Firefighter Plan administered by <br />PERA at the $8,000.00 benefit level per year of service, effective January <br />1, 2025; and <br /> <br />2) The City Clerk/Administrator and Mayor are hereby authorized to execute <br />all documents necessary to effectuate the intent of this resolution. <br /> <br />APPROVED by the Lake Elmo City Council on this 3rd day of December, 2024. <br /> <br /> By: __________________________ <br /> Charles Cadenhead <br /> Mayor <br />ATTEST: <br /> <br />________________________________ <br />Julie Johnson, City Clerk
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