90-147 � �� �'�A� ' Council File # - �
Green Sheet # /0�T
RESOLUTION -
CITY OF SAINT AUL, MI ESOTA l`7�;
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Presented By . ' �� ' �:'�u—
Referred To Committee: Date
WHEREAS, The Saint Paul Fire Department Relief Association is a pension fund
created by statute and to which certain fire department personnel and the City
contribute sums of money to maintain the fulfillment of its objectives, and
WHEREAS, The Association changed its by-laws in November 1989 and Minnesota
Statute 69.77 requires approval by the City of the by-laws or amendments thereto,
before they become effective, if the City contributes to the pension fund, and
WHEREAS, the effect of the by-law change will reduce the period of time for
vesting from twenty years of service to five years of service.
WHEREAS, an actuarial valuation has been obtained indicating a minimal
financial impact to the Saint Paul Fire Department Relief Association, and
WHEREAS, the amendments to the by-laws are attached hereto, now therefore,
be it
RESOLVED, that the Council of the City of Saint Paul hereby approves of the
association by-laws as amended, which are attached hereto and incorporated by
ref erence.
Y! �. s+a Nays Absent Requested by Department of:
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onws z � Finance and Manage e t Services
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Adopted by Councils Date
JA N 3 0 1990 Form ppr ve y Ci At rne
Adoption Certified by Council Secretary gy:
By� Ap ro ed by Ma o for S �ission to
Approved by Mayor: Date JA N 3 � ���0 Co n il
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By: i
1�..��.���?�� By:
PUB1tSHE0 F E 3 1 p 19 90
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DEPARTMENTIOFFlCE/COUNpI DATE INITIATED � O� /�
Finance and Mana ement S rvices O1/05/90
GREEN SHEET No. `+
CONTACT PERSON 3 PHONE INITIAU DATE INITIAUDATE
�DEPARTMENT DIRECTOR �CITY COUNCIL
Gary R. Norstrem 292-701 N�� �CITY ATTORNEY 5�CITY CLERK
MUST BE ON COUNqL AOENDA BY(DA ROUTINO �BUDOET DIRECTOR m FlN.8 MOT.SERVICES WR.
�MAYOFi(OR ASSISTANT) �
TOTAL#►OF SIGNATURE PAO �� (CLIP ALL LOCATIONS FOR SKiNATUR�
ACTION REQUES'TED:
Pass Resolution approvin Saint paul Fire Department Relief Association by-law chanqes which reduce vesting
from 20 years to 5 years
RECEIVED
F�COMMENDATION8:Approvs(Iq a Re (R) COUNCIL�MMITTEE/RESEARCN REPORT OPTIONAL
_PLANNINO COMMIS310N - VIL SERVICE COMMISSWN �Y� v ` � � PHO
_q8 OOAAMITTEE _
_�,� _ coMME�rs: HE OlRECTOR
_����u� �,A N 1 �l 1��� DEPARTMENT OF FiNANCE
BUPPORTS WHICH COUNpL OBJEC7IVE fo �,. , �'NQ MANAGEMENT SERVICES
�ITY �O , . � ��P�'. �, ��:
INITIATINO PROBLEM,ISSUE,OPPO TY(Wfw.Whet.Wlbn.Whsro,Why): .
Presently, the Fire Reli f Association members are not entitled to anp pension benefits or refund of pension
contributions until they ave 20 years of service. The by-law chanqe provides for vesting after 5 years of
service. The Police Rel' f Association members and PERA members already have 5 year vestinq. This is a
NO COST item to the City.
ADVANTAOES IF APPROVED:
Allows members of the Fi Relief Association to obtain some benefit for their contributions to pension plan if
they leave the job after or more years of service.
DISADVANTACiE3 IF APPROVED:
xoxE RFCclUED
�V19)990
��T`t GL�K�
DIBADVANTAOE8 IF NOT APPROVED:
Fire Relief Association m mbers who leave the job with less than 20 years of service will not be eligible for
any benefit resulting fro their contributions and City contributions toward their pensions.
�out�cil �esearch Genter
JAN 17 �990
TOTAL AMOUNT OF TRANSACTION a NONE COST/REVENUE BUDOETED(CIRCLE ON� YES NO
FUNDING SOURCE ACTIVITY NUMOER
flNANpAL INFORMATION:(DCPLAIN)
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Al JOHN,PRESIDENT� OONAID A.FlSf:11ER,VICE PR�IDENT EDWARD A.PIERRE.TREASURER JAMES f.THOEMKE,SECRETARY
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MlTRO SOUARE SUtIDINO
SUITE 261
fEVENTH�nd ROSERT
ST.VAUL,MiNNESOTA 56101
({12)!f�-1 tq
AMENDMENTS TO THE SAINT PAUL FIRE DEPARTMENT RELIEF ASSOCIATION BY—LAWS,
APPROVED BY THE MEMBERSHIP IN NOVEMBER 1989.
Page 45
Article IX
Section 3:
Not withstanding previous provisions, and in accordance with
enablin2 statutes (Mi.nnesota Statut.es 423A .19) ;
Each member havirig not less then Five (5) years service, and
having no more then 20 years service will be entitled to 1 unit
for each year of service within the St. Paul Fire Department
Relief Association through such members nineteenth (19) year.
In the Twentieth (20) year, such member will be vested in previous
fashion, allowing him to collect Thirty one (31) units. No payment
is collectable until separated member's fiftieth (50) birthday.
Page 43
Article VIII
Section 2
Subsection e)
add:
i) A Widow of a seperated member through early vesting will be
entitled te 0.7 of a unit for each year of service earned.
�
C 'fied Correct: January 5, 1990
�
es F. Thoemke .
Secretary