HomeMy WebLinkAboutCC RES 93-042 RESOLUTION TO OFFER EARLY RETIREMENT INCENTIVES CITY OF ST. ANTHONY
RESOLUTION 93-042
A RESOLUTION TO OFFER EARLY RETIREMENT INCENTIVES
WHEREAS, Laws 1993, Ch. 192, authorizes cities to offer an early retirement incentive to
certain long-service employees, and
WHEREAS, The City of St. Anthony can benefit from a reduction of its work force by
conserving scarce financial resources, and
WHEREAS, the City of St. Anthony can make one of the two authorized options available
at no direct cost to the city or its taxpayers.
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of St.
Anthony:
• 1. City employees who are eligible under Laws 1993, Chapter 192, and are
covered under Minnesota Statutes Section 353.29 and 353.30, are hereby
authorized to accept and receive the multiplier percentage increase authorized
by Laws 1993, Chapter 192, Section 108, Subdivision 3(b).
2. It is not the intent of the resolution to authorize any hospital, medical, or
dental insurance continuation benefit option for any city employees or former
city employees.
3. Any vacancy created when an employee has taken an early retirement incentive
as authorized by this resolution, shall be filled only after passage of a
resolution or motion passed by the City Council in which the vacant position is
described and the need to refill the position is stated.
NOTE: 353.29 and 353.30 apply to basic and coordinated PERA members, not to
members of PERA police and fire fund.
Eligibility of the incentive program is limited to employees who have at least
25 years of combined service credit in any state pension plan or at least age 65
with at least one year of combined credit, are immediately eligible upon
• retirement for an annuity, are at least 55 years old, and retire on or after May
17, 1993, and before January 31, 1994.
• Resolution 93-042
Page 2
Adopted this day of 1993.
A 102--
Mayor
ATTEST:
City Clerk
Reviewed for administration:
• CityManager
•