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233302 • i ±� , ORIGINAL TO CITY C�./IC � ' `r � CITY OF ST. PAUL FOENCIL NO. • ' j OFFICE OF THE CITY CLERK ' ' `" ' ; CO NCIL RESOLUTI N—GENERAL FORM PRESENTED 8Y COMMISSIONE DATF i _ � � - i WHEREAS, The Minnesota Mutual Life Insurance Company� by letter dated April 11� 1967� has indicated to the City of Saint Paul� pertinent to , the City Employe Pay Dependents' Group Life � Insurance� Policy No. 2881-G� with said company� that the experience under the aforesaid employe-pay group life coverage has resulted in a dividend account>balance in the amount of �19,496.16; and " WHEREAS, The aforesaid informati.on was presented to the Health and Welfare and Insurance Committee meeting of April 26, . 1.967, and the Committee� by motion unanimously adopted by the members present, recommends to the City Council that said Council authorize by resolution that a portion of the aforesaid dividend be left on deposit with The Minnesota Mutual Life '' Insurance Company to draw interest at the rate of 4 1/4 er cent during the period from March l, 1967, through February 2�� 1968� • and that a portion thereof equal to 30 per cent of the annual premium paid by each eligible emplo ee during the past policy � year, in the approximate a.mount of �11,000, be paid to those persons under said group who were premium-paying insureds on February 28, 1967, and who have been continuously insured for six months prior to February 28� 1967� or who have been continuously insured during the anniversary year to a date �: at which they were compelled to retire by virtue of mandatory " retirement provisions of existent law; now, therefore� be it _-.__., - - " - RESOLVED, That effective as of March 1, 1g67� the afore- said 30 per cent of the premiums paid by each such insured described aforesaid, during the period from March l, 1966, to _ February 28� 1967� the total a.mount of all such refunds to eligible City employees, including those employees covered , � FOR APPROVE . � � t . � � sst.�Corpor ioh Co sel - COUNCILMEN Adopted by the Council 19— Yeas Nays . ' Carlson Dalglish Approved ' 19— Holland Meredith Tn Favor � Peterson . Mayor Tedesco A gainst Mr. President, Byrne . �22 � •- ` �'j ' r � .Y 1 � + -- . • • 4, , � ' � � _� ,� _`'`� n J - .. . ' _-' ` ' - � - , _ *` � . . � - - •d- ' - ._: . �. ' L , ' - L . � � „_ Cs . . ' ' ' ' b � - ` , ' : . Y _ " ' � . - ; '_ �• . � - - � � _ � _ . - "_ � . . � � � '� , _ _ r _ , • Y ' . ' ; �r r ` . ` } .r ' ' `� - • _ . _ J , _ " , ' '._ .' � _ � . . . — _ .- _ ' . ,£ � ` _ • _ ` • _ � w • ` ". � � .._ i � - ' � • . r - _ " , .. ,. , _ , , , , • - . 1 . : - ' _ - _4 Y ' „I ' ' , ' ' - - . - _ - , • _ - � . _; _-, j+�8,y 2 f ].9b'T• _ � ' _� . ' '-_ Y . � _ - , _ , . . `. , - --.- _, _; - ,, - . i _ - __ � - ; - • � + r � ' !I- � � ,- � � . [ . " � r • � � _ . `- " ` ♦ -_ `� • � _i - i _. ' ' ' - .� ' `- � . � . -, Minneeota Mutus7. Life Ins. Co.; . " - , . .. ,� . - * - , - _ 3• - ' . . 345 ceaar st., . - , - � -} . . . �= � - - , .' � �i- '_ . _ - . �. - � - St.- Pa.ul, Minn.' , 1 - . _' � -, . . - - .: .� - � ; � Gentlemen; , " ' - •. , _ �> - . - . : � i . - - - �� - - , . - - � � . � - ' � � - ` . , . " r . ' _ - � �. � The City �Council. today cted me -send�to you the � ' . _ '- . ,. _,� . _ . _ . • � attached certif�,ed eqpies of C. F. 3302 tC• F, 233303 with - . - • • � - _ - reference`to.cexta�.n Saint Pa.ul Gro � nce� policies. F _ � - - ' � _ - .. , . - , . . , , , _- � : -: .. - - .. - �_ - - .�. "a .. ` . ,- ' � . _ - ' - . - - : _- ," , - - , ' � � ' � � " - - � `� " i' - =. _ �' '- . ',. _ ` , . �ery rru�.,y-your$, __ .°- ' _ , . � _ t Y . 4 _ . . , _ _ � �- .. y � T � ', ?• - ..•� .- . 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J � •- � _� • ' ' -� ` - � _ - - � l � ' . � ' ,. � �r�L . � , _ ; , _ ORIGINAL TO CITY�C�K • � CITY OF ST. PAUL FILENCIL N . ��, _ . OFFICE OF THE CITY CLERK � ` `" COUNCIL RESOLUTION—GENERAL FORM ; PRESENTED BY i COMMISSIONER DATF _ during the anniversary year who were eompelled to retire by . virtue of mandatory retirement provisions of existent 1aw being in the approximate amount of $11�000� be paid to those . � employees described in the preceding paragraph of this � � resolution, such distribution to be made by The Minnesota . Mntual Life Insurance Company as soon as convenientlp possible; and be it � FINALLY RESOLVED� That the City Clerk be and he hereby is directed to prepare a certified copy of this resolution and deliver the same to The Minnesota Mutual Life Insurance Company as soon as 'conveniently possible. COUNCILMEN , �y � 1967 Adopted by the Council 19_ Yeas Nays ' Garl�e� Dalglish Approved ��� � ���� 19_ Holland � �}r- Tn Favor � Peterson ' Mayor � Tedesco O A gainst Mr. President, Byrne ��16LISH�D NiAY 6 1��� �z2 � � " ,� " � ' , � j - � � �1 - � �� E . __ � � , , ; _ � ,� �.. . _. - - -. -..-. -.-- - � ,_ �_.__ � - . ,. � . : - - .i !__.____ - ��---- - � J �; � - � . ; . - . � � N �� - v _ . � � � . s. � � � � t -- - -- � ' � c��, _ � .r . . .___._ ,. -� _i . - �- --- �-- - - - �---; =��:� � , . ' -' - �t•�'C:rDr_" :•' , ' ' -- ' •r�:::1 . r n r' . � t '•���• a� � ' , � � - � .�� _ w . � . I � � � "_ i I , L r---- ; , _ z � ; . �� � � ' � . � � �. . - - : � 2 5 � � . P� , . , � + ' ; � ' , . t.r._.. . .��.:..,1>: � c i ; _ _ .. i . U Q , � ' 1 • • .��, -,- .- � , �� �� G. ,:; � G� �t.t- �oP�._ _ �% �_..� ' � c , ' ' � 4 �., • ` � w � � ► --- '3 . ' .. 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