Laserfiche WebLink
Department Approval <br />�/� <br />REQUEST FOR COUNCIL ACTION Date: 12/11/2000 <br />Item No.: F-4 <br />ManagerReviewed Agenda Section <br />C� Reports and Recommendations <br />C <br />Item Description: Amending Roseville Fire Fighter Relief Association Study Timeline <br />Background <br />On June 29, 1999, the City Council approved Resolution No. 9662 establishing not only the current plan for <br />the Fire Relief Association's Funding but also including a statement regarding the need for a full review of a <br />options that may supplement or replace the current plan. <br />Because of the nature of both the limiting factors of current IRS laws regarding funding plans and the limitation <br />of current State Statutes, it has not been possible for the Association to complete the requested plan within the <br />timeline originally included in the Resolution No. 9662. <br />In addition, there are a number of proposals currently pending in Congress, which may provide better options <br />in the coming months. <br />The Roseville Fire Fighter Relief Association is recommending to the City that the dates outlined inResolution <br />be extended by one year. This extension will a11ow the study to be e completed on a more appropriate timeline <br />as well as a11ow for a chance to look at any potentially new legislative options. <br />Financial Implications <br />Other than assuring an additional year of the City's expected contribution to the Fire ReliefPension Fund, there <br />are no other fiscal obligations created. <br />Staff Recommendations <br />Staff has reviewed the recommendation from the Association, and concur with their request. <br />Council Action <br />Motion to approve the resolution amending Resolution No. 9662 e�ending the timeline by one year. <br />