7.1. SR 05-31-19944
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ITEM 7.1.
MEMORANDUM
TO:
MAYOR & CITY COUNCIL \
LORI JOHNSON, FINANCE DIRECTOR ~~
FROM:
DATE:
MAY 26, 1994
SUBJECT: PRESENTATION OF PRELIMINARY
SCHEDULES 1 & 2 - FIRE RELIEF
ASSOCIATION
Randy Sykes of the Fire Relief Association will be present on Tuesday to
discuss the Preliminary Schedules 1 & 2 which need to filed by August 1,
1994, in order to determine the benefit level for the Relief Association in
1995. Copies of the Preliminary Schedules are attached for your review. The
requested benefit amount is $2,400. The current benefit amount is $2,200.
The 1995 request does not require a City contribution.
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As you know, the Fire Compensation Task Force is reviewing the possibility
of changing from a defined benefit to a defined contribution method of
payment. Because that change will not be made until later this year or early
in 1995, the Schedules 1 & 2 for the defined benefit method of payment still
need to be filed with the State by August 1. In order to eliminate some of the
last minute pressure to approve the Schedules late in July in order to meet
the August 1 deadline, the Relief Association requested that the Preliminary
Schedules be presented to the Council so that the Council's input could be
incorporated into the final schedules prior to their presentation to the
Council in late June.
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P.O. Box 490 · 13065 Orono Parkway · Elk River, MN 55330 · (612) 441-7420 · Fax: (612) 441-7425
MAY-23-94 MON 8 :34 ELK RIVER MACH P . 1212/1216
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SCHEDULE ].11 FOR LUMP SUM PENSION PLANS
STATE FIRE AID YEAR 1995
.fighters Relief Association of t:1~ K \V"Cft County of She,'bt"r~
SCHEDULE I
Computation of benefit of relief association special fund (at $2.YQQ.. per year of service) for all members based on their years
of service as active fire department members.
. .. - . . ""'.-..--- L ..U _... '!'" _0 ,;~ ." . - -",...~......-:.,,.-~ ~
1 2 3 .. 5 6 7
1994 1995
To End of This Year To End of Next Year
F.D. Years Active Accrued Years Active Accrued
Name Age Entry Date Service Liability Service Liability
-.. -
1.
2.
3.
4.
5.
~--
6.
~ . . .. . n
. .
- _.~"'--
8.
o __ _~.-ft.'-~.____. -~ -. :11_____- __".-.a __'~_-'1.:..o-=' .--=-~
9.
... ._- .. _n .. ..... .. - .. -... -... .,... 1 ~74 51:,)'
10. 799510s
. IU-....-~~=.~ .. . ... -- .-. - --~ -:'M""Il.'~ . - . ,. .. .---. .. _ _h _..' ..
Total of Deferred Pensions, J_ hm,
If Any 17/3~
. . .. L_
Total Unpaid InstAllments,
If Any
I I .. .. I
Total of Early Vested
Pensions, If Any
.. .. - - .-. ., .--,... --. .. .. . .. - ...
A. Acaued Liability
Throuih Next Year 1995
(toW, column 7)
B. Accrued Liability
throup this Year 1994 ~I b 70 I g'l17cl
(total, column S)
C. Subtract Line B from
.e A (normal cost) 7 ~ oeo
Fractional years of service must be calculated to nearest full year.
Do not enter liability in columns S or 7 for any person who will receive entire pension durin& this year.
For Installment liability, enter amount which will be payable after end of this year in both column S and column 7.
t" 1__........ I. 6-. L.... ._..:.... ^9Il ,......."t.... ...__...:^.... .....I... .1-.._........ L._ .. _.___ 1- __,_.__ ..
MAY-23-94 MON
8:35 ELK RIVER MACH
"
Schedule II
P.03/06
~ re..\\"''\'~A'''~ 6 ~l~' ~<f
rion 1
Determination of Projected Net Assets as of Decembet 31,1994
CtJIcula1W1J of Minlmum Municipal Contributi01J
Assets at De<:ember 31, 1993
1 $ 7B G", (; Y.<:J....
Projected Income to December 31, 1994
I. Minnesota State Aid
b. MunIcipal (independent fire) Contributions
c. DonatioDS*
d. Investment Income
e. Realized Gains (losses)
f. Unrealized Gains (losses)
,. Other income*
Total
$ 3~ Sic.!
