RES 1993-70 - 00003264RESOLUTION NO. 70 - 1993
RESOLUTION GRANTING FINAL APPROVAL FOR THE CONSOLIDATION OF THE
FRIDLEY POLICE PENSION ASSOCIATION WITH THE PUBLIC EMPLOYEES
RETIREMENT ASSOCIATION
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 fire fighters 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 -five (25) private police and fire pension associations have voted to
consolidate, and have completed that process; and
WHEREAS, as of September 1993, eight (8) 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 final approval for 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 27TH DAY OF
SEPTEMBER, 1993.
ATTEST:
1 li 0, a
WILLIAM A. CHAMPA, CITY CLE
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WILLIAM Jd EE - MAYOR