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Relief Association Comparisons
<br />Lump Sum Plans Only
<br />2015
<br />Name
<br />2017 Aid
<br />Variable
<br />Lump Sum
<br />International Falls City of
<br />$
<br />58,110
<br />-27.71%
<br />East Grand Forks, City of
<br />$
<br />67,476
<br />-16.06%
<br />North Branch City of
<br />$
<br />68,299
<br />-15.03%
<br />Princeton City of
<br />$
<br />69,246
<br />-13.86%
<br />St. Peter City of
<br />$
<br />69,532
<br />-13.50%
<br />Waseca City of
<br />$
<br />70,340
<br />-12.50%
<br />North Mankato City of
<br />$
<br />70,469
<br />-12.33%
<br />Zimmerman City of
<br />$
<br />70,601
<br />-12.17%
<br />Thief River Falls, City of
<br />$
<br />70,871
<br />-11.83%
<br />IMahtomedi City of
<br />$
<br />74,458
<br />-7.37%1
<br />$ 4,900
<br />'Vadnais Heights City of
<br />$
<br />77,302
<br />-3.83%I
<br />$ 3,600
<br />Ilsanti City of
<br />$
<br />78,873
<br />-1.88%I
<br />$ 5,500
<br />(Becker City of
<br />$
<br />79,859
<br />-0.65%1
<br />$ 3,100
<br />INew Prague City of
<br />$
<br />80,276
<br />-0.13%1
<br />$ 3,375
<br />IPark Rapids City of
<br />$
<br />80,384
<br />0.00%1
<br />$ 3,000
<br />(Hugo City of
<br />$
<br />81,615
<br />!Waconia, City of
<br />$
<br />85,075
<br />5.84%1
<br />$ 3,500
<br />Ham Lake City of
<br />$
<br />88,456
<br />10.04%
<br />Little Falls City of
<br />$
<br />91,637
<br />14.00%
<br />Fergus Falls City of
<br />$
<br />92,829
<br />15.48%
<br />Sartell City of
<br />94,052
<br />17.00%
<br />St. Michael City of
<br />$
<br />94,081
<br />17.04%
<br />Big Lake, City of
<br />$
<br />95,630
<br />18.97%
<br />Number of Relief Associations (not including
<br />Hugo)
<br />7
<br />Lowest
<br />$ 3,000
<br />Highest
<br />$ 5,500
<br />Average (not including Hugo)
<br />$ 3,854
<br />State -Wide Average
<br />$ 1,653
<br />OPTIMUM PENSION BENEFIT LEVEL
<br />Based on the adopted formula, the optimum pension benefit level for the Relief Assn is:
<br />3,954
<br />per year of service.
<br />$ 3,500
<br />Hugo's
<br />Current Level
<br />$ 3,700
<br />Proposed Level
<br />2016
<br />Lump Sum
<br />$ 4,900
<br />$ 3,600
<br />$ 5,500
<br />$ 3,300
<br />$ 3,375
<br />$ 3,500
<br />5 3,500
<br />7
<br />$ 3,300
<br />$ 5,500
<br />$ 3,954
<br />$ 1,736
<br />
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