$ ''1. frO
$ '"--
$ S'l.9ro
$
$
$
2$ IJC,.4JV
3 $ 90210Q
Projected Assets plus Income December 31, 1994 (line t + line 2)
Projected Disbursements through end of year
b. Pensions
i. Other Benefits
j. Administrative
Total
$ ~ I 1../00
.
$ .-
$ ~-soO
4 $ g 3 900
.
'Ojected Assets at end of year (line 3 rnirlJlline 4)
..Explain here:
S $ g JB.dD1
.
Seetion 2
Detenni1U11ion of Projeaed Surplus (Deficit) as of December 31, 1994
Projected Assets (line 5)
6$ 81B.A0'1
7$ ~J"'701
8 $ ISOB
Accrued Liability (line B, Schedule 1)
Surplus (deficit) (SubtrKt line 7 from line 6)
· Go 10 Section j if Surplus
. Go 10 Section 4 if Deficit
Section 3
Derennlnarion of Municipal Contribution (if Surplus)
Normal Cost (Line C, Schedule 1)
9 $ 75.000
10 $ :<,500
Calculated Administrative Expense
Less:
. MiMesota State Aid
5~ of line S
m. lO~ of line 8
Total Subtractions
$ ~'-/
$ !:/.JllJ. 0
$~O
11 $ 7Cf 57'-1
12 $ (PoIl.i')
N D (',,,,,'kl~",~"'~ "'~
Municipal Contribution (line 9, pha 10 rnirIJI 1 t)
If $1.00 or grealer, certify to municipality before August 1, 1994.
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MAY-23-94 MON
e:36 ELK RIVER MACH
P.04.......06
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Section 4
Determlnation of Municipal Co1llriburion (if Deficit)
e Total from line C, Schedule 1
Amonization of DeJicll
13 $
Year Inc:umd
CoIUrM 1
Column 2
Amourt R.ctind ill Prior
Yc:an
Column 3
Amourt Left to
Jleti.re
OriJinal Amowt
19
19_
19_
TouJ.a
Amortization of Prior Deficit (TolAl from Column 1 X JO~)
Amortization of new deficit (if any)
Calculated Administrative Expense
Less:
D. Minnesota State Aid
o. S~ of line S
14 S
IS S
16 $
$_
$-
e Total Subtractions
Municipal Contribution (line 13 plu.linc I". IS. 16 minu.linc 17)
(lfO or negarive. there is no 7TUPlicipal contriburion)
17 $
18 S
You must certify to municipality before August 1, 1994, even lr no contribution is due.
CalcuJarlon of Average special fwuJ income per member
A B C D E
State Municipal IO~ of Active
Aid Support ~rplUJ Memben Ave....e
Jut year i 1'13 :?g >1 '-I / if ex.n '-' 3(( J(;71
2 yeus .'0 J 991 3i5'iD J 9 C('.'() _. 3S- If:; <IS-
3 )'CUI .'0 ltfq I '3g-<-1 D "7 i900() -, 30 1930
TolAl ColU~ dividod by 3
s j7~
Muim.lm Pcnaion BcnerJl under
Ibtute -2,"j {,,h
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MAY-23-94 MON 8:37 ELK RIVER MACH
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P.05/06
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ELK RIVER FIRE DEPARTMENT RELIEF ASSOCIATION
REPORTING DATE Dec-94
PENSION LEVEL $2,400
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ENTRY YEARS OF
NUMBER NAME DATE SERVICE LIABILITY VESTED
1 ANDERSON R. Apr -57 37 $0 $0
2 MORRELL L JuJ-65 29 $69,600 $69,600
3 DRESSIG M. Jun-66 28 $67,200 $67,200
4 NYSTROM J. Dec-67 27 $64,800 $64,800
--~ McCARTNEY B. Jun-68 26 $62,400 $62,400
6 KREUSER J. Jan-73 21 $50,400 $50,400
7 OSCARSON C. Apr-75 19 $44,141 $43,776
8 DRESSIG R. Sep-76 18 $40,738 $39,744
9 MORRELL R. Apr-78 16 $34.272 $32,256
-. 10 DITTBENNER S. Seo. 78 16 $34,272 $32,256
11 DEHN J. Nov-78 16 $34,272 $32,256
12 BARSODY R. May-80 14 $28.762 $25.536
13 TRUNNEL M. Nov-80 14 $28,762 $25.536
14 SYKES R. Feb-81 13 $25.678 $22,464
15 LEFEBVRE P. Oct-81 13 $0 $0
16 FOLLMER J. Oct-81 13 $25,678 $22,464
17 KREUSER D. May-82 12 $23,040 $19,584
18 ANDERSON C. Aug-83 11 $20,592 $16,896
19 PLUDE D. AUQ-83 11 $20,592 $16896
20 ANDERSON D. Jan-85 9 $15,984 $12,096
21 PEARSON B. Jan-85 9 $15,984 $12,096
22 ADERMAN R. Jan-85 9 $15,984 $12,096
23 ANDERSON G. Jun-88 6 $9,792 $6,336
24 COLLINS P. Jun-88 6 $9,792 $6,336
25 BATES D. Jun-88 6,' $0 $0
26 SMITH J. Jun-88 6 $9,792 $6,336
27 BORNTRAGER B. Sep-89 5 $8,040 $4,800
28 CREPEAU M. Sep-89 5 $8,040 $4,800
.
