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RESOLUTION NO. <br />07- <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br />RESOLUTION Authorizing an Amendment to the Retirement Benefit Level for the Firefighter's Relief <br />Association Bylaws <br />WHEREAS, THE CITY OF NEW BRIGHTON AND THE NEW BRTGIITON FIREFIGHTER'S RELIEF ASSOCIATION <br />HAVE HAD DISCUSSIONS ON AN ANNUAL BASIS REGARDING FIREFIGHTER PENSION BENEFITS; <br />WHEREAS, THE CITY OF NEW BRIGHTON AND THE NEW BRIGHTON FIREFIGHTER'S RELIEF ASSOCIATTUN <br />HAVE DETERMINED THAT THE FUNDING LEVEL SHOULD REMAIN AT A MINIMUM OF 8S%; <br />WHEREAS, THE FIREFIGHTER'S RELIEF ASSOCIATION IS FUNDED AT 107.9% FOR 2006 AND WITH A BENEFIT <br />INCREASE OF $300 TO $S, l O0 PER YEAR OF SERVICE IS PROJECTED 'I'O EXCEED 100%; <br />WHEREAS, THE CITY MANAGT:R, FINANCE DIRECTOR AND THE FIREFIGHTER'S RELIEF ASSOCIATION HAVE <br />AGREED UPON AN INCREASE TO $5,100 PER YEAR OF SERVICE; <br />. NOW THEREFORE BE IT RESOLVED, THE CITY COUNCIL DETERMINES THAT THE RE'T'IREMENT BENEFIT <br />LEVELS FOR FIREFIGHTER' S RELIEF ASSOCIATON BYLAWS BE AMENDED TO $5,100 PER YEAR OF <br />SERVICE FOR 2007. <br />Adapted this 24th day of April, 2007 <br />Steve Larson, Mayor <br />Dean R. Lotter, City Manager <br />ATTEST: <br />Daniel A. Maiers, <br />Director of Finance and Support <br />Services/City Clerk <br />(SEAL) <br />I:\GDUNCIL\RESOLIJTIONS\2U~7\Puhlic Safety\FireReliefResolutinn.doc <br />