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HUGO FIREFIQHTER'S RELIEF ASSOCIATION <br />5323 140TH STRE—ET NORTH <br />HUGO, MINNESOTA 55038 <br />(651) 429-6366 <br />Hugo Firefighter's Relief Association <br />TO: <br />Ronald J. Otkin, Finance Director <br />FROM: <br />Dave Jensen, President <br />DATE: <br />April 18, 2016 <br />SUBJECT: <br />Pension Increase <br />Please be advised that the Board of Trustees voted to increase the lump sum pension <br />benefit from $3,200 per year of service to $3,300 effective April 19, 2016. This increase <br />will not require a municipal contribution in calendar year 2016. <br />In keeping with past practice, this increase should be ratified by the City Council. Please <br />place this item on an upcoming City Council agenda for ratification. <br />a--Z5"�— - <br />Dave Jensen, Pre eent <br />