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HomeMy WebLinkAbout2024-060 (Resolution to Join the Statewide Volunteer Firefighter Plan)City of Stillwater Washington County, Minnesota RESOLUTION 2024-060 RESOLUTION TO JOIN THE STATEWIDE VOLUNTEER FIREFIGHTER PLAN WHEREAS, the City of Stillwater is authorized to join the Statewide Volunteer Firefighter Plan administered by the Public Employees Retirement Association (PERA); and WHEREAS, the City and the Stillwater Firefighters Relief Association have jointly consented to and obtained a cost analysis for joining the Statewide Volunteer Firefighter Plan from PERA not more than 120 days ago; and WHEREAS, the City highly values the contributions of the City Fire Department members to the safety and well-being of our community and wishes to safeguard their pension investments in a prudent manner; and WHEREAS, the existing benefit level for the Stillwater Firefighters Relief Association is currently $11,000.00 per year of service pursuant to current relief association bylaws. NOW, THEREFORE, BE IT RESOLVED: The City hereby approves coverage by and requests participation in the Statewide Volunteer Firefighter Plan administered by PERA under the terms provided in the PERA cost analysis at the $11,000.00 benefit level per year of service, effective January 1, 2025; and 2. The City hereby approves coverage by and requests participation in the Statewide Volunteer Firefighter Plan administered by PERA under the terms provided in the PERA cost analysis with the vesting schedule beginning at 40% after 5 years of service, increasing by 4% each year until 100% vesting is reached after 20 years of service; and 3. The City Clerk/Administrator and Mayor are hereby authorized to execute all documents necessary to effectuate the intent of this resolution. Adopted by the City Council this 4th day of June, 2024. CITY OF TILLWATER Ted Kozlowski, Mayor ATTEST: Beth Wolf, City C r Water The Birthplace of Minnesota CERTIFICATION STATE OF MINNESOTA ) ) ss COUNTY OF WASHINGTON ) I, Beth Wolf, City Clerk of the City of Stillwater do hereby certify that the foregoing is a true and correct copy of RESOLUTION 2024-060 RESOLUTION TO JOIN THE STATEWIDE VOLUNTEER FIREFIGHTER PLAN, adopted by the City of Stillwater City Council, at a meeting held, according to law, at Stillwater, Minnesota, on the 4th day of June, 2024 as the same appears on file and of record in the offices of the City. IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed the official seal of the City of Stillwater, this 5th day of June, 2024. &!W- �le Beth Wolf, City Clerk ++��r►��ui��fr� 216 41h Street North, Stillwater Minnesota — 651-430-8800 — www.stillwatermn.gov