RES 1992-97 - 00003604267
RESOLZH CN NO. 97 - 1992
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WHEREAS, by statute, since June 15, 1980, no new private pension associations
were allowed to be established; and
WHEREAS, by statute since June 15, 1980, no new hire police officers were
allowed in existing private pension associations; and
WHEREAS, as of September, 1992, there are eight (8) active members in the
Fridley Police Pension Association and twenty -five (25) active Fridley Police
officers in P.E.R.A.; and
WHEREAS, the eight (8) active members in the Fridley Police Pension Association
are prohibited from making individual choices between the Fridley Police Pension
benefits and PERA benefits unless consolidation is achieved; and
WHEREAS, retired members of the Fridley Police Pension Association are
prohibited from making individual choices between the benefit coverage provided
under the relevant provisions of PERA or to retain benefit coverage provided
under the Fridley Police Pension plan, unless consolidation is achieved; and
WHEREAS, in 1987 the Minnesota Legislature authorized, on a voluntary elective
basis, any local police or salaried firefighters relief association and the
respective municipality to effect the consolidation of the local relief
association into the Public Employees Police and Fire Fund; and
WHEREAS, since 1987, at the request of private pension members, the membership
of twenty -three (23) private police and fire pension associations have voted to
consolidate, and have completed that process; and
WHEREAS, as of September, 1992, two (2) additional private pension associations
have approved consolidation and are requesting their city's final approval; and
WHEREAS, on November 3, 1992, the members of the Fridley Police Pension
Association voted to approve consolidation with the Public Employees Retirement
Association,
NOW THEREFORE, BE IT RESOLVED, by the Council of the City of Fridley:
The preliminary approval of the consolidation of the Fridley Police
Pension Association with the Public Employees Retirement Association is
hereby granted.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 23RD DAY OF
NOVEMBER, 1992.
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WILLIAM J. - MAYOR
ATTEST:
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