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RESOLUTION NO. <br />08 - <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 BRIGHTON 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 ASSOCIATON <br />HAVE DETERMINED THAT THE FUNDING LEVEL SHOULD REMAIN AT A MININUM OF 85%; <br />WHEREAS, THE FIREFIGHTER'S RELIEF ASSOCIATION IS FUNDED AT 107% FOR 2007 AND WITH A BENEFIT <br />INCREASE OF $200 TO $5,300 PER YEAR OF SERVICE IS PROJECTED TO EXCEED 100%; <br />WHEREAS, THE CITY MANAGER, FINANCE DIRECTOR AND THE FIREFIGHTER'S RELIEF ASSOCIATION HAVE <br />AGREED UPON AN INCREASE TO $5,300 PER YEAR OF SERVICE; <br />NOW THEREFORE BE IT RESOLVED, THE CITY COUNCIL DETERMINES THAT THE RETIREMENT BENEFIT <br />LEVELS FOR FIREFIGHTER'S RELIEF ASSOCIATON BYLAWS BE AMENDED TO $5,300 PER YEAR OF <br />SERVICE FOR 2008. <br />Adopted this 26th day of February 2008 <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:\COUNCIL\RESOLUTIONS\2007\Public Safety\FireReliefResolution.doc <br />