263274 WHI7E - CITY CLERK • .C��� A
PINK -�NANCE COUIICll � / Ll
� CANAR@�DEPARTMENT GITY OF � SAINT PAITL 1 '�� Z
6::UE - MAVOR . Fll@ NO.
_ Council Resolution
Presented By
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Referred To Committee: Date
Out of Committee By Date
WHIItEAS, the Minnesota Mutuai,l Life Insurance Company, by letter dated.
February 26, 1g74, a copy of which is hereto attached and incorporated. herein by
reference, pertaining to the City e�ployee pay dependents group life irisurance,
policy Number 2881-t�, with said company, has indicated that the e�cperience und�r
the a.foresaid employee pay group life coverage h�s resulted in a riividend account
balance in the amount of $18,629.81; and
WHERF,AS, the Minriesota Mcitual Life Insurance Company in sa3.d letter makes �
a reco�end.ation concurred in by the City's Hea7.th and Welfare Insurance Comma3.ttee,
that the City Council authorize 'by resolution that this amount be paid proportionately
to those persons under said �roup who were pre�mium paying inaureds on Deeember 31,
1973 and who had been continuously ine�red for s3x �nths prior to December 31, 1}?3,
said proportion to be approximately 20°� of annual premium paid by said eli�ible
emrployee; now, therefore, be it
RESOLVID, that effective as of January l, 1974, the aforesaid 20'� of the
pre�mium paid by each such insured. described aforesaid, during the period i'rom
January 1, 1973 to December 31, 1q73, the total amount of all such refunds to eligible
City employees being in the amount of $18,629.81, to be paid to those employees
described in the preceding para�graph of this Resolution, such distri'bution to be made
by the Minnesota Mutual Life Insurance Company as soon as convenient],y possible; and
be it
FINALI,Y RE'SOI,YID, that the City Clerk be directed to pre�are a certified
copy of this resolution and deliver the same to the Minnesota Mutual Life Insurance
Compat�y as soon as conveniently possible.
COUNCILMEN
Yeas Nays �, Requested by Department of:
Konopa� J In Favor /
Levine � °
Meredith � Against B '' J
�
Tedesco
Mme.President � Hunt ,197�
Adopted by Council: Date
MpR Z 1 Form A r ed b City Attorn
.
Certified P d by Council Secretary BY
Y �—
Approv by May : Date
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By BY
pUBLiSHEB MAR i �
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THE MINNESOTA MUTUAL LIFE INSURANCE COMPANY
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Civil�Service Commission � �� � � �s�,�„�',�� Director of Personnel
Mrs.Ruth D.Schwarzwaldsr,Chalrman � � AUL John S. Haider
Mr. Harry H. Gaston �+ e �� '�
Mr.A. R.(Dick)Zangs �+�V�L S E OFFICE As818tant DlreCto�
' ' ' Thomas D.Gleason
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ST. PAUL, MINNESOTA 55102 -�''�
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March 1�+, 1974 ,� '�.7 � �I /�
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� Mr. Frank Marzitelli ' , ;�,
City Administrator ,���. ,, ' `.`,���� �
Room 365 City Hall � r ,b � .�
St. Pau1, Minnesota
Dear Mr. Ma.rzitelli:
We are attachin� hereto a resolution which was unanimously
recommended by the Health a.nd Welfare Insurance Advisory Committee
for Council approval.
This resolution gives authority to the Minnesota Mutual Life
Insurance Company to distribute dividends earned on the dependents'
life insurance policy, �2881 G, which is paid for entirely by
the employees, to these e�ployees.
We ask that you, after your review and approval, have this
resolution brought before the Council for their action.
Very truly yours,
Health and Welfare Advisory
Committee
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0 C. DEVLIN
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M£MBER
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, March 26, 1974
Minnesota Mutual Life Insurance Company
345 Cedar Street
St. Paul, Minnesota 55101
Gentlemen:
Transmitted herewith is a certif�ed copy of C.F. No. 263274
authorizing Minnesota Mutual Life �In�urance Company to distri-
bute siividends earned on the dependehts' life insurance policy,
�2881 G. •
Youra very truly,
City Clerk
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Attach.
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