9.a Resolution 07-18-17-05 increasing firefighter pera benefitCITY OF SCANDIA, MINNESOTA
RESOLUTION 07-18-17-05
A RESOLUTION OPTING TO INCREASE THE BENEFIT LEVEL FOR
FIREFIGHTERS WHO ARE VESTED IN THE VOLUNTARY STATEWIDE
VOLUNTEER FIREFIGHTER (SVF) RETIREMENT PLAN
WHEREAS, The City previously authorized the Fire Department to join the Voluntary
Firefighter Retirement Plan administered by the Public Employees Retirement Association
(PERA) and,
WHEREAS, The City requested and obtained a cost analysis of increasing the benefit level for
firefighters who are vested in the Voluntary Firefighter Retirement Plan from PERA more than
120 days ago; and
WHEREAS, The City understands that Minnesota statutes allow for an increase in benefit levels
if the plan is fully funded, but does not have provisions for a decrease in benefit levels, and
WHEREAS, The City highly values the contributions of the Fire Department members to the
safety and well-being of our community and withes to safeguard their pension investments in a
prudent manner.
NOW, THEREFORE, BE IT RESOLVED, that the City Council of Scandia, Minnesota
1) The City hereby approves an increase in the benefit level for firefighters who have
completed at least 5 years of good time service credit as a member of the Voluntary
Statewide Volunteer Firefighter Retirement Plan administered by PERA at the $2,800
benefit level per year of service, effective January 1, 2018; and
2) The City clerk/Administrator and Mayor are hereby authorized to execute all documents
necessary to effectuate the intent of this resolution.
Adopted by the Scandia City Council this 18th day of July, 2017.
______________________________
Christine Maefsky, Mayor
ATTEST:
_________________________________
Neil Soltis, Administrator/Clerk