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HomeMy WebLinkAbout04-130 16200 Eagle Creek Avenue S.E. Prior Lake, MN 55372-1714 RESOLUTION 04-130 A RESOLUTION APPROVING A PENSION INCREASE FOR THE PRIOR LAKE FIRE DEPARTMENT FIREFIGHTERS RELIEF AND PENSION ASSOCIATION Motion By: PETERSEN Second By: LEMAIR WHEREAS, the Bylaws of the Prior Lake Volunteer Firefighters Relief and Pension Association provides for a defined contribution benefit; and WHEREAS, the present annual benefit level in effect is $3,800.00 for volunteer firefighters that are eligible under the existing vesting schedule; and WHEREAS, it is in the best interest of the City of Prior Lake to provide a pension level that is comparable with other volunteer fire departments in order for the City to continue to recruit and retain qualified volunteer firefighters. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA that: 1. The recitals set forth above are incorporated herein. 2. Effective January 1, 2005, a $4,000 per year of service credit for pension, disability and death benefit purposes within the Bylaws of the Prior Lake Fire Department Firefighters Relief and Pension Association is hereby approved.. PASSED AND ADOPTED THIS 16TH DAY OF AUGUST, 2004. Haugen X Haugen Blomberg X Blomberg LeMair X LeMair Petersen X Petersen Zieska - Zieska - YES NO www.cityofpriorlake.com Phone 952.447.4230 / Fax 952.447.4245