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232997 �� � ,� j � � . �� * —_. �r l/'�J .. � ORIGINAL TO CITY CLERK 2�`.��J� � o CITY OF ST. PAUL FOENCIL N0. � - ,�f.'` OFFICE OF THE CITY CLERK ` � OUNCIL RESOLUTION—GENERAL FORM PRESENTED BY �i%' Q� � _ COMMISSIONE ' DAT � kf ' I ! WHEREAS, as presently constituted, the retirement program administered by the Public Employees Retirement Association provides inadequate retirement,� + � � disability and death benefits, while being unduly expensive to the employee an�.i . employer when costs are related to antipated benefits; and � - � F - WHEREAS, the present P. E. R.A. retirement program does not allow : ., ' for participation in O. A. S. D. I. (Social Security) programs, includi.ng the 'I � - Medicare program, and , f �' � WHEREAS, since the benefit payments under the Social Security progr m are not fully funded by employee and employer contributions, and this deficit i�s � made up through general taxation, the public employee is forced to contribute I � , to the maintenance of a program from which he derives no benefit; and I . � �,y ' • WHEREAS, the present P. E. R. A. retirement program fails to acknow�edge � � and provide for mobility in employment, which mobility is a major characteri�tic, t of contemporary society, and therefore, the retirement program operates agaGnst the recruitment of qualified person.nel into the field of local government in the � State of Minnesota; and ' I WHEREAS, the coordi.nation of P. E. R. A. with the Social Security pro gram would permit mobility in employment without the los s of retiaement credits earned while in public employ, and further provide adequate death and disability provisions to protect the family of the public employee; and � � F � WHEREAS, the Public Employees Retirement Association pension fund � ; a is actuarially unsound, and the actuarial deficit of this fund is increasing each ; . year; and . � : � WHEREAS, experience with other retirement funds with exce`ssive deficits . indicates that, when such funds were coordinated with O. A. S. D. I, the deficits ' � were substa.ntial�ly reduced over time; and ; � f i �COUNCILMEN Adopted by the Council 19° Yeas Nays , ; � Carlson F ; Dalglish Approved 19 ; ` i Holland ' I Tn Favor -, Meredith � Peterson � Mayor Tedesco A ga�t ' E • , � Mr. President, Byrne , � � ' - ' •� . � - . - �22� -- ��• i .c { - l � ;� �. •• r r�� 2 ��299�7 � !. f�=y ORIGINAL TO CITY CLERK � { � , CITY OF ST. PAUL couNCi� � � FILE N0• 4' .-�'� OFFICE OF THE CITY CLERK � : a `� ' COUNCIL RESOLUTION—GENERAL FORM � 4 � t PRESENTED BY I t COMMISSIONER DATE � M4� � WHEREAS, the inadequacies, restrictions and unsoundness of the present P. E. R.A. retirement program combine to operate strongly against . � effective recruitment practices in public service; and : i ; _ � ' r WHEREAS, both the League of Minnesota Municipalities and the � Hennepin County League of Municipalities have adopted resolutions callin.g I' for the coordination of P. E. R.A, with O. A. S. D. I. ; and �� � I WHEREAS, the inclusion of an option feature i.n such legislation whic �' � would permit current employees to select the retirement program most beneMl � ficial to the individual would meet the dictates of equity constantly sought by �� government; • �� ; f - NOW, THEREFORE BE IT RESOLVED by the City Council, City of + S�t. Paul, S��ate of Minnesota, as follows: �� . The S�t. Paul City Coun.cil endorses and supports the proposal for F - coordination of P. E. R.A, a.nd O. A. S. C. L embodied in Senate File 127 ' and House File 263, and hereby urges the Ramsey County delegati�n work � t for the adoption of this legislation. � _ � : . i ! � ` �I. � I � I � l � i ��+M . . �f-�""�.�y' :.�I '� ��'� � ��� �� �� - � ' . . - ~� •_ �.-w�jT - R __ .t � t'+�-�� '•ti��• - — -- "'tr' -=�� -=�-'.�. —' - --- --"as --- r� '""+■ - �t 4 2 � �PR � � 19 7 ' � ► �: I� COUNCILMEN Adopted by the Council 19_ t Yeas Nays ! � Carlson . qp� g 4 �967 � �' E _ Dalglish _ Approved �19= . ' Holland � � `, ` Tn FaVOI' Meredith ' � Peterson �' l7 Ma"yor Tedesco . A ga�st , ' �� Mr. President, Byrne PU661�H��D � APR 2 21967 ` _ �22 ;, - Il� _ � �� �� �� . � � . , + � iAL TO CITY GL�RK h r-� f; '� r . CITY OF ST. PAUL couNCi� ���� e FILE N�• , '� � OFFICF OF THE CITY CLERK – `� ,_; ' ,COUNCIL RESOLUTIO�!