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