242458 ' 242458
� ORIGINAL TO CITY C RK
• � CITY OF ST. PAUL FOENCIL Nd.
' OFFICE OF THE CITY CLERK
COUNCIL/�SO UTION—GENERAL FORM
PRESENTED BY
COMMISSIONE � DATF
WHEREAS, In the matter of the group insurance program
now established for Saint Paul City employees group insured
under policies with The Minnesota Mutual Life Insu rance Company,
insurer, Policy No. 365379-G, in effect prior to January 1,
i969, because of unfavorable mortality experience during
said year dividends have failed to accumulate as rapidly as
in p evious years , leaving a balance in the dividend account
of �3,711.67 as of Januaryl, ig69; and
WHEREAS� The Minnesota Mutual Life Insurance Gompany,
in i s letter of February 17 , 1g6g addressed to Commissioner
Robe t F. Peterson, Chairman of the City' s Health and Welfare
and Insurance Committee , a copy of which is hereto attached
and incorporated herein by reference, recommends to this
Coun il, said recommendation being concurred in by the Gity' s
Heal h and Welfare and Insurance Committee , that this Council
leav the accumulated dividends in the aforesaid amount of
�3,711.6'7 with the said Minnesota Mutual Life In.surance Company
at 6 percent interest, and that no distribution from said
divi end account be made at this time ; now, therefore,be it
� RESOLVED� That the Council hereby determines that the
� afor said amount of accumulated dividends , in the sum of '
r► �3,7 1.67, be left on deposit, with The Minnesota Mutual Life
� Insu ance Company, and that no distribution of said balance
� � in s id account be made for 1g69; and be it
� �
��` � � FURTHER RESOLVED� That the City Clerk be and he is
p here y directed to prepare a certified copy of this Resolution
� and eliver the same to The Minnesota Mutual Life Insurance
� _ Comp ny without unnecessary delay.
...
,�
M�t � 1969
COUNCI MEN Adopted by the Council 19—
Yeas Nays � � ��s�
Carlso
Dalgli h Approve 19—
Mered th � �
_�n Favor
Peters n '
Spr u C� Mayor
Tedes Against
Mr. President, Byrne
PUBLISHE� IMAR 81969
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� � 24�458
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THE MINNESOTA MUTUAL LIFE INSURANCE COMPANY
Victory quare • 345 Cedar Street, Saint Paul, lblinnesota 55101 • Telephone 224-5544 Area 612
Feb uary 17, 1969 .
Mr. obert Peterson, Chairman
Health and Welfare Committee "
Cit of Saint Paul
Sai t Pault Minnesota ,
GROU LIFE POLICY N0. 365379-G •
Dear Mr. Peterson: �
No d vidend was earned on this policy for the policy year Janvary 1� 1968 "
to J nuary 1, 1969. The premium for this period was $62,892.42. The "
atta hed claim list summarizes the $54,750.00 in clai.m losses. With our
nor 1 expense charges, no dividend is available.
The tatus of the dividends left at interest accouat is summarized below.
Alth ugh the total, $3,711.67 is almost 6°!a of the prernium received for the
� year we do not recommend it be disbursed at this time. We would svggest
that it be held at interest in anticipation of paying a dividend next year.
Balance January 1, 1968 $3,551.84
Interest to January 1, 1969 at 41% 159.83 •
Balance Janvary 1, 1969 $3,711.67
If y u have any questions, please let us know.
Sinc rely,
�
(�.:t-r'" ,t L� ;':�Z�'',Z;�v�
.John C. Goossen, Manager
Grou Policyholder Benefits . �
JCG: lb
Enc. .
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City of Saint Paul
365379-G
Death Claims
Name Date of Death Amount �
Gra t J. Willinger 2- 4-68 $5,000
Jo.s ph J. Kramer 2- 8-68 1,000
Roy M. Dieckman 2-13-68 2,000 �
Leo ard C. Peterson 2-12-68 2,000
Arc ie C. Hines 3- 6-68 2,000
How rd M. Jurgensen 3-30-68 4,000
Joh R. Arras 5-20-68 5,000
Fra k Malaski 6- 1-68 1,000
Geo ge H. Nelson 7- 3-68 1,000
Eug ne E. Englund 7-29-68 3�000 .
Joh M. Schultz 8-19-b8 1�000
Wal er A. Scott , 9-14-�8 1�000
Jos ph A. Stockton 9-20-68 3,000
Ted D. rfosio 12-24-b8 3,000
Tota
$34,000
Disability Claims
Roy . Dieckman -$1�500.
Arch e C. Hines - I�500
Arma Holm � ' 3,750
Edwi Tague 3,750
Jose h E. Bordeaux 750
Jose h �deidner 7,500 �
�ill am Yankovec - 750
Jero e E. Bielke 7,500 -
Mich el Conrin " 750
Total '
$20,250
!Y�'
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_ 2 _
AD �C D
Name Amount .�
Lewi Sanders 500
Tota $ 500
Tota Claims � $54,750
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