HomeMy WebLinkAbout2023-083 CCRMember Butler introduced the following resolution and moved its adoption:
RESOLUTION NO. 2023-83
RESOLUTION REQUESTING AN AMENDMENT TO THE BY-LAWS OF
THE CITY OF BROOKLYN CENTER FIRE DEPARTMENT RELIEF
ASSOCIATION TO INCREASE THE LUMP SUM BENEFIT TO $12,000 PER
YEAR
WHEREAS, the Brooklyn Center Fire Department Relief Association has
requested City approval of a benefit increase for retirees; and
WHEREAS, such benefit increase would require an amendment of the City of
Brooklyn Center Fire Department Relief Association By -Laws; and
WHEREAS, Relief associations are governmental entities that receive and
manage public money to provide retirement benefits for individuals providing the governmental
services of firefighting and emergency first response; and
WHEREAS, the Brooklyn Center Fire Relief Association is made up of active
paid -on -call members of the Brooklyn Center Fire Department; and
WHEREAS, The purpose of the association is to provide retirement, disability
and death benefits to the members or beneficiaries of members of the department; and
WHEREAS, The pension benefit is not only a recruitment tool but also a way to
encourage the part-time/paid-on-call members to "stay on the job" and supports retention; and
WHEREAS, State law requires that a relief association be governed by a nine -
member board of trustees. The BCFRA is directed by six trustees elected by members of the relief
association, the Fire Chief, the City Finance Director, and the Mayor; and
WHEREAS, Van Iwaarden and Associates has conducted an actuarial valuation
and benefit study and determined that the anticipated assets available for benefits would be
sufficient to support an increase in the annual benefit with very little, if any, funds needed from
the City to maintain a 100% fund balance; and
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Brooklyn Center,
Minnesota, that an amendment to the By-laws of the City of Brooklyn Center Fire Department
Relief Association to increase the lump sum benefit to $12,000 per year be hereby approved.
September 11, 2023 i� - J -J
Date Mayor
RESOLUTION NO. 2023-83
ATTEST:ll
City Cleric
The motion for the adoption of the foregoing resolution was duly seconded by member:
Jerzak
and upon vote being taken thereon, the following voted in favor thereof:
Graves, Butler, Jerzak, Kragness, Lawrence -Anderson
and the following voted against the same: None.
whereupon said resolution was declared duly passed and adopted.