Laserfiche WebLink
Jim Andre 3 September 16, 1988 <br />lb <br />The average b�enef ilit paid by the six cities is $490.00 per month. <br />1i <br />This, number <br />o a ate comparison for two reasons, <br />is nt n accura-e <br />Only six of the fourteen cities surveyed offered monthly <br />benefit option. If a zero amount was included for those <br />cities not offering a monthly benefit option, the average <br />3 <br />would be sil"gncantly lower than Rosevilleols <br />benefit amount V 11 <br />benefits provided by Bloomington and Minnetonka are so <br />far above the other cities that they inflate the average <br />well, beyond the actual levelsi of' the remaining four cities. <br />di it <br />Bloomington's Fire pension benefits are based on the salary <br />of the highest paid Police Officer. The benefits increase <br />ft 41 9 # <br />every year as the Poi,iice Officer salary increases. The city <br />contributes 1-i mills (which will be $!,.7 million in t <br />the Fire Pension Fund.1 • <br />01 1i <br />Although Bloomington has the h1cfhest pension benef lit in the <br />0' <br />survey, they also have the lowest pay for fire calls and <br />drills ('at only $21.100 each) of all cities surveyed. <br />0 <br />If the pension benefit average "is calculated without <br />Bloominc[ton, the average falls by $100.00 to $390,00 per <br />Fi.-ulonth,. <br />411 <br />To summarizie,, Rosevillie Nis one of' a minority of es who <br />4 <br />provide a monthly pension benefit.1 Of those who provide a <br />monthly benefit, Ro e <br />siville4ls blen, e f it level falls 'in the middle <br />0 0 IF <br />with three c 10tiles provilding higher bienief its and three cities <br />providing benefi ts that are lower, than or equal to Rosev i'lle " s, <br />