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<br /> <br />',:~t'wJ. I.'.. ~.R-.,, _. .. .y . <br />K„ .." }3 ~.. :. "'+~: <br />- 4 :.._.~ <br />-'-~: i. <br />~ <br />r ,_ .. .. <br />- ~ ': 1~.Yf'NN' _ <br />.. ~ <br />1 ~.CY <br /> <br />.- <br />.~:.11!nwatr ...a1 '-:JZ ~..: a...1...F.i: N.g'"i '13` ..~~:. ..._'f/~. ;.~'... ~..y ~-. .. .. ~.4Y~: .1. - - <br /> <br />Page 2 Memo Firefighters Relief and Retirement Fund S.B.411 <br />The balance will be applied to Semi-annual costs billed for <br />the first six months Retired & widowed payments. <br />• Actual Number of firemen (42) X $72.00 = $3,225.00 <br />$50 per month to retired & widowed = 4,500.00 <br />Six month payment $7,725.00 <br />(42 firemen and l5 retired & widowed = $15,50.00 :annual- __ <br /> <br />On July 7, 1981 the La Porte Volunteer Firemen voted 100 to <br />go into the new pension system (S.B.411) <br />The new S.B.411 would relieve the Cityof all responsibility <br />for funds as far~as'"book keeping, filing annual reports and <br />paying retirees ,and widows. City would be billed every six <br />months (Jan. 1 and July l). City would be furnished annual <br />reports as to the statis of each fireman in the program dust <br />as the City's retirement program works. <br />It is my recommendation that City Council authorize the Mayor <br />to sign the contract with the "Firemen's Relief and Retirement <br />Fund S.B.411" for the health and well being of the La Porte <br />Volunteer Firemen who so faithfully serve this City. <br /> <br />Paid by City <br />Service Retirement Benefits Widows Benefits Total <br />1978--------X6,450. --------------------$3,250.00------$9,700. <br />1979-------- 5,600. -------------------- 3,800.00------ 9,400. <br />1980-------- 5,400 -------------------- 3,650.00------ 9,050 <br /> <br />Consider the cost of a paid Fire Department. <br />L~ <br />,, <br />