01-479Council File # � � — y'��
Green Sheet #\o C �� 3
RESOLUTION
CITY OF SAINT PAUL, MINNESOTA
Presented
Referred To
Committee Date
��
1 RESOLUTION ACCEPTING SURPLUS DISTRIBUTION FROM
2 WORKERS' COMPENSATION REINSURANCE ASSOCIATION TO CITY OF SA1NT PAUL
WF�REAS, the Workers' Compensation Reinsurance Association (WCRA) Boazd of Directors has approved a
surplus distribution of $310 million (excess investment earnings and clauns experience) to its members and
Minnesota workers' compensarion insurance policyholders, and
WHEREAS, the WCRA has distributed $1.23 billion in surplus funds since 1992, including the current $310 million
distribution, and
8 VVHEREAS, the City of Saint Paul has been a self-insured member of the WCRA since 1982; and
9 WIiEREAS, the Clty of Saint Paul has paid $4,639,328.15 in premiums to the WCRA since 1982; and
10 WHEREAS, the WCRA has previously returned a surplus distribution to the City of Saint Paul of $4,343,400;
11 and,
12 WHEREAS, Saint Paul's share of the current WCRA distribution is $1,319,268.15 which when combined with
13 previous WCRA sutplus distributions to the City equals $5,662,668.86; therefore be it
14 RESOLVED, that the City of Saint Paul accepts the current WCRA surplus distribufion of $1,319,268.15, and
15 directs the director of the Financial Services Office to deposit said funds in the city's General Fund.
Requested by Depaztment of.
�
�
�
Form Approved by City Attorney
�
Approved by Mayor for Submission to Council
by M� Date
- ^ a
�"" \
'��-,,�' �
�
AdoptedbyCouncil: Date � �}po
Adopfion C,�rtified by Council Secretary
�EPARTMENT/OFFICNCOUNCIL
�-
Councilmember Benanav
bNiACT PFRSON & PFIONE
Councilmember Benanav 266-8640
IUST BE ON COUNCIL AGENDA 8Y (DAT�
05/09/01
DAiE W�TIniEo
05/09l01
TOTAL # OF SIGNATIJRE PAGES
GREEN SHEET
0
� � _ �'��
�� i 06093
u��� u��-
❑ 4IYAiTWltY ❑ CIIYCLQK _
❑ wwNeuumrv¢¢aoR ❑ rwucuLLmnattro
❑vxo�MR�r� ❑
(GLIP ALL LOCATiONS FOR SIGPfATURE)
CouncIl approval of resolution accepting Workers' Compensation Reinsivance Associa6on surpius distriburion funds in the amount of $1,319,268.15 for
the City of Saint Paul.
PLANNING CAMMISSION
CIB COMMIlTEE
CIVIL SERVICE COMMISSION
OF TRANSACTlON t
SOURCE
Hesthis aeie«vTxm eoerxarked underacontraUtorthis departmem7
YES NO
HasMis cereaVRrm e+er bed+a cilv emobYe¢�
YES NO
Ooecthic De�cunffirm D� a sldll not na'me11YP� bY anY curteM citY �PbYee?
YES NO
k tlus P��� a farpeted vendaYt
YES NO
COS(IREVQIUE BUOfiETED (��R��E �NEI
AC7N17Y NUMBER
YES NO
(�WM
FR�M
MHY-�3-2�3i 12��
P:esonred by,
FRX N0. :
�)�� O� SPint r�J�
May. 03 2001 01:02PM P1
�5z �56 957d_ P.�31.C3i O1
RESOL.LiT10N
�!� Y (9F SAIPV� PAIJL, NtIt�NE���'A
CQreaa 59aeet # 1� � a q�
Rcfetrred To Cvmmiteee i?ate
1 RESt3LUTION t�CCEP'i'ING SURPLL3S AISTR�UTI�N PRflM
2 WORKERS' COMFENSA.TION REII3SURANCE A3SOCTA.TiON Td CITY OF SAZ?�+"f` FAUL
3 Wii�P.PA3 iIu 1Narkers' +Coiapensation Reinsurance Assocaatian �1�RA) �erd of Diroctar l� aggroved a
4 sutplus disQibu2ion of $330 miltion (excess invesf�nent eaznin`qs aad clsims expericncc) tu ifis tucmbers airJ
5?�4"maesota workrss' competuation insurance palieykoldese sud
6 �VIi:£REAS,theWCRAhasdistributty3$1.23billioninsurplusfvntlssinca1492,inc]udingthccursscn4�3lOmidlion
7 distribu�on, aad
8 W�i'�F.�.4S, the City of Saint Paul �as beea a self-insured member of the WCR� siraco 1982; and
4�.VEiEREA�, the �ity cf Saint Pau2 has paid $4,639,328.15 ua premiuma to tha WCRF, siuce 1982; and
1 Q VJFiEREAS, the WCRA Las ;arsc9ously retumed a surpfus dist�ibution to the City of 5aitu Fau1 af S¢,343,400;
l i aad,
12 V1�AS, Saint Paeil S�3LC Of t�LC COSCIIt VVCREI dISL2llftR.lDd1 fB 51 ,33 9,268.25 which w3�en aombfnad with
IS pzevious WCRA surplus distributions to the City equals 55,662,668.86; tharefoze be ea
14 RESOLVEII, t1�a7t ffie C�y vf 5aint?a!xi acceprs tho cunrat WCRA siuplus distribution o£ $1319,26S.S5, and
15 directs the dizeetor of the Financist Sezvices OfAce to deposiY saitl fUatds itt tbe city's Crenezal Fuad.
