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February 19, 1993 <br />To: Steve Sarkoz <br />C i ter imager <br />From Ed Burnell 1// <br />Finance Director <br />Fire Relief Bmefftn Est to City <br />The proposed increases are as follows: <br />monthly B erne f it <br />Per 2.f service <br />1993 $17e5O <br />1994 $20.00 <br />will have estimated costs to the City as follows <br />1994 $1191000 <br />1995 $116 #000 <br />The estimated amounts could change depending on the actuarial - <br />makeup of the group as to age and years of service. <br />In addition, the amount in 1996 and beyond will depend upon how <br />well the Board' s investments do with respect to decreasing the <br />unfunded liahil i ty a Current projections would indicate no un- <br />funded liability by 19969 <br />There are no costs for 1993, since the actuarial calculation will <br />take place for the 1994 budget year. <br />Please let us know if you need additional information . <br />