Laserfiche WebLink
SAN :- 1 6- 9 5 M O N 1 3 2 fi E L K R I W E R M A C H <br />JANUARY 10,.1995 <br />COMPENSATION TASK FORCE <br />ELK RIVER FIRE DEPARTMENT <br />. SUMMARY OF PROPOSED FAIR COMPENSATION PACKAGE <br />u <br />P 0 2~ 6 3 <br />THZS COMPENSATION PACKAGE WILL INCLUDE CHANGING -THE PENSION FROM <br />DEFINED BENEFIT TO DEFINED CONTRIBUTION. THIS CHANGE WILL BE DONE <br />IN A FAIR AND EQUITABLE WAY THAT WILL NOT REGRESS ANY PENSION <br />ACCOUNT BALANCES., THE CHANGE NEEDS TO BE DONE 30 THAT NO-FIRE <br />FIGHTER, WHETHER NEW OR LONG STANDING MEMBER, IS TREATED <br />DIFFERENTLY THA~i ANOTHER. <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 DFRECTLY TO THE FIRE <br />FIGHTER. <br />BENEFIT PAY IS DEFINED AS THE PENSION PAY PER HOUR THAT GOES INTO <br />THE DEFINED CONTRIBUTION RETIREMENT PAY. <br />EMERGENCY). <br />ALL HOURS FOR TRAINING DRILLS AND FIRE RELATED SCHOOLING. <br />TOTAL BENEFIT HOURS WOULD BE APPLIED TO THE FOLLOWZNG HOURS: <br />HOURS WHILE ON A PAGED EMERGENCY CALL (MINIMUM 1 HOUR PER PAGED <br />HOURLY PAY ONLY...WOULD APPLY TO THE FALLOWING HOURS: <br />HOURS FOR COMMITTEE WORK THAT HAS BEEN PRE-APPROVED. <br />ALL 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 />2j THE 2$ STATE PENSION PAYMENT. <br />3) THE 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 1991, 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 $14.25/hr, <br />WHICH WOULD BE PUT INTO THE RELIEF ASSOCIATION PENSION FUND FOR THE <br />FIRE FIGHTERS. THE CITY'S PENSION PAYMENT WILL FLUCTUATE WITH THE <br />HOURS PUT IN AND WITH WHAT THE STATE 2$ 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 DAY, 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 fi:00 AM. <br />• <br />