res_8926 - Laserfiche WebLink

Home

EXTRACT OF MINUTES OF MEETING OF THE CITY COUNCIL OF THE CITY OF ROSEVILLE * * * * * * * * * * * Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Roseville, County of Ramsey, Minnesota was duly held on the 12th day of April, 1993, at 7:30 p.m. The following members were present: Maschka, Goedeke, P. Johnson, Cushman, and V. Johnson, and the following were absent: None. Member Maschka introduced the following resolution and moved its adoption: RESOLUTION NO. 8926 RESOLUTION ADOPTING FIRE RELIEF PENSION INCREASE WHEREAS, pursuant to the provisions of the laws of the state of Minnesota, the city Council is required to approve pension benefit increases and funding thereof before the Roseville Fire Relief Association may implement a change; and WHEREAS, the Roseville Fire Relief Association has requested increased pension benefits; and WHEREAS, the City has requested that the Association consider the adoption of certain procedural matters, although the Association is not obligated to do so; and WHEREAS, the Relief Association's Board of Trustees, in cooperation wi th the City, has adopted and implemented investment policies and procedures dated December 14, 1992, set forth on Exhibit A. Such policies and procedures are intended to provide safeguards for the investment of property tax and state aid funds received by the Relief Association for the benefit of firefighters; and WHEREAS, in the spirit of cooperation, representatives of the Relief Association's Board of Trustees and the City have proposed certain procedural matters, set forth on Exhibit B, which will be presented to the Board of Trustees for adoption and, thereafter where appropriate, to the membership for inclusion in the bylaws of the Association; NOW, THEREFORE, BE IT RESOLVED, by the Council of the City of Roseville, Minnesota, that the Council adopts and approves the following pension rates and implementation schedule retroactive to January 1, 1993, in consideration of the Relief Association's Board of Trustees agreeing to the matters contained in paragraph 4 on Exhibit B, and the membership of the ReI ief Association adopting and maintaining (unless there is a good faith and reasonable basis for amending) the matters set forth in paragraphs 1, 2, and 3 on Exhibit B as bylaw provisions: Effective Date Monthlv Rate Lump Sum Payout January 1, 1993 January 1, 1994 $17.50 $20.00 $1,750 $2,000