1967-3780Ar' ~ ~ !.
RBSOLUTION NO, 3°7S®p,
R~{~LtJTI®N FAVORING L,EGISSI~,TION PR'O~IIDIl~ FOR OPTIONAL,
COMBINED PERAd9l~SDI COVERAGE FOR MUNICIPAL EMPI~YBBS~
t~tI-ffiREA5 g the -Flennepin C®urntq Teague ®f Municipalities aa~ei League
of Minneapolis Municipalities ha~re ad®pted resolutions asYcing for iegis~
lation that would allow-each present .inemb~r of PERM the right to choose
between continui~sg the present PBRA retirement plans ®r a plan combining
full social security co~rerage with a modified PERA plans and
INHERBAS s this co~rerage will permit each individual empiogree of the
City of Richf laid to elect -that form of retirement benefits which would
be most beneficial to hams and
~S s tl~e txse ®f .combined PERA and ~ASDI co~rerage for city emm
pioyees would -not appreci~biy increase the cost of retirement-benefit
paid by the. citg~ over what such cost would be if PBRA cotrerage alone. were
conti~'&ueds .
1~~11 THEREFOREs BE TT RESOLVED by the city council of the City o~
Richfield thats
This ceuncii favors SoFp #127 and H,F. #263 which would allow
each anember ®f P$RA to elect to continue in the present PERA
retire~rient plan or to,elec~ to become ~a member of a retirement
----p-that-~oiiibines-f~ti~-s-~cia~ menu-city coverage with a modi=
fled PERA plan. ~ ,
Passed- by the city council of the City of Richfield this 27th day of
Februarys 196?.
'tan~.ey DV, Olsons Mayor
AT7.EST^ _ ~~~~/'~~
v'~!f
..
Eduard j', of es Cier~®Treaso