HomeMy WebLinkAbout93-186 - ADMIN Resolution - City Council - 1993/11/15RESOLUTION NO.
93-186
RESOLUTION AUTHORIZING AN INCREASE IN THE PENSION MULTIPLIER
FOR MEMBERS OF THE POLICE AND FIRE CONSOLIDATED FUND
WHEREAS, the 1993 Legislature amended Chapter 352 to increase the pension multiplier
for members of the PERA Police and Fire Fund from 2.55 to 2.65% and increased the
duty related disabilities 50% to 53%; and
WHEREAS, members of the consolidated fund may not receive the increased benefits
unless approved by the local governing;
NOW THEREFORE, BE IT RESOLVED by the City Council of St. Louis Park that the City
of St. Louis Park approves the pension increases approved by the 1993 Legislature for
its employees who are members of the consolidated fund.
November 15, 1993
Revi-wed for administration:
C y t anager
Adopted by the City Council
/04,11,2
Approved assto form and execution:
x LLeiM l� Ak t
Cty Attorney