HomeMy WebLinkAbout6.i. Firefighter's Relief Association Benefit AdjustmentCITY OF ROSEMOUNT
EXECUTIVE SUMMARY FOR ACTION
CITY COUNCIL MEETING DATE: AUGUST 15, 2000
AGENDA: FIREFIGHTERS RELIEF ASSOCIATION
AGENDA SECTION:
BENEFITS ADJUSTMENT
CONSENT
PREPARED BY: LINDA JENTINK, CITY CLERK
AGE N s
ATTACHMENTS: BYLAW ARTICLE VIII, SEC. 6, SURVEY
APPROVED BY:
v
This is a request for Council to consider approving an amendment to the Relief Association Bylaws that would
increase the yearly pension amount from $2,600 a year to $2,800 a year.
The Relief Association is responsible for overseeing funds for a retirement program for the city's firefighters.
The Relief Association receives funding from three sources:. state fire aid, municipal contributions and
investment earnings.
The current level of $2,600 is paid out according to years of service and rules established within the Relief
Association Bylaws. The City Council approved the current level in May 1999, and the members of the Relief
Association have requested that the Council consider increasing this amount to $2,800. The amount of $26,000
has been budgeted for payment to the Relief Association, and this amount will more than cover the city's
obligation of funding if the retirement benefit is increased to $2,800.
Attached for Council review is Article VIII, Section 6 of the Bylaws illustrating the payment based on years of
service if the yearly pension was increased to $2,600. Also attached is a survey of cities in size and surrounding
communities that have relief associations. It will give Council and idea how the city's hourly pay, contribution
and pension amount compare to other cities.
RECOMMENDED ACTION: MOTION to increase the yearly pension amount to $2,800 per year of
service and to approve an amendment to the Firefighters Relief Association Bylaws reflecting this increase.
COUNCIL ACTION:
Annual Benefit
Arnow
$2600
'
YEARS
I
OF
SERVICE
PERCENT IAMOUNT
10
= X
2600
at
60 %1
$15 600
11
X I
2600
at `
! 64 %1
$18,304
12
X 1
2600
at
68 %1
$21.216
13
X
2600
at
72%
$24,336
14
X
2600'
at
76 %;
$27,664
15
X
2600
at
? 80 %'
$31
16
X
2600
at
1 84 %1
$34,944
17
X
2600
at
88 %1
$38,896
18
X
2600
at
92 %!
$43,056
19
X
2600
at
= 96 %�
$47 424
20
X +
2600
at
100 %,
$5 2,000
Annual Benefit Amoun `
$2800;
YEARS
i
OF
SERVICE i
`PERCENT !AM
1
10
X
28001
at
60%1
$16,800
11
X
28001
at
64 %1
$19,712
12 i
X
28001
at
68 %1
$22,848
13
X ?
2800
at
i 72 %1
$26,2 08
14
X I
at
i
I 76%
$29,792
15 '
X _+
28001
at
# 80 %1
$33,600
16
X i
2800
at
84 %
$ 37,632
17
X
2800
at
88
$4 1,888
18 +
X I
280
at
+ 92 %1
19 i
X !
28001
at
96 %1
— ...._ $46,368
20 1
X
28001
at
100 %'
. $51,072
$56,000
1
ARTICLE VIII.
DEATH BENEFITS AND PENSIONS
(Continued)
Section 6•
a) The YEARLY PENSION AMOUNT that the Association will pay is TWO
THOUSAND SIX HUNDRED DOLLARS ($2,600.00) per "YEAR OF SERVICE."
b) Effective May 18, 1999, the PERCENT OF 20 YEAR PAYMENT at $2,600.00 "year
of service is as follows:
Years of Service Percentage of Amount of Payment
on Fire Department 20 Year Payment at age of 50 years
10 60 $15,600
11 64 $18,304
12. 68 $21,216
13 72 $24,336
14 76 $27,664
` 15 80 $31,200
16 84 $34,944
17 88 - $38,896
18 92 $43,056
19 96 $47,424
20 100 $52,000
2000 Volunteer Firefighter Pay
Department
Population
Number of
Volunteers
Call pay /hour
Call pay /run
Drill pay/ hour
Per Drill
Annual City
Contribution
Yearly Pension
Amount
O/T?
Andover
23213
58
$8.50
$8.50
No
Anoka
17964
44
$10.75
$10.75
$120,000
No
Chanhassen
17,381
45
$8.00
$8.00
No
Chaska
15,361
40
$3.11
$7.401
No
Columbia Heights
18,699
30
$6.43- $12.05
$5.36 -$7.50
$55,000
Yes
Cottage Grove
30,630
71
$7.00 - $10.00
$6.15- $7.40
No
Crystal
23,677
40
$8.68
$8.68
No
Farmington
1 0,563
_ 3 5
$8.11
$8.11
$3,000
No
Golden Valle
21,001
50
$10.71
_
$10.71
No
Ham Lake
12,029
50
$8.00
$8.00
No
Hastings
17,626
44
$10.00 - $12.00
$9.00
No
Hopkins
16,887
41
$10.00
$8.00
No
Inver Grove Heights
29,151
55
$8.00
$8.00
No
Maple Grove
47,164
88
$9.60
$9.60
No
Maplewood
34,771
125
$12.00
$12.00
$66,320
$3,000
No
Mendota Heights
10,293
35
$6.75 - $9.00
$7.25
No
New Brighton
22,854
33
$10.30 - $11.33
$10.30
Yes
New Hope
21,610
45
$11.60
$9.00
No
North St. Paul
12,801
$6.52 - $9.80
$6.52 - $9.80
No
Prior Lake
14,687
43
$7.25
No
Ramsey
18,079
$9.00
$9.00
No
Robbinsdale
14,149
30
$10.00
$6.00
$30,000.00
$3,500
No
St. Paul Park
5046
35
$6.00
$6.00
No
Savage
17,040
42
$8.85
$8.10
No
Shakop
16,0
44
$8.00
-
$8.00
No
Stillwate
Vadn ais Heights
16
13,284
30
35
$9.00
$11.00
$9.00
$11.00
$4,000
1
No
No
Woodbury ,
35,7201
100
7.65 - 10.49
7.65-10.49
$5,160
No