261156 WHITE - CITY CLERK CO1111C11 261�.�s
PINK • - FINANCE GITY OF SAINT PALTL
CANARY - DEPARTMENT
BI..UE - MAYOR File NO.
` un 'l Resolution
. �Presented By
Referred To Committee: Date
Out of Committee By Date
WH&REA3, the Minnesota Mutual Life Insurance Company,
by letter dated April 2, 1973, a copy of which is hereto
attached and incorporated herein by reference, pertaining to
the City employee pay dependents group life insurance, policy
Number 2881-G, wi.th said company, has indicated that the exper-
ience under the aforesaid employee pay group life coverage has
resulted in s dividend account balance in the amount of $�+4,736.19;
and
WF�R�AS, the Minnesota Mutual Life Insurance Company in
said letter makes a recommendation concurred in by the City's
Health and Welfare Insurance Committee, that the City Council
authorize by resolution that this amount be paid proportionately
to those persons under said group who were premium paying insureds
on December 31, 1972 and who had been contint�o�sly Siw�s� for
si.x months prior to December 31, 1972, said proportion to be
approximately 60°f, of annual premium paid by said eligible employee;
now, therefore, be it
RES�I,VED, that effective as of danuary 1, 1}73, the
aforesaid 60°�, of the premium paid by each such insured described
aforesaid, during the period from January 1, 1972 to December 31,
1972, the total amount of all such refunds to eligible City
employees being in the amount of $44,736.19, to be paid to those
employees described in the preceding paragraph of this Resolution,
such distribution to be made by the Minnesota Mutual Life Insurance
Co�pany as soon as conveniently possible; and be it
FINALLY RE.S�LVED, that the City Clerk be directed to prepare
a certif�:ed copy of this resolution and deliver the same to the
Minnesota Mutual Life Insurance Gompany as soon as conveniently
possible.
COUIVCILMEN
Yeas Nays Requested by Department of:
�krr►t� Butler
�1Zonopatzki In Favor
d.e4iYee-
Meredith � Against BY
�re€3�� Roedlor
Tedesco
Mme.President�ut�et HLiAt
•oR �e� � Form Ap�lpved by City Attorney
Adopted by Council: Date Ar � t
Certif' d sed by Co i tary BY
By
Approved r: te �7 �� Approved by Mayor for Submission to Council
By BY
PUBLISHED MAY 51973
. ���,�'
y-�. -���, :
�� �`�NESQ f
� � TME MINNESOTA MUTUAL LIFE INSURANCE COMPANV '
� 346 Cedar Street, Saia[Pa¢1, Minataote �StOt �
�►�? `,��
AL
ec: Joi�a ilevlia ,
?65 Citv Iia.I.I
: Ci[p of St. Psul
`St. Pan1,.Minn�sota ,SS7�4�
' Zlen�datl Phillips 6-740 '
�'z;�ril 2, I�73 Joha Graatisr 6-75"�
; D�2a '.Toh�msen 6-767 :
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:i�T ot St. 'Pavl
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f���\ Vil.i' YT� �i�.�AYM1 .�. ���-�� :� . . . .:. -�. �- .:.
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` LMtL' I'#'a BL�+��:'
� 'i�s p�tc�st+�a ��tsh aivsde�a a� tLSs p2an Eor rb+e Janr�.ry i, 13t2 00
3ans� I, 3�73 F4iicy ysar is 6��. i`his pacsreataga eaa b� p�3e1 ist
� tash to t.t�a�a �Ia�s �o ��t�s inauc�d oa D�caaber 31, 1�7Z t� v�a
v�stie al�w inas�ed oa July 1. 1�72. Tba di���d �I � a p��ata�a
a! � �li�i�1� +�rploX:a's aBO�at ds�t prrsitis.
�osa'ds� chrcka Fc�x the aligibl�. �lolsaas w oMd to Ic�r it
Y t�is r�a�dation is antia�actas�r �ar tba CitT.