Raquest�d b3' DeP�mne� mr.
By:
Form Approved by City Attne�ey
�`J�
Adoption CettlSed l�y Couuil Seoretury
� �
Approvad by B7ayor. Date
�'-
Apptovr.d by Mayor f.t Submission to CouaofY
�:
ToT� r�.c,l
Aeoptod by Couaal: Date `
Council File # � � — y'��
Green Sheet #\o C �� 3
RESOLUTION
CITY OF SAINT PAUL, MINNESOTA
Presented
Referred To
Committee Date
��
1 RESOLUTION ACCEPTING SURPLUS DISTRIBUTION FROM
2 WORKERS' COMPENSATION REINSURANCE ASSOCIATION TO CITY OF SA1NT PAUL
WF�REAS, the Workers' Compensation Reinsurance Association (WCRA) Boazd of Directors has approved a
surplus distribution of $310 million (excess investment earnings and clauns experience) to its members and
Minnesota workers' compensarion insurance policyholders, and
WHEREAS, the WCRA has distributed $1.23 billion in surplus funds since 1992, including the current $310 million
distribution, and
8 VVHEREAS, the City of Saint Paul has been a self-insured member of the WCRA since 1982; and
9 WIiEREAS, the Clty of Saint Paul has paid $4,639,328.15 in premiums to the WCRA since 1982; and
10 WHEREAS, the WCRA has previously returned a surplus distribution to the City of Saint Paul of $4,343,400;
11 and,
12 WHEREAS, Saint Paul's share of the current WCRA distribution is $1,319,268.15 which when combined with
13 previous WCRA sutplus distributions to the City equals $5,662,668.86; therefore be it
14 RESOLVED, that the City of Saint Paul accepts the current WCRA surplus distribufion of $1,319,268.15, and
15 directs the director of the Financial Services Office to deposit said funds in the city's General Fund.
Requested by Depaztment of.
�
�
�
Form Approved by City Attorney
�
Approved by Mayor for Submission to Council
by M� Date
- ^ a
�"" \
'��-,,�' �
�
AdoptedbyCouncil: Date � �}po
Adopfion C,�rtified by Council Secretary
�EPARTMENT/OFFICNCOUNCIL
�-
Councilmember Benanav
bNiACT PFRSON & PFIONE
Councilmember Benanav 266-8640
IUST BE ON COUNCIL AGENDA 8Y (DAT�
05/09/01
DAiE W�TIniEo
05/09l01
TOTAL # OF SIGNATIJRE PAGES
GREEN SHEET
0
� � _ �'��
�� i 06093
u��� u��-
❑ 4IYAiTWltY ❑ CIIYCLQK _
❑ wwNeuumrv¢¢aoR ❑ rwucuLLmnattro
❑vxo�MR�r� ❑
(GLIP ALL LOCATiONS FOR SIGPfATURE)
CouncIl approval of resolution accepting Workers' Compensation Reinsivance Associa6on surpius distriburion funds in the amount of $1,319,268.15 for
the City of Saint Paul.
PLANNING CAMMISSION
CIB COMMIlTEE
CIVIL SERVICE COMMISSION
OF TRANSACTlON t
SOURCE
Hesthis aeie«vTxm eoerxarked underacontraUtorthis departmem7
YES NO
HasMis cereaVRrm e+er bed+a cilv emobYe¢�
YES NO
Ooecthic De�cunffirm D� a sldll not na'me11YP� bY anY curteM citY �PbYee?
