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01-22-1986 Council Agenda
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01-22-1986 Council Agenda
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Public Employees Retirement Association of Minnesota <br />Suite 200 — Skyway Level <br />514 St. Peter Street <br />it ;: <br />St. Paul, Minnesota 55102 <br />612-296-7460 <br />January 13, 1986 <br />Mr. Joseph Chlebeck, Clerk <br />City of Little Canada <br />515 Little Canada Road <br />St. Paul, MN 55117 <br />Dear Mr. Chlebeck: <br />To confirm information given to you over the telephone on January 10, 1986, <br />the PERA Board of Trustees has set a policy requiring that elected officials <br />who exercise the option of becoming members of the association do so for <br />their entire period of elected service. Minnesota Statutes, Section 353.01, <br />Subdivision 2b (g), however, excludes the following: <br />"Part -time employees who receive monthly compensation not <br />exceeding $325, and part -time employees and elected officials <br />whose annual compensation is stipulated in advance to be not <br />more than $3,900 per year, . . . <br />Elected officials whose earnings are not more than $325 per month, therefore, <br />cannot become members of PERA, nor can elected officials who now earn over <br />$325 per month and become PERA members buy back service when salary did <br />not exceed that amount. <br />Only active PERA members have the right to buy back prior elected service. <br />Further, if the person is now in a nonelected position or if the elected <br />position has changed, the PERA Board will make the determination as to <br />whether or not prior elected service can be bought back. <br />We trust we have fully answered your questions; however, if we can be of <br />further assistance, please contact our office. <br />Sincerely, <br />PUBQLIC EMPLOYEES RETIREMENT ASSOCIATION <br />Dorothy I. arson <br />JAN 14 1986 <br />CITY OF <br />LITTLE CA.NNADA, <br />
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