HomeMy WebLinkAboutResolution 1305j IL,lq IIA'� I it) ,
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01' MINNE0,0,11
RE.-HUDLIOTION, AV__T__H_0j_jVING AGIREEMENT WTTTI
=RK-AOMINISTRATOR MILATIN�; TO DEFERRM COMPENINATTON
WHUMAS, Donald F. Paulay, ("Ilauj0'10) , Cl@fknAdffiinigt��atcjL'f of the
City of Nuunds viewf has elected to be excluded from memborship
-in the Public Employear Retire -_Ment Asbociation, which vloction has
bosh Approved by the City counvill and
WHEIWAS, prior to nach action the City has contributed an employer's
20n-tri-WtIDD W thU PUbIl-C EMPIWYceg Retire Merit Association for hig
&Caountj and
WRKRRAS, by reason of such election, the citylx amployer contri-
-bution_-- to PAR& ort -hi* ax-jount will ceasel and
WHSM-"-t Minnesota Statutes, Section 353.025, bubdivision 3,
-provid" -RW
"-(DZP--RIMD COIUMBATIOR; CITY CONTRIBUT16NJ if A
6f exclusion in mad#. and f the-c-lark-Adminis-
IF -
CA r and the_qqverning body of th*_Cij�t &free in
&tion Isto be 40firrod-
shall -b&- ointrUntiod'. m ashalf of- the
trtt*r to a difirrOd doMenjoation- -program which motto th&___
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a
. . . . . . . . . . .
"saw on -_4 A3�v JEW
-d- be�z - L_X
Ait4tvaul
RuhA+v+A4rw. 'A, if *fA*
T* a
tht City CounaLl deiitfs. to exercise the.autharity
ft ned
AAAA V 46 0 A. WJ I
f Uhhvi+ daiiies 'to compensate PAUISY in
WALUB wouId-be rIkquiri4+-hy-+5*dt4" -31L
U, if Paulev wore a momher f%f thtt mAilic
NOW4-THIREFOUt -BE+-II.++RIM+GLM by thm City Council of the City of
Mounds View, Minnesota in follawat
RES- WALIT 1 "'44 W1.
1. In. L-ddition to thr ('It-fP-AdUi-xIn-Isti7ator'g U-slary noW
in
4fe.7t nj- whit -h may horoaftar Wo c- itablishad fynm time ti
hi�,. gtar�d salary, Paulay sh"*11 be compensated in an additional
w, - - t-, wo- 1 r c d
amaunL equal to the empluivi- UA- U4 -
by Minnesota Statutza, Section 351.1-7, SubdiVisOns I and 3a, if
he ware a mernber of the pubjj& gmplayeps RoUrement Association
subJect, howtvae, to the provisions of the following paragraph
of this resolution.
2. SucY. additional. tomponsAtion shall be paid on? -y if and
durinc ime that th@ra im an agreement between City and
g the t
Pauley wherein it iP- og- -e-I in writing that tTla r
- additional
tion Is to be P"Mrad And shall be contributed an hehalf
of Paulay to a deferred compensati n Itran Vhich mawto the
of seu'Aon 457 Qf thq Internal Revunue Codu of 1954,
as wen4od through December 31, 1960.
34- -, Tim, 101yor j Reti--niq f- - and ' I tJS T -
hAl f 'Llf the Ci'.*. i_
hereby Authorized and directed to ent— into an aqrsenient of a
type described in the forpoing p4ragraph NO, 2 with VAuI8Y-
traitor jmd other appropriate officials of the City are MWWk5*d _7
-tb j- -jet-1-a" -n-va"sax y --tor 4iNe -of f*rt -to t h* PVGV UiAft
JI -
V
-such--&yx*&n*nt,-
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