YES NO
k tlus P��� a farpeted vendaYt
YES NO
COS(IREVQIUE BUOfiETED (��R��E �NEI
AC7N17Y NUMBER
YES NO
(�WM
FR�M
MHY-�3-2�3i 12��
P:esonred by,
FRX N0. :
�)�� O� SPint r�J�
May. 03 2001 01:02PM P1
�5z �56 957d_ P.�31.C3i O1
RESOL.LiT10N
�!� Y (9F SAIPV� PAIJL, NtIt�NE���'A
CQreaa 59aeet # 1� � a q�
Rcfetrred To Cvmmiteee i?ate
1 RESt3LUTION t�CCEP'i'ING SURPLL3S AISTR�UTI�N PRflM
2 WORKERS' COMFENSA.TION REII3SURANCE A3SOCTA.TiON Td CITY OF SAZ?�+"f` FAUL
3 Wii�P.PA3 iIu 1Narkers' +Coiapensation Reinsurance Assocaatian �1�RA) �erd of Diroctar l� aggroved a
4 sutplus disQibu2ion of $330 miltion (excess invesf�nent eaznin`qs aad clsims expericncc) tu ifis tucmbers airJ
5?�4"maesota workrss' competuation insurance palieykoldese sud
6 �VIi:£REAS,theWCRAhasdistributty3$1.23billioninsurplusfvntlssinca1492,inc]udingthccursscn4�3lOmidlion
7 distribu�on, aad
8 W�i'�F.�.4S, the City of Saint Paul �as beea a self-insured member of the WCR� siraco 1982; and
4�.VEiEREA�, the �ity cf Saint Pau2 has paid $4,639,328.15 ua premiuma to tha WCRF, siuce 1982; and
1 Q VJFiEREAS, the WCRA Las ;arsc9ously retumed a surpfus dist�ibution to the City of 5aitu Fau1 af S¢,343,400;
l i aad,
12 V1�AS, Saint Paeil S�3LC Of t�LC COSCIIt VVCREI dISL2llftR.lDd1 fB 51 ,33 9,268.25 which w3�en aombfnad with
IS pzevious WCRA surplus distributions to the City equals 55,662,668.86; tharefoze be ea
14 RESOLVEII, t1�a7t ffie C�y vf 5aint?a!xi acceprs tho cunrat WCRA siuplus distribution o£ $1319,26S.S5, and
15 directs the dizeetor of the Financist Sezvices OfAce to deposiY saitl fUatds itt tbe city's Crenezal Fuad.
Raquest�d b3' DeP�mne� mr.
By:
Form Approved by City Attne�ey
�`J�
Adoption CettlSed l�y Couuil Seoretury
� �
Approvad by B7ayor. Date
�'-
Apptovr.d by Mayor f.t Submission to CouaofY
�:
ToT� r�.c,l
Aeoptod by Couaal: Date `
Council File # � � — y'��
Green Sheet #\o C �� 3
RESOLUTION
CITY OF SAINT PAUL, MINNESOTA
Presented
Referred To
Committee Date
��
1 RESOLUTION ACCEPTING SURPLUS DISTRIBUTION FROM
2 WORKERS' COMPENSATION REINSURANCE ASSOCIATION TO CITY OF SA1NT PAUL
WF�REAS, the Workers' Compensation Reinsurance Association (WCRA) Boazd of Directors has approved a
surplus distribution of $310 million (excess investment earnings and clauns experience) to its members and
Minnesota workers' compensarion insurance policyholders, and
WHEREAS, the WCRA has distributed $1.23 billion in surplus funds since 1992, including the current $310 million
distribution, and
8 VVHEREAS, the City of Saint Paul has been a self-insured member of the WCRA since 1982; and
9 WIiEREAS, the Clty of Saint Paul has paid $4,639,328.15 in premiums to the WCRA since 1982; and
10 WHEREAS, the WCRA has previously returned a surplus distribution to the City of Saint Paul of $4,343,400;
11 and,
12 WHEREAS, Saint Paul's share of the current WCRA distribution is $1,319,268.15 which when combined with
13 previous WCRA sutplus distributions to the City equals $5,662,668.86; therefore be it
14 RESOLVED, that the City of Saint Paul accepts the current WCRA surplus distribufion of $1,319,268.15, and
15 directs the director of the Financial Services Office to deposit said funds in the city's General Fund.
