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Addendum A Elk River Fire Department Relief Association
<br /> Table L -11 5
<br /> Approved by City Council, July 7, 2014
<br /> LUMP SUM'' SERVICE PENSION
<br /> EFFECTIVE
<br /> $5,360 BENEFIT LEVEL
<br /> Formula (Years X Level X Percentage)
<br /> Years sof Level Percentage Amount
<br /> Service
<br /> 5 $5,360 40% $10,720.00
<br /> 6 $5,360 44% $14,150.41
<br /> 7 $5,360 48% $18,009.60
<br /> 8 $5,360 52% $22,297.60
<br /> 9 $5,360 56% $27,014,40
<br /> 10 $5,360 60% $32,160.00
<br /> 11 $5,360 64'% $37,734.40
<br /> 12 $5,360 68% $43,737.60
<br /> 13 $5,360 72% $50,169.60
<br /> 14 $5,360 76% $57,030.40
<br /> 15 $5,360 80% $64,320.00
<br /> 1'6 $5,360 84% $72,038.40
<br /> 17 $5,360 88% $80,185.60
<br /> 18 $5,360 92'°r"a $88,761.60
<br /> 19 $5,360 96% $97,766.40
<br /> 20 $5,360 100% $107,200.00 BASE
<br /> 21 BASE + $5,360 $112,560.00
<br /> 22 BASE + $10,720 $117,920.00
<br /> 23 BASE + $16,080 $123,280.00
<br /> 24 BASE + $21,440 $128,640.00
<br /> 25 BASE + $26,800 $1134,000.00
<br /> 26 BASE + $32,160 $139,360.00
<br /> 27 BASE + $37,520 $144,720.00
<br /> 28 BASE + $42,880 $150,080.00
<br /> 29 BASE + $48,240 $155,440.00
<br /> 30 BASE + $53,600 $160,800.00
<br /> 31 BASE + $58,960 $1166,160.00
<br /> 32 BASE + $64,320 $171520.00
<br /> 33 BASE + $69,680 $176,880.00
<br /> 34 BASE + $75,040 $182,240.00
<br /> 35 BASE + $80,400 $187,600..00
<br /> No maximum years of service
<br /> ADDENDUM A -XXXX XX, 2015
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