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279615 WHITE - C�TV CLERK 1 ^��A � PINK - FINANCE G I TY OF SA I NT 1 AU L COUIICII � V� CANARY - DEPARTMENT �J�DE�'.V� File NO. OLUE - MAVOR � Council Resolution � Presented By d Referred To Committee: Date Out of Committee By Date WHFREA3, The Minnesota N.�i.tual Life Insurance Company i.nsures the lives of dependents oP employees of the City of Saint Paul under their Pbliey No. 2881-G, and WHII�FAS, The Minnesota Mutual I,ife Insurance Compa�y by a l.etter dated November 24, 1982, a copy of which is attached hereto and incorporated. herein by reference, indicates that the experienee under the afore-meritioned graup life insurance policy has resulted in a dividend account balance in the ampunt o� $73,785•�• WHII�EAS, The Minnesota Mutual I,ife Insurance Compat�y in said letter mak.es a recormnend.ation that the City Council authorize by resol�,tion that this amount be paid proportionately to these persons under said group who were in�ured on S�ptember 30, 1982, now therefore BT IT RESOLVE�, The Mi.nnesota Mutual Life Insurance Company is hereby authorized to distribute to sueh eli.gible employees a dividend representing approximate],y 55`� of the premiwn paid, and BE IT FII�ALLY RESOLYID, That the City Clerk be directed to prepaxe a certified copy of this resolution and deliver the same to the Minnesota Mutual Life Insurance Comparu�yy as soon as conveniently possible. COUNCILMEN Requested by Department of: Yeas Nays � F�etcher PER50 EL OFFICE �°"'"e" In Favor Masanz � Nicosia scne�nei __ Against BY Tedesco ' Wilson � DEC � 3 1g�2 Form Approvgd by it ,A ey Adopted by Council: Date , • ' i Certifie Passed y oun .ii Secretary BY r ' By tappro ;Vla o�: D _ EC 2 919gZ Approve y or fo Submiss� o ncil ., By - BY � PUBLISHED D E C 3 Z 1982 w. -. ; �a ' - a 96�.5 OFFICB EPARTt�1ENT I� �°� �� ONTACT � /� �' 1 NONE `� � r�Q�, e . 11-2 -82 DATE (Routing and Explanation Sh t) Assi n Nu r for Routin Or�r Cli Al1 Locations for oral Si nature : , . De tment Di rector ty� Attorney . � ' 3 ir tor of Management/Mayor ��T��' na� ce and Management Servi ces Di rector �� 9 1�� + it Clerk ��►YO�c�c o�� Bud et Director What Will ;be Achieved b Takin Action on the Attached Materials? Pur ose Rationale : �tployees �r1.11 receive a dividend on p�e�i.mos thepr paid. I ' Financial, 8ud etar and Personnel I acts Antici ated: , �one � Funding Si�urce and Fund Activity Number Charged or Credited: NOYIE Attachmen s List and Number all Attachments : Propcsed esolution Letter f�r Minnesota �itu$1 , DEPARTME T REVIEW CITY ATTORNEY REVIEW ' Yes No Council Resolution Required? Resolution Required? � _ Yes No Yes ' No Insurance Required? Insurance Sufficient? � Yes No Yes No Insurance Attached? , I Revision of October, 19�2 ' (See Reverse Side for 'Ir�structions) � � ��6�� MINNESOTA 00 North Robert St leet enter MlJ1UAL LIFE st.Paul,Minnesota 55101 612/29&3500 November 24, 1982 Mr. Thomas Gleson Director of Personnel City of St. Paul 265 City Hall St. Paul, MN 55102 RE: CITY OF ST. PAUL DEPENDENTS GROUP LIFE INSURANCE PLAN POLICY #2881-G Dear Mr. Gleason: The dividend on this plan for the October 1, 1981 to October 1, 1982 policy year is $73,785. The premium paid for the policy year was $135,609. Incurred claims were $45,000. A listing of the claims is enclosed. A conversion charge of $60 per $1,000 of insurance is charged for dependents who convert their insurance to the individual policies issued by Minnesota Mutual. During the policy year, seventeen dependents converted a total of $46,000 of insurance, and the conversion charge is $2,760. A list of the conversions is also enclosed. The following table shows the total dividends available for distribution on October 1, 1982: Balance at interest October 1, 1981 $ 136.69 Interest to October 1, 1982 at 9.Oo 12.30 Dividend earned October 1, 1982 73,785.00 Total dividend October 1, 1982 $73,933.99 We recommend that these dividends be paid in cash to those employees who were insured on September 30, 1982. The dividend will be a percentage of each "W�i��6.