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Firefighters Relief
<br /> Association Roseville Firefighters Relief Association
<br /> The retirement fund is provided to
<br /> volunteer firefighters. (Full-time Current Pension Rate Summary
<br /> personnel such as the Fire Chief and
<br /> Assistant Fire Chief, are not cov- YEARS OF ANNUALIZED PERCENT AMOUNT MONTHLY
<br /> ered by this fund.)To be vested, ten SERVICE AMOUNT PAID AMOUNT
<br /> years of service are needed.At
<br /> retirement, the firefighter may take
<br /> a lump-sum payment, or an annuity 10 years $27,000 60% $16,000
<br /> amount. The City of Roseville and 11 years $29,700 64% $19,008
<br /> the State of Minnesota contribute to 12 years $32,400 68% $22,032
<br /> the fire relief fund. Currently, 48
<br /> persons are drawing from the fund. 13 years $35,100 72% $25,272
<br /> Of the 48, four are surviving spous- years $37,800 76% $28,728
<br /> es. 15 years $40,500 80%
<br /> $32,400
<br /> There are about 26 current firelight- 16 years $43,200 84% $36,288
<br /> ers who have ten years or more of 17 years $45,900 88%
<br /> service. $40,392
<br /> Most of the firefighters (60%) wait 18 years $48,000 92% $44,712
<br /> until age 50 to collect retirement. 19 years $51,300 96% $49,248
<br /> 20 years $54,000 100% $54,000 $540.
<br /> 21 years $56,700 100% $56,700 $567.
<br /> 22 years $59,400 100% $59,400 $594.
<br /> 23 years $62,100 100% $62,100 $621.
<br /> 24 years $64,800 100% $64,800 $648.
<br /> 25 years $67,500 100% $67,500 $675.
<br /> 26 years $70,200 100% $70,200 $702.
<br /> 27 years $72,900 100% $72,900 $729.
<br /> 28 years $75,600 100% $75,600 $756.
<br /> 29 years $78,300 100% $78,300 $783.
<br /> 30 years $81,000 100% $81,000 $810.
<br /> 31 years $83,700 100% $83.700 $837.
<br /> 32 years $86,400 100% $86,400 $864.
<br /> 33 years $89,100 100% $89,100 $891.
<br /> Note:Formula based on Spring 2003
<br /> League of Women Voter RoMaFH 10
<br /> Roseville Fire Department 2003&Beyond
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