HomeMy WebLinkAbout06-208 - PL Fire Dept. Relief & Pension Assoc.
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RESOLUTION 06-208
RESOLUTION APPROVING A PENSION INCREASE FOR
THE PRIOR LAKE FIRE DEPARTMENT FIREFIGHTERS RELIEF
AND PENSION ASSOCIATION
Motion By: Millar
Second By: Dornbush
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 $5,000.00 in 2006 for volunteer fire fighters
that are eligible under the existing vesting schedule; and
WHEREAS, The City Council understands that the insurance premium tax payment increase
received from the State of Minnesota is sufficient to fund a benefit increase to
$5,900.00 per year of service now and in the future without the need for additional city
contribution; 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, that:
1.) The recitals set forth above are incorporated herein.
2.) A $5,900.00 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 effective January 1,2007.
PASSED AND ADOPTED THIS 4TH DAY OF DECEMBER, 2006.
Haugen
Dornbush
Erickson
LeMair
Millar
YES
X
X
X
X
X
NO
Haugen
Dornbush
Erickson
LeMair
Millar
r,JIf-
Frank Boyres, City Manager
www.cityofpriorlake.com
Phone 952.447.4230 / Fax 952.447.4245