HomeMy WebLinkAbout6637 - ADMIN Resolution - City Council - 1980/09/02September 2, 1980
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RESOLUTION NO. 6637
RESOLUTION AMENDING RESOLUTION NO. 6602
RELATING TO THE BENEFITS OF THE ST.
LOUIS PARK POLICE RELIEF ASSOCIATION
BE IT RESOLVED by the City Council of the City of St.
Louis Park that Resolution No. 6602 is amended to read as follows:
THEREFORE, BE IT RESOLVED that to the existing retirement
benefits provided by Minnesota Statutes, Sections 423.801, 423.809
and 423.810, shall be added the following retirement benefits for
members of the St. Louis Park Police Relief,Association:
-1. 'To 'the surviving spouse, an additional two units
per month.
2. As an additional benefit not provided in Minnesota
Statutes, Section 423.809, any member who completes 10 years
of service shall be 100% vested in the plan and shall be entitled
to start drawing, upon written application, after retiring from
duty, a benefit payable at age 50 of 1/20 times his/her years
of service times the benefit at 20 years.
3. An additional two units shall be added to the
maximum number of units available to a member who retires
before attaining the age of 50 years.
4. A "unit" as defined in Minnesota Statutes, Section
423.801, subd. 3, shall mean 1/75 of the monthly salary of a
first grade patrol officer for the second month of the previous fiscal
year as determined in the Articles of Incorporation of the
Association.
5. The required service period for a 'Deferred Pensioner'
is decreased to 10 years of service.
6. This Resolution is in clarification of Resolution No.
6602, and does not change its substantive content and shall be
effective as of July 21, 1980, the original effective date of
Resolution No. 6602.
Adopted by the City Council September 2, 1980.
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Attest:
ity C1 erk " J
Reviewed for administration: Approved as to form and legality:
ity Manager 0 City At orney