RES 1973-36 - 0000806763
RESOLUTION NO. 36 -1973
A RESOLUTION RELATING TO CHANGES IN THE POLICE PENSION PLAN OF
THE CITY OF FRIDLEY
WHEREAS, the City of Fridley has recognized the private pension
plan administered by the Fridley Police Pension Association is not being
funded to insure the plan is actuarially sound; and
WHEREAS, the City Council recognizes its obligation to fund this
plan for Police Officers hired prior to March 1, 1973 on an actuarially
sound basis; and
WHEREAS, the City Administration and the Fridley Police Pension
Association have negotiated an agreement whereby funding of the private
pension plan is required provided all new Police Officers hired after
March 1, 1973 become members of the Minnesota Public Employees Police
and Fire Fund operated pursuant to Minnesota Statutes, Section 353.63
to 353.68 and are not eligible for membership in the Fridley Police
Pension Association; and
WHEREAS, that agreement/ contained in a letter dated March 9, 1973
and signed by James R. McKersie and Waldemar H. Olsen, President and
Secretary respectively;of the Fridley Police Pension Association is
made an attachment to this resolution; and
WHEREAS, the City of Fridley and the Fridley Police Pension Asso-
ciation realize that legislation will have to be passed by the Minnesota
' Legislature and signed by the Governor to implement this agreement;
NOW THEREFORE, BE IT RESOLVED that the City Council by this resolu-
tion accepts the agreement as outlined in the letter of March 9, 1973
from the Fridley Police Pension Association and attached to this resolu-
tion, and directs the City Manager and the City Attorney to work with
members of the Legislature to insure passage of legislation implementing
this agreement; and
BE IT FURTHER RESOLVED that the City Council respectfully requests
Senator David Schaaf, Representative Joe Connors and Representative
Paul McCarron to authorize this bill and work for the passage of this
bill in the 1973 session of the Legislature.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS
12TH DAY OF MARCH . 1
ATTEST:
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CITY CLE K - RVIN C. BRUNSELL