How is it funded?

The Edina Firefighters Relief Association is funded by Fire State Aid from the State of Minnesota. The State funds Fire State Aid through a 2 percent tax on fire-related insurance. Current state law requires cities with fire relief associations to pass the entire amount of Fire State Aid received from the State to the fire relief association. The City of Edina does not contribute any additional funds to the Edina Firefighters Relief Association.

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1. What is a volunteer firefighter relief association?
2. How many cities have fire relief associations?
3. How long has the Edina Firefighters Relief Association been in existence?
4. What is the purpose of the Association?
5. How is it funded?
6. How is the Edina Firefighters Relief Association Funded? Does the City contribute any funds?
7. On average, how much does the Edina Firefighters Relief Association get from the State each year?
8. On average, how much does the Edina Firefighters Relief Association get from the City of Edina each year?
9. Relief associations can either be defined-contribution retirement plans for defined-benefit retirement plans? Which does Edina have?
10. Who can join the Association?
11. How does the City account for the time of firefighters who work full-time for the City of Edina and work as paid-on-call?
12. How many members does the Association have?
13. What do members have to do to receive their annual credit?
14. How much are the Association’s current assets?
15. Who manages the funds?
16. What is the relationship between the City, the Edina Fire Department and the Edina Firefighters Relief Association?
17. What oversight does the City have of the Edina Firefighters Relief Association?
18. How many pensions have been paid by the Association?