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#16 - Statewide Volunteer Firefighter Pension Increase
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#16 - Statewide Volunteer Firefighter Pension Increase
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8/4/2025 4:31:47 PM
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4/1/2025 12:20:01 PM
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<br /> <br />City of Lake Elmo Volunteer Fire Department <br /> <br />Table of Contents <br />Cover Letter - <br /> <br />Executive Summary 1 <br /> Summary of Results................................................................................................................................ 1 <br /> <br />Valuation Results 2 <br /> Financial Requirement for Following Calendar Year .............................................................................. 2 <br /> Benefit Level Analysis ............................................................................................................................. 2 <br /> Projection of Accrued Liability ............................................................................................................... 3 <br /> Projection of Assets ................................................................................................................................ 3 <br /> (Gain) / Loss ............................................................................................................................................ 3 <br /> Cost Impact of Increase in Benefit Level ................................................................................................ 4 <br /> <br />Summary of Participant Data ........................................................................................................................ 5 <br /> <br />Assessment of Risk ........................................................................................................................................ 6 <br /> <br />Low-Default-Risk Obligation Measure ......................................................................................................... 7 <br /> <br />Methods and Assumptions ........................................................................................................................... 8 <br /> <br />Summary of Plan Provisions ......................................................................................................................... 9 <br /> <br />Plan Member Detail .................................................................................................................................... 10 <br /> <br /> <br />
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