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Addendum A Elk River Fire Department Relief Association
<br /> Table LS-1 6
<br /> Approved by City Council, July 6, 20,15
<br /> LUMP SUM SERVICE PENSION
<br /> EFFECTIVE
<br /> $5,510 BENEFIT LEVEL
<br /> Formula (Years X Level X Percentage)
<br /> Years of $ Level Percentage Amount
<br /> Service
<br /> 5 $5,510 40% $14020.00
<br /> 6 $5,510 44% $14,546.40
<br /> 7 $5,510 48% $18,513.60
<br /> ,8, $5,510 52% $22,921.60
<br /> 9 $5,510 56% $27,770.40
<br /> 10 $5,5,10 60% $33,066.00
<br /> 11 $5,510 64% $38,,790.40
<br /> 12 $5,510 68% $44,961 .60
<br /> 13 $5,510 72% $51,573.60
<br /> 14 $5,510 76% $58,626.40
<br /> 15 $5,510 80% $66,120.00
<br /> 16 $5,510 8,4% $74,054.40
<br /> 17 $5,510 88% $82,429.60
<br /> 18 $5,51'6 92% $91,245.60
<br /> 19 $5,510 96% $100,502.40
<br /> 20 $5,510 100% $110,200.00 BASE
<br /> 21 BASE + $5,510 $1 15,716.66
<br /> 22 BASE + $11,020 $121,220.00
<br /> 23, BASE + $16,536 $126,730.00
<br /> 24 BASE + $22,040 $132,240.00
<br /> 25 BASE + $27,550 $137,75,0.00
<br /> 26 BASE + $33,060 $143,266.66
<br /> 27 BASE + $3,8,570 $148,770.00
<br /> 28 BASE + $44,080 $154,286.66
<br /> 29 BASE + $49,590 $15,9,790.00
<br /> 36 BASE + $55,16'6 $165,300.,00
<br /> 31 BASE + $60,610 $170,810.00
<br /> 32 BASE + $66,,120 $176,326.66
<br /> AD�DENDUM A - XXXX XX, 2615
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