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Relief Association Comparisons
<br />Lump Sum Plans Only
<br />2014
<br />Name
<br />2015 Aid
<br />Variable
<br />Lump Sum
<br />Litchfield, City of
<br />$
<br />63,241
<br />-22.44%
<br />$
<br />2,200
<br />International Falls City of
<br />$
<br />64,838
<br />-20.48%
<br />$
<br />2,900
<br />North Branch City of
<br />$
<br />67,145
<br />-17.65%
<br />$
<br />3,200
<br />Zimmerman City of
<br />$
<br />68,407
<br />-16.11%
<br />$
<br />3,600
<br />Princeton City of
<br />$
<br />68,591
<br />-15.88%
<br />$
<br />2,875
<br />St. Peter City of
<br />$
<br />68,622
<br />-15.84%
<br />$
<br />2,400
<br />North Mankato City of
<br />$
<br />68,907
<br />-15.49%
<br />$
<br />3,000
<br />Waseca City of
<br />$
<br />71,404
<br />-12.43%
<br />$
<br />3,700
<br />Cambridge City of
<br />$
<br />73,120
<br />-10.33%
<br />$
<br />3,500
<br />Mahtomedi City of
<br />$
<br />73,627
<br />-
<br />$
<br />4,900
<br />Isanti City of
<br />$
<br />76,550
<br />-6.12%
<br />$
<br />3,800
<br />Vadnais Heights City of
<br />$
<br />76,666
<br />-5.98%
<br />$
<br />3,600
<br />New Prague City of
<br />$
<br />78,903
<br />-3.23%
<br />$
<br />3,050
<br />Becker City of
<br />$
<br />78,992
<br />-3.12%
<br />$
<br />3,100
<br />Hugo City of
<br />$
<br />81,540
<br />Park Rapids City of
<br />$
<br />81,746
<br />0.25%
<br />$
<br />3,000
<br />Waconia City of
<br />$
<br />82,948
<br />1.73%
<br />$
<br />2,650
<br />Little Falls City of
<br />$
<br />84,825
<br />4.03%
<br />$
<br />3,000
<br />Ham Lake City of
<br />$
<br />85,571
<br />4.94%
<br />$
<br />3,200
<br />St. Michael City of
<br />$
<br />91,413
<br />12.11%
<br />$
<br />2,700
<br />Fergus Falls City of
<br />$
<br />91,458
<br />12.16%
<br />$
<br />4,100
<br />Sartell City of
<br />91,717
<br />12.48%
<br />$
<br />3,212
<br />Rogers City of
<br />$
<br />91,996
<br />12.82%
<br />$
<br />2,875
<br />Detroit Lakes, City of
<br />$
<br />92,898
<br />13.93%
<br />$
<br />5,400
<br />Hopkins, City of
<br />$
<br />99,843
<br />22.45%
<br />$
<br />6,100
<br />Number of Relief Associations (not including Hugo)
<br />9
<br />Lowest
<br />$
<br />2,650
<br />Highest
<br />$
<br />4,900
<br />Average (not including Hugo)
<br />$
<br />3,367
<br />State -Wide Average
<br />$
<br />1,562
<br />OPTIMUM PENSION BENEFIT LEVEL
<br />Based on the adopted formula, the optimum pension benefit level
<br />for the Relief Assn is:
<br />$ 3,367
<br />per
<br />year of service.
<br />$ 3,200
<br />Hugo's Current Level
<br />$ 3,300
<br />Proposed
<br />Level
<br />
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