233303 ORIGINAL TO CITY CLERK � c�� �
� CITY OF ST. PAUL couNCa N�. �'�'°�`'��
OFFICE OF THE CITY CLERK FILE
OUNCIL RESOLU ION—GENERAL FORM
PRESENTED BY •
COM M I551 O N E DATF _
� „
WHEREAS, In the matter of the gro�.p insurance program now
established for Saint Pau1 City employees group insured under
, policies with The Minnesota Mutual Life Insurance Company, insurer,
; policy no. 365379, in effect prior to March l� 1967� dividends
have��aceumulated in the amount of $29�678.49 by reason of
Q
favorable mortality experience during the past several years; and'
WHEREAS, The Health and Welfare and Insurance Committee of
the City of Saint Paul� at its meeting on April 26� 1967� by �
motion unanimously adopted by the members present, recommends
to the City Council that said Council authorize that a portion
` of such dividends be paid to those persons covered under the
employees group who were premium-paying insured on February 28, -
� 1967� and who had been continuously insured for six months prior
, '�'� to February 28� 1967� or who were eontinuously 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, Effective March l� 1967� that 30 per cent of the
premium paid by each such insured during the period March 1� �
1966, through February 28� 1967, the total amount of all such
refunds to eligible City employees, including those employees '
covered during the anniversary year and who were compelled to
retire by virtue of mandatory retirement provisions of existent
law, being in the approximate amount of �22�000, be returned to
: those employees described in the preceding paragraph of this
resolution, such distribution to be made by the Minnesota Mutual
Life Insurance Compar�y as soon as conveniently possible; and be it
FURTHER RESOZVED� That the City Clerk be and he is hereby
direeted to prepare a certified copy of this resolution and deliver
the same to The Min.n.esota Mutual Life Insurance Company without
� t�nnecessary delay.
� FO PPRO ED. /
�
,Gvrp�ration Con se� �,�( � 196�
COUNCILMEN �
, Adopted by the Council 19_
Yeas Nays
f�r�ex-
Dalglish �� � ����
; Approved 19—
Holland
ng�}i-. �In Favor
�
Peteraon Mayor
Tedesco v A gainst
Mr. President, Byrne � pUBLISH�ED MAY 6 ����
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