Resolution Number 40-13 Fire Relief Association
RESOLUTION NUMBER 40-13
OPTING TO JOIN THE VOLUNTARY STATEWIDE LUMP-SUM VOLUNTEER FIREFIGHTER RETIREMENT PLAN
WHEREAS, the City is authorized to join the Voluntary Statewide Lump-Sum Volunteer Firefighter Retirement Plan administered by the Public Employees Retirement Association (PERA); and
WHEREAS, the City and the City’s Fire Department Relief Association have jointly consented to and obtained a cost analysis for joining the Voluntary Statewide Lump-Sum Volunteer Firefighter Retirement Plan from PERA not less than 90 days ago; and
WHEREAS, the City highly values the contributions of City Fire Department members to the safety and well being of our community and wishes to safeguard their pension investments in a prudent manner.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF MOUNTAIN IRON, MINNESOTA:
1. The City hereby approves coverage by and requests participation in the Voluntary Statewide lump-Sum Volunteer Firefighter Retirement Plan administered by PERA under the terms provided in the PERA cost analysis at the $1,500 benefit level per year of service; and
2. The City Administrator and Mayor are hereby authorized to execute all documents necessary to effectuate the intent of this resolution.
DULY ADOPTED BY THE CITY COUNCIL THIS 18th DAY OF NOVEMBER, 2013.
Mayor Gary Skalko