5tnc.a�ly, -
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dacsistaat �atuss�
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cc� �ir. John Devlin
?65 City Hall
: Citv of St. Paul
St. Paul, i4innesota 55102
t7enda1l Phillips - b-790 :
John Grantier -- 6-759
Dale Johansen - 6-767
. i�arch ,14. 1973
��ir. John �1�id��
Chief Examiner & Director
of Personnel
City of St. Paul
< City`Hall
St. Paul, �iinrte�ota 55102 :
CITY OF ST. P�IIL
DEPENDENTS LIFE TNSIIRAI�CE PLAN
PULICY N0. 23aI-G ,
Dear Mr."Ha�.der:
The clividend on ehis plan for tt�� 3a�uary 1, I972 to January 1, 1973 policy
pear ts $k3,08a. TtzE pre�3um paid for the po:icy year was $35.705.' Zncurred
clai�ns are $32,OQ0, and a Iistinu of these claims is enciosed.
A convcrsio� chargc of $60.00 per $3,(?00 of insuranca is charged for depen-
denCs who converC their insurance to indivi�iu�l policfes issued by Piinnesota
xiutual. In ttte po2icy year twa esapZayees cor►verted a totril of $2,000 of
insurance, and �he canvarsiun cltar�e is $Z20. A lis� of the policy year
caaversions ia enelosed.
The following Cable shows the total divic3ends available for disCribution
� nn January Z, 1973:
�Iance at in�erest. 3anuarq I, I372 $1,5�G.9i3
(�ep�rted by 2c�ter, Ap�il 17, 1972)
Dfvidend due 3anuary l, 1972 fo� N3.col:�a Cocchiarell.� ' $ I7.28
(DraWn A�ri3. 18, 1972) _ �
Ad�ustad balance at 3nterest, Januazy 1, 1972 $1,569`.7a
fi � � ,�
.. ,.
, T�, ,
.. •
�- � �
�ir. John Haider
City of St. Paul - 2 _
March 14, I973
Znterest to Januarq I, I973 at S� $ `7F3.49
Dividends earned-January 1, 1973 47 I6$ QO
ToL�I dividend January I� I973 ` $48,8I6.Y9
4Je recamacnd that �hese dividends be paid 3n cash to thos� em�loyeen who were
iasured oa D�ceanbar 3I, 1972 and wizo werQ �3.�o insured on Su2p 1, 1.972. The
:dividead wauld be � perccnta�w of each elfi�f�Ie emp2oyee's Anaual dependent
premium. We are iu elie proce�s of deternzining tl�e c�act percentage cash divi--
d�nd Co be paid. This percenLage will be about 55x and wc3 should b� able to =
�ive pou the exact figeire eoon. :
_, tir. Aaidex. please let me kaow if this rec�mendation is sstisfactory ta the
City.
Siacerely yours..
3ame� �, Jolineon
Assfstaat �ctuarp :
3�J:trrr�
EA�.
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Revised :
CLAIiIS REPORT
POLICY v0. 288I-G DEF�NDENTS
1-1-72 to 1-I-73 '
DEATH .
:` Nrme Date of Death Amount
Fr�ncis tJethern 1-24-72 � 1,000
Doris Dols 3-27-72 i,Q00
' Ericicson' 4-22-72 3,000
C3r1 Ahl 5-06-72 3,000
`' David Wanner 6-16-72 1,000
��Ia�ilyn Een�ke : E-30-72 ` 3,OQ0
Rayella Tschida �-23-72 3,000
Ja�ne.s Novc,tny 9-24-7 2 1,OQ0
�ean Jansen 10-II-72 3,0�70
Sidney Novak 11-30-72 1,00(�
Agne� Rc�ss 12-Q9-72 1_,000
Jam�s Mcerr�y 12-1?-72 3,06�
Ituth Arnould 12-17-72 3,000
Total $2?,000
AD&D
` Doris Dols 3-27-72 $ 1,000
Total $ 1,000
Grand Total ' $28,000 `
i `