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BBaO FIREFI(RTER!S RELIEF ASSOCIATION <br />5323 14V STREET NORTH <br />BO60, MINNESOTA 55036 <br />(651) 4129-6366 <br />Hugo Firefighter's Relief Association <br />TO: Ronald J. Otkin, Finance Director <br />FROM: Dave Jensen, President <br />DATE: May 5h 2017 <br />SUBJECT: Pension Increase <br />Please be advised that the Board of Trustees voted to increase the lump sum pension <br />benefit from $3,300 per year of service to $3,500 effective May 2nd, 2017. This increase <br />will not require a municipal contribution in calendar year 2017. <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 />Dave Jensen, Pre 'dent <br />