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CITY OF LAKE ELMO <br />WASHINGTON COUNTY <br />STATE OF MINNESOTA <br />RESOLUTION NO.2023-098 <br />RESOLUTION OPTING TO JOIN THE <br />STATEWIDE VOLUNTEER FIREFIGHTER PLAN <br />WHEREAS, The City is authorized to join the Statewide Volunteer Firefighter <br />Plan administered by the Public Employees Retirement Association (PERA); and <br />WHEREAS, The City and the City's Fire Department Relief Association (if one <br />exists) have jointly consented to and obtained a cost analysis for joining the Statewide <br />Volunteer Firefighter Plan from PERA not more than 120 days ago; and <br />WHEREAS, The City highly values the contributions of City Fire Department <br />members to the safety and wellbeing of our community and wishes to safeguard their <br />pension investments in a prudent manner; and <br />WHEREAS: The existing service pension level for the City Fire Department is <br />currently at the $5,850 pension level per year of service pursuant to current relief <br />association bylaws. <br />NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of <br />Lake Elmo, Minnesota: <br />1) The City hereby approves coverage by and requests participation in the <br />Statewide Volunteer Firefighter Plan administered by PERA under the terms provided in <br />the PERA cost analysis at the $7,000 pension level per year of service, effective January <br />1, 2024; and <br />2) The City hereby approves coverage by and requests participation in the <br />Statewide Volunteer Firefighter Plan administered by PERA under the terms provided in <br />the PERA cost analysis with the vesting schedule beginning at 40% after 5 years of <br />service, increasing by 4% each year until 100% vesting is reached after 20 years of <br />service; and <br />3) The City Clerk/Administrator and Mayor are hereby authorized to execute <br />all documents necessary to effectuate the intent of this resolution. <br />APPROVED by the Lake Elmo City Council on this 117th day of October, 2023. <br />By: 6. 9, <br />Charles Cadenhead <br />Mayor <br />ATTEST: <br />J nsoCrClerk <br />