HomeMy WebLinkAbout2023-098CITY OF LAKE ELMO
WASHINGTON COUNTY
STATE OF MINNESOTA
RESOLUTION NO.2023-098
RESOLUTION OPTING TO JOIN THE
STATEWIDE VOLUNTEER FIREFIGHTER PLAN
WHEREAS, The City is authorized to join the Statewide Volunteer Firefighter
Plan administered by the Public Employees Retirement Association (PERA); and
WHEREAS, The City and the City's Fire Department Relief Association (if one
exists) have jointly consented to and obtained a cost analysis for joining the Statewide
Volunteer Firefighter Plan from PERA not more than 120 days ago; and
WHEREAS, The City highly values the contributions of City Fire Department
members to the safety and wellbeing of our community and wishes to safeguard their
pension investments in a prudent manner; and
WHEREAS: The existing service pension level for the City Fire Department is
currently at the $5,850 pension level per year of service pursuant to current relief
association bylaws.
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of
Lake Elmo, Minnesota:
1) The City hereby approves coverage by and requests participation in the
Statewide Volunteer Firefighter Plan administered by PERA under the terms provided in
the PERA cost analysis at the $7,000 pension level per year of service, effective January
1, 2024; and
2) The City hereby approves coverage by and requests participation in the
Statewide Volunteer Firefighter Plan administered by PERA under the terms provided in
the PERA cost analysis with the vesting schedule beginning at 40% after 5 years of
service, increasing by 4% each year until 100% vesting is reached after 20 years of
service; and
3) The City Clerk/Administrator and Mayor are hereby authorized to execute
all documents necessary to effectuate the intent of this resolution.
APPROVED by the Lake Elmo City Council on this 117th day of October, 2023.
By: 6. 9,
Charles Cadenhead
Mayor
ATTEST:
J nsoCrClerk