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<br />- . <br /> <br />JAN-16-95 MON 13:26 ELK RIVER MACH <br /> <br />P.02/03 <br /> <br />e <br /> <br />e <br /> <br />e <br /> <br />JANUARY 10, 1995 <br /> <br />COMPENSATION TASKFORCE <br />ELK RIVER FIRE DE~ARTMENT <br />SUMMARY OF PROPOSED FAIR COMPENSATION PACKAGE <br /> <br />THIS 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' SO THAT NO, FIRE <br />FIGHTER, WHETHER NEW OR LONG STANDING MEMBER, IS TREATED <br />DIFFERENTLY'THAN ANOTHER. <br /> <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 />BENEFIT PAY IS DEFINED AS THE PENSION PAY PER HOUR THAT GOES INTO <br />THE DEFINED CONTRIBUTION RETIREMENT PAY. ' , <br /> <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 />EMERGENCY) . .' <br />ALL HOURS FOR TRAINING DRILLS AND FIRE RELATED SCHOOLING. <br /> <br />HOURLY PAY ONLY...WOULD APPLY TO THE FOLLOWING HOURS: <br />HOUR$ FOR,COMMITTEE WORK THAT HAS BEEN PRE-APPROVED. <br />ALL WORK DUTY HOURS AT THE FIRE STATION. <br />ALL FIRE MEETINGS. <br /> <br />THE TOTAL BENEFIT PAYMENT WOULD BE MADE UP OF THREE FACTORS: <br />1) HQURLY WAGE PAID TO THE FIRE FIGHTERS. <br />: 2) 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 $14.25jhr, <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 /> <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 RATE. 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 6:00 AM. <br /> <br />r _ <br />