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4D, Patrick Klaers Election to be Excluded From PERA
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4D, Patrick Klaers Election to be Excluded From PERA
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10/24/2024 10:04:25 AM
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5/21/2010 8:52:32 AM
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Mr. Klaers Election to Exclude PERA
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Mr. Klaers Election to Exclude PERA
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5/24/2010
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�.� EN HILLS <br />MEMORANDUM <br />DATE: May 24, 2010 <br />TO: Honorable Mayor and City Council Members <br />Patrick Klaers, City Administrator <br />FROM: Sue Iverson, Finance Director/Treasurer <br />SUBJECT: Patrick Klaers Election to be Excluded from PERA <br />Back�round <br />Minnesota Statute 353.028 allows City Managers and City Administrators to opt out of <br />PER.A if they choose this election within the first six months of employment. By <br />choosing this option they agree that they will not seek any authorization to purchase <br />service credit for any period of the excluded service and that this election is irrevocable. <br />Discussion <br />Since State Statute does allow City Managers and City Administrators to opt out of <br />PERA within the first six months and our employment contract specifies that we will <br />contribute to either PERA or an alternative plan, Patrick has opted to participate in the <br />ICMA-RC plan at the same contribution level as would have been required under PERA <br />by both himself and the City. There is not impact on the budget as a result of this <br />election. PERA requires formal City Council approval of this election. <br />Council Action <br />Adopt Resolution 2010-028, a resolution approving election of Patrick Klaers to be <br />excluded from the Public Employees Retirement Association. <br />City Council Meeting <br />\�1Vletro-inet.us\ardenhills�.Admin\Council�Agendas & Packet Information\2010\5-24-10 Regular�Packet <br />Information�.Pat's Exclusion fro PERA.doc <br />Page 1 of 1 <br />
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