res_9662 - Laserfiche WebLink

Home

EXTRACT OF MINUTES OF MEETING OF THE CITY COUNCIL OF THE CITY OF ROSEVILLE * * * * * * * * * * * Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Roseville, County of Ramsey, Minnesota was duly held on the 29th day of June, 1999 at 6:30 p.m. The following members were present: Mastel, Wi ski and Maschka. and the following were absent: Goedeke and Wall. Member Maschka introduced the following resolution and moved its adoption: RESOLUTION 9662 A Plan for Providing Annual Firefighter Pension Increases in Years 2000- 2002 and Studying Benefit Options WHEREAS: The Roseville Firefighters Relief Association and City representatives have met and developed a plan addressing concerns of both parties with respect to the Firefighter Relief Pension Fund and WHEREAS: the following plan has been agreed: 1. Options for improving the pension plan will be studied and recommendations shall be brought back to the Relief membership and the City Council on or before January 1,2001. 2. During the study period, the benefit levels shall be increased within the following parameters: 1. The plan s pension liability shall be no less than 0%. There shall be no unfunded liability except where financial market flucuations may occur during the current level of approved pensions. H. Annual contributions shall consist of (a) State Fire Aid and (b) a City contribution of $100,000. HI. There shall be an annual actuarial review of the pension plan from which a determination can be made with regard to an annual pension increase under the aforementioned sections i. and ii. IV. Any pension plan benefit increases available under sections i, ii and iii above shall be effective upon approval of the Relief membership and the City Council and will be payable from the following annual dates: a. January 1, 2000 b. January 1,2001 c. January 1,2002 NOW, THEREFORE, BE IT RESOLVED, by the City Council ofthe City of Roseville, Minnesota, that the above plan be approved. The motion for the adoption of the foregoing resolution was duly seconded by member Wiski and upon a vote being taken thereon, the following voted in favor thereof: Mastel, Wiski and Maschka. and the following voted against the same: None. WHEREUPON, said resolution was declared duly passed and adopted.