84-6961R4
RESOLUTION N0. 6961
RESOLUTION REGARDING THE APPOINTMENT
PROCESS FOR HIRING AN INTERIM EXECUTIVE DIRECTOR FOR PERA
WHEREAS, many of the employees of the City of Richfield
belong to the Public Employees Retirement Association; and
WHEREAS, a number of Public Employees Retirement Association
Board members have raised significant questions relating to the
appointment process used to hire an interim Executive Director
of the Public Employees Retirement Association, ar~d
WHEREAS, the City Council of the City of Richfield wants to
ensure that all Public Employees Retirement Association Board
members meet their fiduciary responsibilities
NOW, THEREFORE BE IT RESOLVED that the City Council of the
City of Richfield requests that a five-year compliance audit of
the Public Employees Retirement Association be conducted by the
Legislative Auditor;, and
BE IT FURTHER RESOLVED that the City Council of the City of
Richfield. supports the actions of some Public Employees
Retirement Association Board members to remove the interim
Executive Director and to provide for an open process to select_
a Public Employees Reiirement Association Executive Director;
and
BE IT FINALLY RESOLVED that the City Council of the City of
Richfield requests that the Minnesota Legislative Commission on
Pensions and Retirement review the election process of Public
Employees Retirement Association Board members to determine if
there is a better way to provide a broader representation of
Public Employees Retirement Association members on the Public
Employees Retirement Association Board. // ~
Passed this $th day of Octq~b~rf/19
n Hami~,iton ` Mayor
ATTEST:
y 'a K. erg Ci Cl