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2305000 0 ORIGINAL TO CITY CLERK CITY OF ST. PAUL COUNCIL NO. SV \ -LA■ OFFICE OF THE CITY CLERK rPAUI`ACX RESOLUTION- GENERAL FORM PRESENTED BY COMMISSIONI 0 7- � � � 1h'e employees of the City of Saint Paul are the largest group from any single municipality in the membership of the PERA; and WHEREAS, it is the desire of the Council of the City of Saint Paul to seek for its employees the best possible pension plan; and WHEREAS, the Council desires that the PERA Law be amended to provide authorization fdr�,-larger deductions from employees' salaries and commensurate increase in pension benefits, and, also, that provision be made so that employees are afforded buy -back privileges under the law on the basis of such increased salary deductions; and WHEREAS, the PERA has prepared three proposals to be presented to the 1967 Legislature; and WHEREAS, these proposals would put into effect the desires of the Council; now, therefore, be -it RESOLVED, That the Council of the City of Saint Paul endorsed and urges the adoption of the following proposals: COUNCILMEN Yeas Nays Carlson Dalglish Holland Meredith Peterson Tedesco Mr. President, Byrne in Favor Against Adopted by the Council 19— Approved 19_ Mayor X22 ORIGINAL TO �CITY CLERK a CITY OF ST. PAUL COUNCIL NO. - FIL K � OFFICE OF THE CITY CLERK l� COUNCIL RESOLUTION - GENERAL FORM PRESENTED BY COMMISSIONER DATE 1. Proposal Amendment to effect removal of the current $6, 000 per year salary ceiling for deduction purposes, so that employee contributions will be based on full monthly salary with no limitation whatever, affecting M. S. 19612 sections 353. 27, subdivisions 2, 3 and 5; 353. 29, sub- division 2; 353.39; 353. 65, subdivisions 2, 3 and 5; 353. 66, sub- division 2, and 353. 69, as amended by Laws 1965, Chapter 714. 2. Proposal Amendment to the savings clause contained in M. S. 1961, section 353.46, subdivision 1, as amended by Laws 1965, Chapter 814, Section 1, to provide that the old law annuity formula shall be available upon retirement to all persons who were members of the association as of June 30, 1957 regardless of the length 'of allowable service as of that date and regardless of whether or not membership is continuous thereafter. 3. Proposal (a) Amendment to provide optional buy -back retroactive to July 1, 1952 based on full compensation received in excess of any previous limitation imposed by statute, at the rate of 676 of such excess with 476 interest thereon compounded annually plus a matching payment with permissive payment of said matching amount by the member or by the governmental subdivision. (b) Amendment to M. S. 1961, section 353. 46, as amended by Laws 1965, Chapter 814, Section.l, to provide for removal of the basic maximum old law annuity now limited to $200 per month, to reflect the increase in "average salary" for the purpose of computing such annuity over COUNCILMLe current $48 800 annually. OCT 1 ��� Adopted by the Council 19.— Yeas Nays' Carlson OCT 111966 - Dalglish pproved 19— Holland Meredith Tn Favor 6LaA4A e.-AJILIM ",Peterson C Mayor Tedesco- A gainst Mr. President, Byrne PUBLISHED OCT 15 1566 zz DUPLICATE TO rRIHT!;� - CITY OF ST. PAUL COUNCIL � OFFICE OF THE CITY CLERK FILE NO. COUNCIL RESOLUTION — GENERAL FORM PRESENTED BY COMMISSIONER DATE WHEREAS, the employees of the City of Saint Paul are the largest group from any single municipality in the membership of the PERA; and WHEREAS, it is the desire of the Council of the City of Saint Paul to seek for its employees the best possible pension plan; and E WHEREAS, the Council desires that the PERA Law be amet �ded to provide authorization forrlarger deductions from employees' salaries and commensurate increase in pension benefits, arid, also, that provision be made so that employees are afforded bUy -back privileges under the law on the basis of such increased salary deductions; and WHEREAS, the PERA has prepared three proposals to be 'presented to the 1967 Legislature; and WHEREAS, these proposals would put into effect the desires of the Council, now, therefore, be it RESOLVED, That the Council of the City of Saint Paul � endorsed and urges the adoption of the following proposals: COUNCILMEN Adopted by the Council 19_ Yeas Nays \ Carlson Dalglish Approved 19- ! Holland T Meredith n Favor Peterson Mayor Tedesco A gainst Mr. President, Byrne X22 ' DUPLICATE TO PRINT -, r, CITY OF ST. PAUL FILE NO OFFICE OF THE CITY CLERK COUNCIL RESOLUTION — GENERAL FORM PRESENTED BY COMMISSIONER DATE 230500 Pr�' • „ - endment to, effect :reiuovat.i of the current '$6, 000 per year salary ceiling for deduction; purpose, so that employee contributions Will be based orrfull mont%l I' glary with no limitation whatever, affecting M. S. 1961, sections 35.3.2-x, subdivisions 2, 3 and 5; 353. Z9, sub. - division 2 35�. 39; 353:,6'5, subdiivk sions 2, 3 and-5; 353.66, sub- division 2, ap4- ,353.69, a" amen did Toy Laws 1965,,.Chapter 714. Proposal r Amendment tci 'the) iavings clause contained in M. S. 1961, section 353.46, subdivision J. ,as. amended by Laws 1965, Chapter 814, Section 1, to provide that the old law annuity formula shall be available upon retirement to'al1 persons who were members of the association as of June 30,j, 19S7 roga.rdless• of the length of allowable service as of that date andege.rdle�s of whether or not membership is continuous thereafter. Proposal (a) Amendment to.provide'op'tional buy -back retroactive to Suly 1, 1952 based on full cdmpensatibn irerceived in excess of any previous limitation imposed by statute, at the rate of 6%, of such excess with 4% interest thereon compounded annuany'plus' a matching payment with permissive payment of said matching amount by the membdr, or by the gov&rnmental'subdivis*on. (b) Amendment to M. "S. 1.961; section $53.46,'4i" amended by Laws 1965, Chapter 814, Section 'l s to provide for removal of the basic maximum old law annuity now limited to $200 per month, to reflect the increase *tin "average sa3a�ry" for the `purpose of computing such annuity over COUNCILMAe current $4,800 annually. Adopted by the Council ACT 111966 19— Yeas Nays Carlson LOC-r 1118166 Dalglish Approved 19— Holland Meredith 1n Favor Peterson Mayor Tedesco A gainst Mr. President, Byrne 22 1\ .a The Health and Welfare and Insurance Committee has unanimously resolved to recommend to the Council that the Council endorse and urge the adoption of certain PERA 1967 legislative proposals. The proposals would provide (1) for the removal of the present $6, 000 ceiling for deduction purposes, (2) that certain employees may be paid annuities computed under the "old law" regardless of their length of service, and (3) that employees may buy back for past services on their excess salary above the $4, 800 and $6, 000 ceilings which were and are in effect. 4-9