�_�1" Mr. Thomas Gleson November 24, 1982 Page 2 eligible employee's premium for the policy year. Distribution of the dividend checks can begin just as soon as we receive your authorization. If you have any questions about this letter, please let me know. Sincerely, �� ' �� Robert Olafson - Assistant Actuary RO:eh Encl. cc: Mr. John Devlin, City of St. Paul Dale Johansen - 17-3759 Alice Johnson - 16-3722 Jim Johnson - 16-3724 Dave Smith - 16-3790 ��d ��.�.� CITY OF ST. PAUL DEPENDENTS GROUP LIFE INSURANCE PLAN Policy No. 2881-G CLAIMS REPORT 10-1-81 to 10-1-82 DE ATH Age at Name Date of Death Death Amount Biron, Loretta 03-08-82 57 $ 3,000 Dinsmore, Marilyn 06-28-82 45 3,000 Feinberg, Linda J. 01-23-82 36 5,000 Fischbach, Blanche E. 12-31-81 66 3,000 Hoff, Maureen 05-16-82 38 2,000 Kellerman, Mary 02-14-82 56 6,000 Lund, Audrey J. 11-05-81 44 1,000 Menne, Verna Mae 03-14-82 57 2,000 Novak, Mary E. 08-16-82 49 6,000 Olson, Nellie E. 11-16-81 75 3,000 Piram, Denise M. 03-OS-82 17 2,000 Weiszel, Charlotte 06-15-82 53 8,000 Young, Kimberly E. 03-24-82 15 1,000 $45,000 There were no AD�D claims this year. �"1��.� CITY OF ST. PAUL DEPENDENTS GROUP LIFE INSURANCE PLAN Policy No. 2881-G CONVERSION REPORT 10-1-81 to 10-1-82 Name Effective Date Amount Converted Benson, Judy K. 06-02-82 $ 3,000 Carel, Audrey A. 03-15-82 3,000 Carroll, Rose M. 03-31-82 3,000 Dohman, Glorian E. 03-01-82 3,000 Gilbert, Mary E. 03-01-82 1,000 Hall, Bayette C. 03-27-82 3,000 Hall, Kala K. 03-27-82 3,000 Hall, Tanu 03-27-82 3,000 Hall, William M. 03-27-82 3,000 Hoffman, Arline R. 11-08-81 3,000 Ludden, Phyllis A. 02-08-82 2,000 Myers, Adelaide F. 05-28-82 2,000 Quist, Verna L. 09-01-82 2,000 Truso, Delores C. 03-01-82 2,000 Weidner, Helen J. 03-27-82 4,000 Wheeler, James R. 10-01-81 3,000 Winiecke, Pamela J. 10-01-81 3,000 $46,000 �� C;� ��x o��• S�x��r P.�ur� �� " �� -� (� i:w- � 3`_•, :�; U��'1�'ICF. UN' 'i'F�Ir C.I'PY COE7I�CIZ. �f`jV�.�� ,. �:�Z�� ;'�_ D a t e . Decer�be r 1�, 1982 �.y -- .�+ �_ `�� COMMITiEE REP � �T TO = Satnt Paul City Cou�cit � FR Q (� = COt71�11��'�L Oh Finance, Mgmt. F, Personnel C H �t 1 R Jim Scheibel - 1. Approval of. minutes from meeting held December 9, 1982. � ' - 2. 195�' Bond Sale (Finance Dept.) 3. Resolut authorizing additions to the 1982 Equipment Services Fire � Police � Bue�get. -. e Department) - , 4. Resolutio thorizing an Agreenent between the City of St. Paul arid the U of M hhereby the will provide an instructor to teach in the U of Tf's Division of School Heal ucation. (Health Dept. � S. Resolution �authorizing the Port Authority to sell industrial development revenu - � bonds for the Broadway Square project at Fifth F, Broadway Sts. (Port Authority . � 6. Resolution authorizing the Dept. of Finance � I:igmt. Services to pay the Assn. of Dfetropolitan A�unicipalities and the League of rlinnesota Cities for memberships. (Finance Dept.) � Ftesolution authorizing the Minnesota bfutual Life Insurance Co. to nake payments to employees of the City for dividends earned throuah the Group Iiealth Insurance policy. (Personnel) � - 8. Resolution amending the Civil Service Rules for employees in the Fire F, Police Groups to insure that aII in these gronps live ►,�ithin areas from tiahich they can report to duty in a timely manner. (Personnel) . 9. Reso 'on revising the fee schedule for emergency medical services, a fee for fa larms caused by malfunctioning electronic fire sur��eillance equipment, a fee structure for certain fire revention inspection services. ( Dept.) �� ' ' �� .�x � ,�:-u�.�.C., ��-.-�. : � 10. Resolution concerning a hot water District Heating System 11. Resolution authorizing the investment of HRA Pension Plan contributions to be transferred from Afutual Benefit Life Insurance Co. to Investment Advisors, Inc � . �-- - � f-,�/� - :_ 7��! � ,..:`°�°�- � CITY OF SAINT PAUL 11 i 1�:�ii -~'� '-�`'�� OFFICE OF THE CITY CLERK � S O '�� J � 1��'.�� j� + '"" jp0 „� ALBERT B. OLSON, CITY CLERK . - `�, �••• �.�' 386 City Hall,Saint Paul,Minnesota 55102 '�•T�.,,,...� 612-298-4231 GEORGE LATIMER MAYOR January 4, 1983 Minnesota Mutual Life Insurance Company 400 No. Robert St. Paul, Minnesota 55101 Dear Sir/Madam: Enclosed for your information is a certified copy of C.F. No. 279615. This resolution authorizing Minnesota r4utual Life Insurance Company to distribute dividends to eligible employees was adopted by the St. Paul City Council on December 23, 1932. Very truly yours, 1 ; ' Albert B. Olson City Clerk Attach. sch ��O