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r <br />REQUEST FOR COUN'�CIL ACTION DATE: 2/10/86 <br />000:30w� • <br />Department Appriovailo, Manager Reviewe%.... Agenda Section, <br />It Ordinances <br />item- Description: Ordinance amending eligibility requiremen-t---s <br />,for severance pay,9 <br />At the Februaryi4, 1986 Council Work Session, it was recommended <br />`1 <br />the ell"191"b1lity requirements of the current severance pay <br />d m <br />r?-irovislon of the City Code be updated to reflect current PERA <br />retirement provisions,,. The amount of' severance pay is not <br />ryroposed tio chiange& only the eligibility requirements are <br />i <br />ed o <br />r-ropos, t ch& lge. <br />? <br />The fi'rst sub-paragraph under City Code 254,.070 defines the age <br />eligibil"lity for the severance pay as follows: <br />III(!) R,egiu,lar employees who are sixty years of <br />4 <br />ge �oir older - and olicemen. who are - f if ty-f ive <br />a (55) <br />P <br />years of age or olider with ten (10) or more years <br />of' slervice with the City who terminate their <br />employment because, of retirement.," <br />I <br />The City Attorney has prel,pareld an ordinance (attached) which <br />am,end,s sub-paragraph (I) to define alge eligibility as to whatever <br />0 <br />thell PE,RA statutie priovides, and reads as �follows. <br />"(1) Regular employees and police officers who meet <br />the eligibility requirements for receipt of a pension <br />5 <br />purisuant to the Public Employee Retirement Association <br />A <br />Statute, Minn.. SItat. Chapter 3513, 'with ten (10) or more <br />years of slervice with the City,, who terminate their <br />employment because of retirement.11 <br />COUNCIL ACTION REQUESTED: <br />Motion adopt i ng Ordinance No amending Section 254.0170 (1) <br />itf the City Code,, establishing eligibility requirements for <br />severance <br />