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e, <br /> that the money now is in a Money Market, Bonds, Stocks, Mutual Funds and has done <br /> very well in the past years. Des Englund told members how the new bylaws with a <br /> change in vesting from 5 up to 10 years would benefit and help the surplus. The pension <br /> now stands at $2400 per year of service and the Relief Association is requesting an <br /> increase to $3000 per year of service. <br /> Andy Neil made the motion to approve the firefighters pension increase to $3000 per year <br /> of service on the condition that the cities would not increase their share more than the <br /> planned amount. LeAnn Osbun seconded the motion. Motion carried unanimously. <br /> Fire Chief Review <br /> Jim Keinath addressed Chief Bennett's annual review. The review was very positive and <br /> the steering committee feels Milo has done very well. The administration recommended a <br /> 3 % /Jne in pay, which will increase the Chief's yearly salary from $50,058 to <br /> CIA51,S60.__ <br /> Tom Wilharber motioned to approve the 3% increase. <br /> Dan Stoltz seconded the motion. <br /> Motion carried unanimously. <br /> Jim Keinath adjourned the meeting at 4:25 p.m. <br /> Janet Haapoja, Secretary Jim Keinath <br /> Circle Pines Administrator <br />