HomeMy WebLinkAboutResolution 0119via
RESOLUTION 119
RESOLUTICN FCR CITY AND VI'_.LAGE COUNCILS RELATING TO
PERA OASDI COVERAGE FCR EMPL YiEES
WHEREAS, The Ramsey County League of Municipalities and League
na ataallMl9V t o v L M V
of Minnesota Municipalities have adopted resolutions asking for
legislation that would allow each present member of PERA the right
to choose between continuing the present PERA retirement plan, or
a plan combining full social security coverage with a modified
PERA plan_, and
WHEREAS, this coverage will permit each individual employee of
the Vil,�_of Mounds View to elect that form of
retirement benefits which would be most beneficial to him, and
i1HEREAS, The use of combined PERA and OASDI coverage for
Village employees would not be likely to increase unduly the
ccst of retirement benefits paid by the Village, over what such
cost would be if PERA coverage alone were continued.
NOW THEREFORE BE IT RESOLVED by the Village Council of the
Village of Mounds View that.
This Coucnil favors legislation that would allow
each member of PERA to elect to continue in the
present PERA retirement plan or to elect to be-
come a member of a retirement plan which combines
full social security coverage with a modified
PERA plan.
Passed by the Village Council of the Village of Mounds View
this 8 day of April, 1963
d e C&5` 7 4 e
Mayor