29 SKOGSTAD C. Sep-89 5 $8,040 $4,800
30 SMITH D. Sep-89 5 $8,040 $4,800
31 DOE J. #1 Jul-92 2 $2,976 $0
32 DOE J. #2 Jul-92 2 $2,976 $0
33 DOE J. #3 Jul-92 2 $2,976 $0
34 DOE J. #4 Jul-92 2 $2,976 $0
35 DOEJ. #5 Jul-92 2 $2,976 $0
TOTALS $799,565 $718,560
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MAY~23-94
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MON 8:37
ELK
RIVER
MACH
P.06........06
7re \11)'l1"\6-o"~ S"z'b -9<(
Cho.rt -0
ELK RIVER FIRE DEPARTMENT RELIEF ASSOCIATION
REPORTING DATE
PENSION LEVEL
Dee-95
$2,400
ENTRY YEARS OF
NUMBER NAME DATE SERVICE LIABILITY VESTED
1 ANDERSON R. AOf-57 38 $0 $0
2 MORRELL L Jut-65 30 $72,000 $72,000
3 DRESSIG M. Jun-66 29 $69,600 $69,600
4 NYSTROM J. Dee-57 28 $67,200 $67,200
5 McCARTNEY B. Jun-58 27 $64,800 $64,800
5 KREUSER J. Jan-73 22 $52,800 $52,800
7 OSCARSON C. Apr-75 20 $48,000 $48,000
8 DRESSIG R. Sep-76 19 $44,141 $43,776
9 MORRELL R. Apr-78 17 $37,454 $35,904
10 DllTBENNER S. Sep-78 17 $37,454 $35,904
-
11 DEHN J. Nov-78 17 $37,454 $35,904
12 BARSODY R. Mav-80 15 $31,212 $28,800
13 TRUNNEL M. Nov-80 15 $31,212 $28,800
14 SYKES R. Feb-81 14 $28 762 $25,536
15 LEFEBVRE P. Oct-81 14 $0 $0
16 FOLLMER J. Oct-81 14 $28,762 $25,536
---- -.
17 KREUSER D. May-82 13 $25,678 $22,464
18 ANDERSON C. AUQ-83 12 $23,040 $19,584
19 PLUDE D. Aua-83 12 $23,040 $19,584
20 ANDERSON D. Jan-85 . 10 $18,240 $14,400
21 PEARSON B. Jan-85 10 $18,240 $14,400
22 ADERMAN R. Jan-85 10 $18,240 $14,400
23 ANDERSON G. Jun-88 7 $11,760 $8,064
24 COLLINS P. Jun-88 7 $11,760 $8,064
25 BATES D. Jun-8S 7 $0 $0
26 SMITH J. Jun-8S 7 $11,760 $8,064
27 BORNTRAGER B. Seo-89 6 $9,792 $6,336
28 CREPEAU M. Sep-89 6 $9,792 $6,336
29 SKOGSTAD C. Sep-a9 6 $9,792 $6,336
30 SMITH D. Seo-89 6 $9,792 $6,336
31 DOE J. #1 Jul-92 3 $4,558 $0
32 DOE J. #2 Jul-92 3 $4,558 $0
33 DOE J. #3 Jul-92 3 $4,558 $0
34 DOE J. #4 Jul-92 3 $4,558 $0
L..--_ 35 DOE J. #5 Jul-92 3 $4,558 $0
TOTALS $874,565 $788,928
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