HomeMy WebLinkAboutCC RES 65-022 APPROVAL OF LEG. ALTERING PERA SYSTEM Meeting Sheet
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Box: 34
Folder: CC RES 1965
Document: CC RES 65-022 APPROVAL OF LEG. ALTERING PERA SYSTEM
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RESOLUTION 140.65-022
RESOLUTION URGING APt'ROVAI_ OF LEGISLATION ALTERING
PUBLIC EMPLOYEE RETIREMENT ASSOCIATION SYSTEM
ENABLING EMPLOYEES TO OPT COVERAGE UNDER
THE PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OR
OLD AGE SURVIVOR'S AND DISABILITY INSURANCE PROVISIONS
OF THE FEDERAL SOCIAL SECURITY ACT S.F. 1194
WHEREAS, 100' of the employees presently members of PERA of the
Village of St. Anthony have joined the Hennepin County League of Municipalities,
the State of Minnesota Municipal Finance Officers Association and the Municipalities
of Minnesota by the petition, a copy of which is attached hereto, expressing their
disapproval of the Public Employee Retirement Association (PERA) plan as it is
presently constituted, and
WHEREAS, the Village of St. Anthony has consistently opposed legislation
seeking to broaden the base or otherwise extend benefits under the PERA as it is
now constituted, and
WHEREAS, opposition of the present PERA system by the Village of St.
Anthony, other municipalities and governmental and employee groups is based on the
fact that the present PERA system operates with an actuarial deficit, which is
unsound, and
WHEREAS, the provisions of the Federal Social Security Act provide for
a system of Old Age Survivor's and Disability Insurance (OASDI ) which would benefit
many Village of St. Anthony employees as well as those of other governmental units
throughout the State, while not jeopardizing the benefits of those employees whose
best interest dictates their continuance under PERA, therefore
BE IT RESOLVED by the Village Council of the Village of St. Anthony that
passage be urged in the strongest possible terms of Senate File 1194, introduced
into the Legislature of the State of Minnesota on March 20, 1965, enabling employees
presently required to belong to PERA to opt to be covered under the OASDI provisions
of the Federal Social Security Act, to require/that new employees be covered under
the OASDI provisions of the Federal Social Security Act in the manner outlined in
Section 10, S.F. 1194, and that an actuarial survey of PERA be performed with the
intentiort6f eliminating the actuarial deficit determined thereby within a reason-
able time; and the Clerk be and is hereby directed to forward copies of this
resolution along with copies of the petition signed by 100% of the Employees present-
ly members of PERA of the Village of St. Anthony to the members of the House and
Senate Committees for Civil Administration, and the Senator and Representative from
this district and to the Governor.
Adopted by the Vi11ngP Council an February 23� , 1965.
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Mayor
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