Resolution No. 2024-124, Approving the Fridley Firefighters Relief Association Joining the PERA Statewide Volunteer Fire Plan (SVF)
Resolution No. 2024-124
Approving the Fridley Firefighters Relief Association Joining the PERA Statewide
Volunteer Fire Plan (SVF)
Whereas, the City of Fridley (City) is authorized to join the Statewide Volunteer Firefighter Plan
administered by the Public Employees Retirement Association (PERA); and
Whereas, the City highly values the contributions of City Fire Division members to the safety and
wellbeing of our community and wishes to safeguard their pension investments in a prudent
manner; and
Whereas, the existing plan is a Defined Contribution Plan and the Relief Association desires to
join the Statewide Volunteer Firefighter Plan as a Defined Contribution Plan.
Now, therefore be it resolved, that the City Council of the City of Fridley hereby approves the
coverage by and requests participation in the Statewide Volunteer Firefighter Plan administered
by PERA as a Defined Contribution Plan, effective January 1, 2025; and
1) The City hereby approves coverage by and requests participation in the Statewide
Volunteer Firefighter Plan administered by PERA with the vesting schedule beginning at
40% after 5 years of service, increasing by 12% each year until 100% vesting is reached
after 10 years of service; and
2) The City Clerk and Mayor are hereby authorized to execute all documents necessary to
effectuate the intent of this resolution.
rd
Passed and adopted by the City Council of the City of Fridley this 23 day of September,
2024.
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Scott J. Lund – Mayor
Attest:
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Melissa Moore – City Clerk