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Lump Sum Plans Only <br />Name 2024 <br />Fire Aid Variable 2023 <br />Lump Sum <br />1 Lake Elmo Fire Department $145,483.70 -5.97%$5,850.00 <br />2 Waconia Fire Department $148,723.38 -3.88%$5,700.00 <br />3 Ham Lake Fire Department $149,291.83 -3.51%$5,000.00 <br />4 Little Falls Fire Department $154,539.78 -0.12%$4,900.00 <br />Hugo Fire Department $154,719.84 0.00% <br />5 Bayport Fire Department $158,489.89 2.44%$10,000.00 <br />6 Hopkins Fire Department $159,240.82 2.92%$8,400.00 <br />7 Red Wing Fire Department $159,266.44 2.94%$9,000.00 <br />8 Willmar Fire Department $159,885.63 3.34%$6,000.00 <br />9 Sartell Fire Department $160,860.02 3.97%$5,150.00 <br />10 Detroit Lakes Fire Department $161,949.26 4.67%$10,300.00 <br />11 Albertville Fire Department $162,669.94 5.14%$4,200.00 <br />12 Grand Rapids Fire Department $164,066.11 6.04%$6,500.00 <br />13 Sauk Rapids Fire Department $168,593.68 8.97%$6,800.00 <br />Average (not including Hugo)$6,753.85 <br />Lowest $4,200.00 <br />Highest $10,300.00 <br />State-Wide Average $2,594.44 <br />Based on the adopted formula, the optimum pension benefit level for the <br />Relief Association is: $6,753.85 per year of service <br />$5,100.00 Hugo's Current Level <br />$500.00 Proposed Increase <br />$5,600.00 Proposed Level <br />Relief Association Comparisons <br />OPTIMUM PENSION BENEFIT LEVEL