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Lakeville officials propose using state aid to shore up firefighter pension benefits
Summary
City presenters proposed allocating roughly 9% of Lakeville’s state aid to supplement firefighter defined‑benefit pensions for the next two years, with a potential increase after a SAFER grant expires in 2027; board recommended shortening vesting to a 10‑year schedule and phasing benefit increases toward the state maximum.
Lakeville City officials discussed a proposal to use a portion of the city’s state aid to support the local firefighters’ defined‑benefit pension plan.
In a presentation to the council, Speaker 1 said Lakeville received “this year was roughly, dollars 800,000 that we received” in state aid for pension benefits and described a board recommendation to allocate about 9% of that state allocation to full‑time firefighter benefits over the next two years. Speaker 1 added the share could rise to roughly 30% after the SAFER grant funding…
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