—GEN�R,4L FORM � - j ITED BY �� `�j� ,� _ ���y��C I �� r I ISSIONE v � pA7E ;� � ' ,I 1; �, WHEREAS, as presently constituteri, the retirement program administered = by the Public Employees Retirement Association provides inadequate retirement, i disability and death benefits, while being unduly expensive to the employee and , r) employer when costs are related to antipated benefits; and _ '� � 4 , WHEREA.S, th� presont P. E. R.A, rz�ir�ment progxam does not allow � � I for par�cicipation in O. A. S� D. I. (Social Security) programs, including the j Medicare program, and . , i � ; WHEREAS, since the benefit payments under the Social Security program F, � are not fully funded by employee and employer contributions, and this deficit is � .� made up through general taxation, the public employee is forced to contribute - � � to the mai.ntenance of a program from which he derives no benefit; and � ; WHEREAS, the present P. E. R.A, retirement program fails to acknowledge I and provide for mobility in employment, which mobility is a major characteristic �, of contemporary society, and therefore, the retirement��rogram operates against ` � , the recruitnzent of qualified personnel into the field of local government in the ;, S;,ate of Minne s ota; and ' n � I , WHEREAS, the coordination of P, E. R,A. with the Social Security pro- ' , I� � i gram would permit mobility in employment without the los s of retiaement �; cre3its earned while in public employ,•and further provide adequate death and ' �4 ; disability provisions to protect the family of the public employee; and . i = � i ' i ' WHEREAS, the Public Employees Retirement Association pension fund � - i yk•, is actuarially unsound, and the actuarial deficit of this fund is in.creasing each year; a.nd ' . �. WHEREAS, experience with other retirement funds with excessive deficits indicates that, when s�ach �unds w�re coordinated with O. A. S. D. L the deficits ,�. � were substantial�ly reduced over time; and ' �- � 'k `� . . .�:�` - � � )UNCILMEI�T Ado�ted by the Council yg_ } , � �i �rays - , . Carlson � - Dalglish , L�pproved_ 19, _ ' Fiolland �� � Tn F+'gVOY ' f; •! Meredith i , _ Peterson � V lbiayor I� ,� Tedesco ' �'gaingt ; = t' - f �sident, Byrne , ' �, ' k� +� 'a . �22 �4 . ; , - fi �s +� 'N� f I a NAL TO CITY CL�RK + � ~ I �L• . CITY OF ST. PAtJL �o�NC�� 232��� ' � � , OFFICE OF THE CITY CLERK FILE NO. f� _ COUNCIL RESOLUTION—GENERAL FORM � JTED BY � IISSIONER �� ' , DATE � ' I <I WHEREAS, the inadequacies, restrictions and unsoundness of the ,� � present P, E. R,A. rztirement program combine to op�rate strongly against ` effective recruitment practices in public service; and ;� � k � �' C. WHEREAS, both the League of Minnesota Municipalities and the ' • 4 Hennepin County .L.c����e o� N�ici�alita�� l��,v� �€�o�t�d, �es���taor�s c���.�g j; ' � � �ar.�he eoordination of P, E, R.A. with O. A. S. D, L ; and � _ � � � • � ` I WHEREAS, the inclusion of an option feature in such legislation which i "' f would permit current employees to select the retirement program most bene- _ I ficial to the individual would meet the dictates of equity constantly sought by , ,� gove rnm ent; � j ,r-- . { T_J NOW, THEREFORE BE IT RESOLVED by the City Council, City of �� � St. Paul, S�cate of Minnesota, as follows: _ I - � . The S�t. Paul City Council endorses and suppor�s the proposal for k coordination of P. E. R,A, a.nd O. A. S, C, L embodied in Senate File 127 � ' and House File 263, and hereby urges the Ramsey County delegatinn work � ' + . � � for the adoption of this legislation. � � , � � � ' ; ` f . . i . . � , � , - . , . ; << � �}��[ `j M �F. I ' � ` f �. �, � � 1 [1 i • ` 1-a ' 1 I ' , • ` � '�, � G��� �. 4 �957 � ' i � � )UNCILMEN Adopted by the Council yg_ � i � Nays ;`� � ij Carlson • ���� � �� �,��� , Dalglish . Ap roved � � � 19� ; � Holland � � , � d � Meredith - F�' �'avor �1 �� � � � � �:r , Peterson ' l7 �ayop F-= Tedeseo - ��a�� � � ' . � + :sident, Byrne i ` i, , , • , � � � �22 � ! - . F ' -' � , • f � - � �_ .