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Deloitte & <br />Touche <br />Deloitte&Touche LLP <br />\ Human Capital Advisory Services <br />400 One Financial Plaza <br />120 South Sixth Street <br />Minneapolis, Minnesota 55402-I 844 <br />March 16, 2000 <br />Mr. Dennis Koehntopp <br />Assistant Treasurer <br />Roseville Firefighters' Relief Association <br />270 1 North Lexington Avenue <br />Roseville, MN 55 113 <br />Telephone: (612) 397-4000 <br />Facsimile: (612) 397-4450 <br />www.us.deloitte.com <br />Subject: Projected Cost of Benefit Changes and Proposed Benefit Level Increases <br />Dear Denny: <br />Enclosed please find the final results of the proposed benefit level increases. In doing these <br />projections, we reflected certain benefit changes to the plan (provided by Roseville <br />Firefighters' Relief Association) and assumed a$1 increase in benefit level up to $27 per year <br />of service. The benefit changes that occurred are: eliminating the service cap of 30 years on <br />the monthly service pension, changing the temporary disability benefit to 1/30`� of the monthly <br />20 year pension (maximum of 26 weeks) from $10 per day (maximum of 26 weeks), changing <br />the death benefit-due to active duty to 1/10�' of the 20 year service pension from $4,000, and <br />changing the death benefit-causes other than active duty to U20`� of the 20 year service <br />pension (maximum of 10 years) from $750 per year of service (maximum of 10 years). <br />The Association will no longer be overfunded at a benefit level of $27 per year of service and <br />the minimum contribution will be $173,468. These estimates are based on participant data and <br />assets used for the January 1, 2000 actuarial valuation. <br />If you like to discuss these proj ections or have any questions, please call me at (612j 397- <br />4248. <br />Sincerely, <br />����� �� <br />Matthew D. Mammenga 4 <br />Consultant <br />enclosure <br />cc: Jay Lingo <br />TO�Touche 128578 <br />