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The audit page provides good background information on the revenues, <br />expenses, and past levels of funding. The Association was 104.9 percent <br />funded in 1996. The pension will be approximately 100 percent funded if the <br />$2,674 per year benefit is approved. <br /> <br />Action Requested <br /> <br />The Council is asked to consider the Fire Relief Association's request for an <br />increase in the per year of service pension benefit to $2,674. This is an <br />increase of $174 per year of service. <br /> <br /> <br />