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Km <br /> a <br /> EXTRACT of MINUTES of MEETING OF THE <br /> CITY COUNCIL of THE CITY OF RCSEVI Ta <br /> Pursuant to due call and notice thereof, a regular meeting of the City <br /> Council of the City of Roseville, County of Ramsey, Minnesota was duly <br /> held on the 25th day of October, 1993, at 7:30 p o m qp <br /> The following members were present: <br /> and , and the following were absent: <br /> Member introduced the following resolution and moored- its <br /> adoption: <br /> RESOLUTION NO i <br /> RESOLUTION To OFFER EARLY 1 T IRWMNT INCENT E8 <br /> WHEREAS, Laws 1993, Chapter 192, authorizes cities to offer an early <br /> retirement incentive to certain long service employees* and <br /> WHEREAS� the City of Rosevi]�le can made one of the two authorized <br /> options available at no direct cost to the City or its taxpayers; <br /> ETC , THEREFORE, BE IT RESOLVED, that: <br /> 1 City employees who are 'eligible under Laws' 1993, Chapter 192, and <br /> are covered under Minnesota Statutes Section 353.29 and 353 .30, <br /> are hereby authorized to accept and receive the multiplier <br /> percentage increase. authorized by Laws 1993, Chapter 192, Section <br /> 108, Subdivision 3 (b) o <br /> Minnesota Statutes Section 353.29 and 353*30 apply to basic and <br /> coordinated PERA members, not to members of PEER Police and Fire <br /> Fund. <br /> Eligibility o f the incentive program is limited to employees who <br /> have at least 25 years of combined service -credit in any State <br /> pension plan or are at least age 65 with at least one year of <br /> combined credit, are immediately eligible upon retirement for an <br /> anbu ity are at least 55 years old, and retire on or after May -17, <br /> 1993, and before January 31, 19 9 4. <br /> It is not the intent of the resolution to authorize any hospital, <br /> medical, or dental insurance continuation benefit option for any <br /> city employee or former City employees. <br /> 3* Any vacancy created when an employee has taken an early retirement <br /> incentive as authorized by this resolution, shall be filled only <br /> after passage of a resolution or motion passed by the City Council <br /> in which the vacant position is described and the need to refill <br /> the position is slated. <br /> The motion for the adoption of the foregoing resolution was duly <br /> seconded by Member , and upon a vote being taken thereon, the <br /> following voted in favor thereof <br /> and ,p and the following voted against the same <br /> WHEREUPON said resolution was declared duly passed and adopted <br />