RES 1987-09 - 00004576014
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WHEREAS, the Council of the City of Fridley has authorized the preparation of
a bill which would amend the existing legislation establishing the
firefighters' pension retirement to allow the Fridley Volunteer Firefighters'
Relief Association to convert from a defined benefit to a defined contribution
plan; and
WHEREAS, the Fridley Volunteer Fiefighters' Relief Association has requested
an amendment to the existing legislation establishing their retirement
pension; and
WHEREAS, both the City Council and the Firefighters' Relief Association is in
unanimous agreement with the provisions of the proposed bill; and
WHEREAS, the Council has reviewed actuarial studies regarding the effect of
the proposed changes; and
WHEREAS, the Council is of the opinion that the existing and future revenues
will make said plan, as revised, actuarially sound; and
I WHEREAS, the Fridley City Council acknowledges they understand the potential
cost of the retirement program as contained in the legislation requested.
NJW, THEREFORE, BE IT RESOLVED by the City Council of the City of Fridley,
that the Council urges Senator Frank and Representatives Simoneau and Johnson
to do everything within their power to expedite passage of this legislation.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 26TH DAY OF
JANUARY, 1987
WILLIAM J. NEE 40MR
ATTEST:
SHIRLEY A. tMPALA - CITY CLERK