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Employee Pensions <br /> All full-time and certain part-time employees of the City of St. Anthony are covered by defined <br /> benefit pension plans administered by the Public Employees Retirement Association of <br /> Minnesota (PERA). The PERA administers the Public Employees Retirement Fund (PERF) and <br /> the Public Employees Police and Fire Fund (PEPFF) which are cost-sharing multiple-employer <br /> public employee retirement plans. PERF members belong to either the Coordinated Plan or the <br /> Basic Plan. Coordinated members are covered by Social Security and Basic members are not. <br /> All new members must participate in the Coordinated Plan. All police officers, fire fighters and <br /> peace officers who qualify for membership by statute are covered by the PEPFF. The City's <br /> contribution for employees covered by PERA for the year ended December 31, 1996 was <br /> $176,702, as compared to a contribution of $171,350 in 1995. <br /> The St. Anthony Firefighters Relief Association is the administrator of a single employer <br /> retirement system established to provide pension and other benefits to its membership in <br /> accordance with Minnesota Statutes. The Association maintains a separate Special Fund to <br /> accumulate assets to fund the retirement benefits earned by its membership. Funding of the <br /> Association is derived primarily from an insurance premium tax in accordance with the <br /> Volunteer Firefighter's Relief Association Financing Guidelines Act of 1971. <br /> - 15 - <br />