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CITY OF SAINT ANTHONY VILLAGE <br />STATE OF MINNESOTA <br />RESOLUTION 19-073 <br />A RESOLUTION APPROVING PARTICIPATION IN THE VOLUNTARY <br />STATEWIDE LUMP -SUM VOLUNTEER FIREFIGHTER RETIREMENT PLAN <br />WHEREAS: <br />WHEREAS: <br />WHEREAS: <br />WHEREAS: <br />WHEREAS: <br />The City is authorized to join the Voluntary Statewide Lump -Sum Volunteer <br />Firefighter Retirement Plan administered by the Public Employees Retirement <br />Association (PERA); and <br />The City and the City's Fire Department Relief Association have jointly <br />consented to and obtained a cost analysis for joining the Voluntary Statewide <br />Lump -Sum Volunteer Firefighter Retirement Plan from PERA not more than 120 <br />days ago; and <br />The City highly values the contributions of City Fire Department members to the <br />safety and well-being of our community and wishes to safeguard their pension <br />investments in a prudent manner; and <br />The existing benefit level for the City Fire Department is currently at the $3,500 <br />benefit level per year of service; and <br />the City of St. Anthony Village Firefighter Relief Association recommends an <br />increase of the pension benefits to $3,800 benefit level per year of service. <br />NOW THEREFORE BE IT RESOLVED, by the City Council of the City of Saint Anthony <br />Village hereby approves coverage by and requests participation in the Voluntary Statewide <br />Lump -Sum Volunteer Firefighter Retirement Plan administered by PERA under the terms <br />provided in the PERA cost analysis at the $3,800 benefit level per year of service, effective <br />January 1, 2020; and the City manager is hereby authorized to execute all documents necessary <br />to effectuate the intent of this resolution <br />Adopted this 8`" day of October 2019. <br />ATTEST: <br />Nicoe1Miller, City Clerk <br />Review for Administration: <br />J rome O. Faust, Mayor <br />Mark Casey, City M. - ::er <br />