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BOOK 96 PAGE 261 <br />FIREFIGHTERS' RELIEF AND PENSION FUND <br />The Board reviewed the following memo dated 9/22/95: <br />TO: Board of County Commissioners <br />DATE: September 22; 1995 <br />SUBJECT: Firefighters' Relief and Pension Fund <br />FROM: James E. Chandler7jC <br />County Administrator <br />Attached is a recommendation from City Manager Tom Nason and the Vero Beach Firefighters' <br />Relief and Pension Fund Board to increase the retirement benefits of the 9 active members remaining <br />in the City Plan. <br />The proposal would increase the credited service accrual rate from 2.5% to 3% for service prior to <br />October 1,1991. In 1991, the accrual rate was increased from 2.5% to 3% for service after October <br />1, 1991. The State Plan has an accrual rate of 3% that became effective January 1, 1993. Varied <br />accrual rates are applied for prior service. The Pension Board also proposes to add a supplemental <br />benefit equal to $10 per month for each year of credited service. <br />Employees in the City Plan have a 7% salary contribution, whereas there is no employee <br />contribution in the State Plan. There has been no expense to the County for several years and the <br />City Manager advises there would be none projected with the proposed changes. <br />I concur with the recommendation of the City Manager and Pension Board. <br />Tom Nason, Vero Beach City Manager, stated that this plan is <br />actuarially sound and he highly recommends approval. <br />ON MOTION by Commissioner Adams, SECONDED by <br />Commissioner Bird, the Board by a 4-0 vote <br />(Commissioner Eggert being absent) authorized the <br />increase in retirement benefits of the 9 active <br />members remaining in the City Plan, as set out in <br />the above memo. <br />APPROVAL OF HERB KALE (MEMORIAL) NATURE TRAIL AT OSLO <br />RIVERFRONT CONSERVATION AREA <br />The Board reviewed the following memo dated 9/25/95: <br />12 <br />OCTOBER 3, 1995 <br />