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234838 QRIGINAL TO CITY CLERK ���� :� CITY OF ST. PAUL FOENCIL N�. � -` OFFICE OF THE CITY CLERK OUNCIL SO UTION-GENERAL FORM PRESENTED BY � COMMISSIONE DAT � � WHEREAS, the Health and Welfare and Insurance Committee � of the City of Saint Paul at its mee�ing on the 29th day of August, 1967, by motion unanimously adopted by all members of said Committee present at such meeting, determined to recommend to the Council the adoption of a policy whereby the City woizld match employee purchase , of contributions on full salary for the period July 1, 1g57 to July l, 1967, which is authorized by the 1967 amendment to the Public Employees= Retirement Act which permits the governing body of a municipality to assume the obligation of matching employee purchase of contributions on full salary if the mun.icipality acti_n.g through its governing body ' determi.n.es to do so; now therefore, be it RESOLVED, that the Council of the City of Saint Paul hereby determines on the part of said City to assume the obligation of matching the employee purchase of contributions on full salary for the period July 1, 1957 to July 1, 1967 as authorized pursuant to the provisions of Minnesota Statutes 1967 Chapter 687, the Public Employees= Retirement Act. � .; � � ��, � �g��67 COUNCILMEN Adopted by the Council 19— Yeas ' ' Nays Carls ��� � � ���� Dalglish proved 19— Holland , � Meredith Tn Favor � Peterson Mayor Tedesco A gainst Mr. President, Byrne �U�@.l',SkG� �,��' `� ]9� ' �z2 : • „ ` JOSEPH J. MITCHELL � � � H. LYON GOMPTROLL6R AND CH16/[XA{IINlp AND CIVIL iQpVICt COMM1�610NQR SA��N��; i AUL D111RCTOR OF�611fONN6L ` �1�/ 1 1 ' � CIVIL SER�%�1���� E BUREAU , . , � 26.5�C1�Y HALL- �����,� r1�1�l�l�l� ��I�I�bi , . ST. PAUL 2 MINNESOTA August 29, 1967 To the Honorable Mayor and members of the City Council Gentlemen: At its meeting on August 29, 1967, the Health and Welfare and Insurance Committee adopted the following motion: "WHEREAS, prior to July 1, 1967 employees who are members of the Public Employees Retirement Association were permitted to make contributions to such pension fund based on only part of their salaries; and ., -:�-.',i WHEREA5, because of such limited contributions many employees who will be forced to retire during the next few years will be eligible for only meager pensions when compared to pensions to which younger employees will eventually be eligible; and WHEREAS, the Legislature at its 1967 session provided that employees may buy retroactive contributions based on total . salary earned during the ten-year period immediately prior to July 1, 1967 and thus increase their pensions somewhat; and WHEREAS, the Legislature at its 1967 session provided - that the City may match employee purchase of contributions on total salary; and WFiEREAS, since 1957 the City has matched employee con- tributions for the purchase of prior service; now, therefore, be it RE50LVED, that the Health.and Welfare and Insurance Committee recommends to the Council that it adopt a policy of matching employee purchase of contributions on full salary for the period July 1, 1957 to July 1, 1967. " . Re spe ctfully your s, . • � �J ' H. Lyon, S retary Health and Welfare and Insurance Committee � MEMBER � fublie fersonnel AssxiaHon