HomeMy WebLinkAbout6581 - ADMIN Resolution - City Council - 1980/06/16RESOLUTION NO; 6581
A RESOLUTION ON POLICE
AND FIRE PENSIONS
WHEREAS, Laws 1980, Chapter 607, Article XV and Chapter 341,
initiate changes in police and fire pension coverage which necessi-
tated action on the part of the St.Louis Park City Council; and
WHEREAS, the City Council wishes to respond to these legisla-
tive changes in a timely manner; THEREFORE,
BE IT RESOLVED by the City Council of the City of St. Louis
Park as follows:
1. That all sworn police and fire service employees
hired after June 15, 1980, be covered by the State
PERA-Police and Fire Fund.
2. That the City Council totally support adequate funding
of the local pension plans and continued local plan
coverage for current employees and members.
3. That staff be authorized to work with representatives
of the local pension funds to develop a proposal and
supporting documentation for local fund benefit
increases, including ten-year vesting and beneficiary
pensions.
4. That the employee contribution to the local funds be
increased to seven percent on January 1, 1981, and to
eight percent on January 1, 1982.
Adopted by the City Council June 16, 1980.
Attest:
Reviewed for administration:
City Manager
Acting)
Y0e,dazi
Approved as to form and legality:
City /torney