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ROSEVILLE FIREFIGHTER'S RELIEF ASSOCIATION <br />(COLA) Pension Benefit Increase Formula Calculaflon <br />as Per City Council 2006 Resolution 10442 <br />Monthly Lump Sum_ <br />2007 Pay Rate for year $ 29.00 S 21900 <br />200$ (01 -01 -08 Actuarial Prepared, Received 05- 18 -08) <br />MontWy <br />.. Lump Bunn <br />Pay Fate for 1st 8 months (Jan-Jun) <br />� 9M <br />21900 <br />Pay Rate for 2nd 6 months (Jul -Dee) <br />Social Security Index Increase <br />(COLA) based on (CPI -W) <br />Two Year Previous <br />S Increase <br />2007 2008 Average times Yr� Rate <br />_ _. - - -- <br />E ua Is in Benefits <br />3.3% 2.3% 2.8% X 9.00 <br />- 0.81 <br />Rounded = <br />$ 1.00 <br />$ 100 <br />New Pay Rate for ,Jul -Dec <br />$ 30.00 <br />$ 3,000 <br />