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Relief Association Comparisons
<br />Lump Sum Plans Only
<br />2014
<br />2015
<br />Name
<br />2016 Aid
<br />Variable
<br />Lump Sum
<br />Lump Sum
<br />International Falls City of
<br />$
<br />64,522
<br />-20.26%
<br />Thief River Falls, City of
<br />$
<br />68,096
<br />-15.84%
<br />East Grand Forks, City of
<br />$
<br />68,281
<br />-15.61%
<br />North Branch City of
<br />$
<br />68,347
<br />-15.53%
<br />St. Peter City of
<br />$
<br />68,480
<br />-15.37%
<br />Waseca City of
<br />$
<br />69,664
<br />-13.91%
<br />North Mankato City of
<br />$
<br />69,719
<br />-13.84%
<br />Princeton City of
<br />$
<br />69,828
<br />-13.70%
<br />Zimmerman City of
<br />$
<br />70,451
<br />-12.93%
<br />Mahtomedi City of
<br />$
<br />75,564
<br />-6.610,6
<br />4,900
<br />$
<br />4,900
<br />Vadnais Heights City of
<br />$
<br />77,745
<br />-3.92%
<br />3,600
<br />$
<br />3,600
<br />Isanti City of
<br />$
<br />79,019
<br />-2.34%
<br />3,800
<br />$
<br />5,500
<br />Becker City of
<br />$
<br />79,778
<br />-1.41%
<br />3,100
<br />$
<br />3,100
<br />New Prague City of
<br />$
<br />80,395
<br />-0.64W
<br />3,050
<br />$
<br />3,375
<br />Hugo City of
<br />$
<br />80,916
<br />Park Rapids City of
<br />$
<br />82,133
<br />1.50%1
<br />3,000
<br />$
<br />3,000
<br />Waconia, City of
<br />$
<br />82,948
<br />2.51W
<br />2,650
<br />$
<br />3,500
<br />Little Falls City of
<br />$
<br />85,645
<br />5.84U6
<br />3,000
<br />$
<br />3,000
<br />Ham Lake City of
<br />$
<br />86,893
<br />7.39'0
<br />3,200
<br />$
<br />3,400
<br />Fergus Falls City of
<br />$
<br />92,376
<br />14.16%
<br />St. Michael City of
<br />$
<br />92,779
<br />14.66%
<br />Sartell City of
<br />93,264
<br />15.26%
<br />Rogers City of
<br />$
<br />94,896
<br />17.28%
<br />Detroit Lakes, City of
<br />$
<br />95,838
<br />18.44%
<br />Big Lake, City of
<br />$
<br />95,867
<br />18.48%
<br />Number of Relief Associations (not including
<br />Hugo)
<br />9
<br />9
<br />Lowest
<br />$
<br />2,650
<br />$
<br />3,000
<br />Highest
<br />$
<br />4,900
<br />$
<br />5,500
<br />Average (not including Hugo)
<br />State -Wide Average
<br />$
<br />1,562
<br />$
<br />1,653
<br />OPTIMUM PENSION BENEFIT LEVEL
<br />Based on the adopted formula, the
<br />optimum pension benefit level for the Relief Assn is:
<br />3,708
<br />per
<br />year of service.
<br />$ 3,300
<br />Hugo's Current Level
<br />$ 3,500
<br />Proposed Level
<br />
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