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Relief Association Comparisons
<br />Lump Sum Plans Only
<br />2016
<br />2017
<br />Name
<br />2018 Aid Variable
<br />Lump Sum
<br />Lump Sum
<br />Thief River Falls, City of
<br />$
<br />72,412
<br />-15.54%
<br />$
<br />3,000
<br />$
<br />3,000
<br />North Mankato City of
<br />$
<br />72,616
<br />-15.31%
<br />$
<br />3,000
<br />$
<br />3,000
<br />Zimmerman City of
<br />$
<br />73,384
<br />-14.41%
<br />$
<br />4,000
<br />$
<br />4,100
<br />Mahtomedi City of
<br />$
<br />76,884
<br />-10.33%
<br />$
<br />4,900
<br />$
<br />5,200
<br />Cambridge, City of
<br />$
<br />77,549
<br />-9.55%
<br />$
<br />3,500
<br />$
<br />3,500
<br />Vadnais Heights City of
<br />$
<br />80,634
<br />-5.96%
<br />$
<br />3,600
<br />$
<br />4,100
<br />Park Rapids City of
<br />$
<br />81,070
<br />-5.45%
<br />$
<br />3,500
<br />$
<br />3,500
<br />Isanti Area Joint Op District
<br />$
<br />81,836
<br />-4.55%
<br />$
<br />5,500
<br />$
<br />5,500
<br />New Prague City of
<br />$
<br />82,430
<br />-3.8690
<br />$
<br />3,375
<br />$
<br />3,750
<br />Becker City of
<br />$
<br />82,472
<br />-3.81%
<br />$
<br />3,300
<br />$
<br />3,300
<br />Hugo City of
<br />$
<br />85,740
<br />0.00%
<br />$
<br />3,500
<br />$
<br />3,700
<br />Waconia, City of
<br />$
<br />88,020
<br />2.66%
<br />$
<br />3,500
<br />$
<br />3,500
<br />Ham Lake City of
<br />$
<br />91,746
<br />7.00%
<br />$
<br />3,400
<br />$
<br />3,400
<br />Little Falls City of
<br />$
<br />93,094
<br />8.58%
<br />$
<br />3,400
<br />$
<br />3,400
<br />Fergus Falls City of
<br />$
<br />94,181
<br />9.84%
<br />$
<br />4,400
<br />$
<br />4,600
<br />Sartell City of
<br />97,014
<br />13.15%
<br />$
<br />3,312
<br />$
<br />3,442
<br />St. Michael City of
<br />$
<br />97,021
<br />13.16%
<br />$
<br />3,000
<br />$
<br />3,300
<br />Big Lake, City of
<br />$
<br />99,393
<br />15.92%
<br />$
<br />3,800
<br />$
<br />4,100
<br />Number of Departments Within 10% of Hugo's State Aid
<br />$
<br />10
<br />10
<br />Lowest
<br />$
<br />3,300
<br />$
<br />3,300
<br />Highest
<br />$
<br />5,500
<br />$
<br />5,500
<br />Average (not including Hugo)
<br />$
<br />3,748
<br />$
<br />3,855
<br />State -Wide Average
<br />$
<br />1,736
<br />$
<br />1,826
<br />OPTIMUM PENSION BENEFIT LEVEL
<br />Based on the adopted formula, the
<br />optimum pension benefit level for the Relief Assn is:
<br />$ 3,855
<br />per
<br />year of service.
<br />$ 3,700
<br />Hugo's Current Level
<br />$ 3,800
<br />Proposed Level
<br />
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