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HomeMy WebLinkAboutCC RES 91-037 RESOLUTION OF NON-PRECEDENCE FOR EARLY RETIREMENT INCENTIVE FOR CITY OF ST. ANTHONY EMPLOYEES Meeting Sheet IIIIIIVIIIVIIIVIIIVIIIVIIIIIII IIII 103632 Box: 26 Folder: RES 1991 Document: CC RES 91-037 RESOLUTION OF NON-PRECEDENCE FOR EARLY RETIREMENT INCENTIVE FOR CIN OF 5T. ANTHONY EMPLOYEES • CITY OF ST. ANTHONY RESOLUTION 91-037 A RESOLUTION OF NON-PRECEDENCE FOR EARLY RETIREMENT INCENTIVE FOR CITY OF ST. ANTHONY EMPLOYEES WHEREAS, the 1991 State Legislature approved an early retirement incentive package for Public Employees; and WHEREAS, all Public Employees Retirement Association (P.E.R.A.) pension members who are age 55 and have completed 25 years of service may retire early; and WHEREAS, this is a voluntary act for the City of St. Anthony; therefore, a non-precedence resolution; and WHEREAS, this resolution is subject to change if the State Legislature modifies the requirements for early retirement; and WHEREAS, to qualify the employee must retire between July 1, 1991 and October 1, 1991. • NOW, THEREFORE, BE IT RESOLVED, that 1) the City of St. Anthony will provide post-retirement Single Health Coverage for all P.E.R.A. Basic and Coordinated Members who are age 55 and have completed 25 years of public service until such employee reaches their 65th birthday; and 2) the City Council of the City of St. Anthony supports all active City Employees who desire early retirement between July 1, 1991 and October 1, 1991, subject to all P.E.R.A. requirements. Adopted this 3 day of Al G Lt"St , 1991. Mayor ATTEST: y City Clerk • Reviewed for administration: City Manager