90-7673R34
RESOLUTION NO. 7673
RESOLUTION RELATING TO THE BENEFIT STRUCTURE
OF THE RICHFIELD POLICE RELIEF ASSOCIATION;
RECOMMENDING CHANGES AND EXPRESSING
INTENT TO CONSOLIDATE WITH
P.E.R.A.
WHEREAS, members of the Richfield Police Relief Association
(the "Association") are interested in improving the pension
benefits to members to have a more equitable, fair and
competitive plan; and
WHEREAS, the Association has examined the issue of college
incentive pay and believes it should be included in the
definition of pension benefits; and
WHEREAS, the Association would like to improve benefits to
members by having age 50 retirement under the current plan .and
amending the bylaws to allow members to retire on a deferred
pension without the current two unit penalty provision; and
WHEREAS, the City Council of the City of Richfield (the
"City") desires to have the membership of the Association
consolidate with the Public Employees Retirement Association
(P.E.R.A.); and
WHEREAS, the City and Association officials believe that
both the goals of the Association membership for improved
pensions and the City's goal of consolidation could be
accommodated.
NOW, THEREFORE, BE iT RESOLVED that the City supports
legislation for the 1991 Session which would:
1. Codify the interpretation that college incentive pay is
included in the definition of salary for the purpose of
pension computation effective retroactive to January 1,
1990;
2. Provide for retirement based on earned service credit
at age 50; and
3. Elimination of the two unit reduction for deferred
pensions; and
BE IT FURTHER RESOLVED, that the City and the Association
jointly lobby and support the legislation in the 1991 Session of
the Minnesota Legislature;
BE IT FURTHER RESOLVED, that the City supports the
initiation of a consolidation process into P.E.R.A. in January,
1991 with the intention of having the benefit changes being
accomplished in conjunction with the Association consolidating
with P.E.R.A.; and
Resolution No. 7673
Page 2
BE IT FURTHER RESOLVEDI that if the Association fails to
approve consolidation into P.E.R.A. that the City will not
approve the benefit changes proposed herein..
Passed by the City C•
Minnesota this 8th day of
of the City of Richfield,
,r, 1990.