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JANE 1 6-95 MC7N 1 3 26, ELK R I',~ER MACH <br />JANUARY 10,.1995 <br />• <br />• <br />COMPENSATION TASK FORCE <br />ELK RIVER FIRE DEPARTMENT <br />SUMMARY OF PROPOSED FAIR COMPENSATION PACKAGE <br />THIS COMPENSATION PACKAGE WILL INCLUDE CHANGING THE <br />DEFINED BENEFIT TO DEFINED CONTRIBUTION. THIS CHANGE <br />IN A FAIR AND EQUITABLE WAY THAT WILL NOT REGRESS <br />ACCOUNT BALANCES.. THE CHANGE NEEDS TO BE DONE~SO <br />FIGHTER, WHETHER NEW OR LONG .STANDING MEMBER, <br />DIFFERENTLY~THAR ANOTHER. <br />BENEFIT PAY IS DEFINED AS THE PENSION PAY PER HOUR THAT GOES INTO <br />THE DEFINED CONTRIBUTION RETIREMENT PAY. <br />P 01.03 <br />PENSION FROM <br />WILL BE DONE <br />ANY PENSION <br />THAT NO FIRE <br />IS TREATED <br />TOTAL BENEFIT WILL BE DEFINED AS FOLLOWS: , <br />TOTAL BENEFIT HOURLY PAY + BENEFIT PAY <br />HOURLY. PAY IS DEFINED AS THE PAY THAT IS PAID DIRECTLY TO THE FIRE <br />FIGHTER. <br />EMERGENCY). <br />ALL HOURS FOR TRAINING DRILLS AND FIRE RELATED SCHOOLING.. <br />TOTAL BENEFIT HOURS WOULD BE APPLIED TO THE FOLLOWING HOURS: <br />HOURS WHILE ON A PAGED EMERGENCY CALL {MINIMUM 1 HOUR PER PAGED <br />HOURLY PAY ONLY,..WOULD APPLY TO THE FOLLOWING HOURS: <br />HOURS. FOR COMMITTEE WORK THAT HAS BEEN PRE-APPROVED. <br />ALI, WORK DUTY HOURS AT THE FIRE STATION. <br />ALL FIRE MEETINGS. <br />THE TOTAL BENEFIT PAYMENT WOULD BE MADE UP OF THREE FACTORS: <br />1) HOURLY WAGE PAID TO THE FIRE FIGHTERS. <br />2) THE 2g STATE PENSION PAYMENT. <br />3) TH£ CITY OF ELK RIVER PENSION PAYMENT. <br />EXAMPLE: IF 5000 HOURS WERE PUT IN BY THE FIRE FIGHTERS IN ONE <br />CALENDAR YEAR 5000 hrs X $22.25 {RATE PAID IN .1991.) = TOTAL <br />BENEFIT. <br />THE FIRE FIGHTERS WERE PAID $8.00 PER HOUR IN 19.91, SO THE BENEFIT <br />PAY WOULD. BE $22.25 LESS $8.00 = $14.25 PER HOUR. THE CITY PENSION <br />PAYMENT AND THE STATE 2$ PENSION PAYMENT WOULD BE 5000 X $14.25/hr, <br />WHICH WOULD BE PUT INTO THE RELIEF ASSOCIATION PENSION FUND FOR THE <br />FIRE FIGHTERS. THE CITY'S PENSION PAYMENT WILL FLUCTUATE WITH THE <br />HOURS PUT IN AND WITH WHAT THE STATE 2g PENSION PAYMENT IS FROM THE <br />STATE OF MINNESOTA. <br />SPECIAL HOURLY 'PAY RATE WILL BE AS FOLLOWS: <br />HOLIDAYS WILL BE PAID AT A DOUBLE TIME RATE. THIS ONLY' APPLIES TO <br />THE HOURLY PAY THAT THE FIRE FIGHTER RECEIVES AND NOT THE <br />BENEFIT PAY FATE.. THESE HOLIDAYS ARE TO BE NEW YEARS DAY, <br />MEMORIAL DAY, 4th OF JULY, LABOR DRY, THANKSGIVING DAY., <br />CHRISTMAS EVE AND CHRISTMAS DAY. <br />NIGHT CALLS WOULD HAVE A 2 HOUR MINIMUM PAY BETWEEN THE HOURS OF <br />10:.00 PM AND 6:40 AM. <br />• <br />