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Page 2 of 2 <br />o Research and present to the City other fire relief retirement plans and 23 <br />present plan comparisons. 24 <br />o Research and present to the City possibilities of transitioning to an 25 <br />annuity plan.26 <br />o Research and present plan options to the City with comparisons to the 27 <br />Social Security retirement structure. 28 <br />o Research and present plan options to the City that establishes future plan 29 <br />caps as the association moves toward sunset. 30 <br />31 <br />R EQUESTED C OUNCIL A CTION 32 <br />Motion to A PPROVE the Roseville Fire Relief Association monthly benefit from $30 to $32 per 33 <br />month subject to the following conditions:34 <br />1)The Roseville Fire Relief Association Board shall coordinate all future actuarial requests 35 <br />with City Staff, and with the approval of City Council.36 <br />37 <br />2)Prior to requesting a future benefit increase, the Relief Association Board shall: 38 <br />a.Research and present to the City other fire relief retirement plans and present 39 <br />plan comparisons. 40 <br />b.Research and present to the City possibilities of transitioning to an annuity plan.41 <br />c.Research and present plan options to the City with comparisons to the Social 42 <br />Security retirement structure. 43 <br />d.Research and present plan options to the City that establishes future plan caps as 44 <br />the association moves toward sunset. 45 <br />Prepared by: Patr ick Trugeon, Interim City Manager (651) 792-7021 <br />Attachments: A:ReliefAssociationActuarialValuationPresentation