Requested by Depaztment of.
�
�
�
Form Approved by City Attorney
�
Approved by Mayor for Submission to Council
by M� Date
- ^ a
�"" \
'��-,,�' �
�
AdoptedbyCouncil: Date � �}po
Adopfion C,�rtified by Council Secretary
�EPARTMENT/OFFICNCOUNCIL
�-
Councilmember Benanav
bNiACT PFRSON & PFIONE
Councilmember Benanav 266-8640
IUST BE ON COUNCIL AGENDA 8Y (DAT�
05/09/01
DAiE W�TIniEo
05/09l01
TOTAL # OF SIGNATIJRE PAGES
GREEN SHEET
0
� � _ �'��
�� i 06093
u��� u��-
❑ 4IYAiTWltY ❑ CIIYCLQK _
❑ wwNeuumrv¢¢aoR ❑ rwucuLLmnattro
❑vxo�MR�r� ❑
(GLIP ALL LOCATiONS FOR SIGPfATURE)
CouncIl approval of resolution accepting Workers' Compensation Reinsivance Associa6on surpius distriburion funds in the amount of $1,319,268.15 for
the City of Saint Paul.
PLANNING CAMMISSION
CIB COMMIlTEE
CIVIL SERVICE COMMISSION
OF TRANSACTlON t
SOURCE
Hesthis aeie«vTxm eoerxarked underacontraUtorthis departmem7
YES NO
HasMis cereaVRrm e+er bed+a cilv emobYe¢�
YES NO
Ooecthic De�cunffirm D� a sldll not na'me11YP� bY anY curteM citY �PbYee?
YES NO
k tlus P��� a farpeted vendaYt
YES NO
COS(IREVQIUE BUOfiETED (��R��E �NEI
AC7N17Y NUMBER
YES NO
(�WM
FR�M
MHY-�3-2�3i 12��
P:esonred by,
FRX N0. :
�)�� O� SPint r�J�
May. 03 2001 01:02PM P1
�5z �56 957d_ P.�31.C3i O1
RESOL.LiT10N
�!� Y (9F SAIPV� PAIJL, NtIt�NE���'A
CQreaa 59aeet # 1� � a q�
Rcfetrred To Cvmmiteee i?ate
1 RESt3LUTION t�CCEP'i'ING SURPLL3S AISTR�UTI�N PRflM
2 WORKERS' COMFENSA.TION REII3SURANCE A3SOCTA.TiON Td CITY OF SAZ?�+"f` FAUL
3 Wii�P.PA3 iIu 1Narkers' +Coiapensation Reinsurance Assocaatian �1�RA) �erd of Diroctar l� aggroved a
4 sutplus disQibu2ion of $330 miltion (excess invesf�nent eaznin`qs aad clsims expericncc) tu ifis tucmbers airJ
5?�4"maesota workrss' competuation insurance palieykoldese sud
6 �VIi:£REAS,theWCRAhasdistributty3$1.23billioninsurplusfvntlssinca1492,inc]udingthccursscn4�3lOmidlion
7 distribu�on, aad
8 W�i'�F.�.4S, the City of Saint Paul �as beea a self-insured member of the WCR� siraco 1982; and
4�.VEiEREA�, the �ity cf Saint Pau2 has paid $4,639,328.15 ua premiuma to tha WCRF, siuce 1982; and
1 Q VJFiEREAS, the WCRA Las ;arsc9ously retumed a surpfus dist�ibution to the City of 5aitu Fau1 af S¢,343,400;
l i aad,
12 V1�AS, Saint Paeil S�3LC Of t�LC COSCIIt VVCREI dISL2llftR.lDd1 fB 51 ,33 9,268.25 which w3�en aombfnad with
IS pzevious WCRA surplus distributions to the City equals 55,662,668.86; tharefoze be ea
14 RESOLVEII, t1�a7t ffie C�y vf 5aint?a!xi acceprs tho cunrat WCRA siuplus distribution o£ $1319,26S.S5, and
15 directs the dizeetor of the Financist Sezvices OfAce to deposiY saitl fUatds itt tbe city's Crenezal Fuad.
Raquest�d b3' DeP�mne� mr.
By:
Form Approved by City Attne�ey
�`J�
Adoption CettlSed l�y Couuil Seoretury
� �
Approvad by B7ayor. Date
�'-
Apptovr.d by Mayor f.t Submission to CouaofY
�:
ToT� r�.c,l
Aeoptod by Couaal: Date `