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MEMO TO: MAYOR AND CITY COUNC L <br />FROM: CLERK-ADMINISTRAT <br />DATE: DECEMBER 16, 1985 <br />SUBJECT: SPRING LAKE PARK FIREMEN'S RELIEF' ASSOCIATION <br />BENEFIT INCREASE REQUEST <br />Staff received a ccpy of an Actuarial Valuation and Benefit <br />Study as of January 1, 1985 performed by the Wyatt Company <br />for the Spring Lake Park Firemen's Relief Association. This <br />report confirms the unaudited information previously provided <br />by the Fire Department when they submitted their initial <br />request to the cities. Attached please find a copy of Page <br />4 of the report which indicates that the results of the study <br />indicate that a increase in the Plan in the amount of $2.00 <br />can be made without requiring any additional contributions <br />from the cities as the cost for the $2.00 increase will be <br />less than the amount received by the Department from the <br />cities and state in 1984. <br />IEIVMMirviT iOti: Staff would Ccorjnend Council Aannt the <br />- <br />attache— d Resolution No. 1963 Authorizing An Increase in <br />Benefits By the Spring Lake Park Firemen's Relief Association. <br />DFP/m7s <br />Attachment. <br />