City will need to cover shortfall in Park Rapids firefighters' pension fund
The city of Park Rapids will need to contribute $27,311 to the Firefighter's Relief Association because of a shortfall in the retirement fund.
The city is required by state statute to make a contribution in the event of a shortfall.
Firefighter Mark Gossman and fire chief Donn Hoffman approached the Park Rapids City Council last week to explain the deficit.
Are you a newspaper subscriber but you don't have a Digital Access account yet? https://secure.forumcomm.com/?publisher_ID=40&event=subscriber/lookup.
You will need your subscription account number and phone number. Not sure if you have an account? Email us at email@example.com and we can help you.