Res 1998-59 00120
RESOLUTION NO. 59 - 1998
RESOLUTION APPROVING THE USE OF THE PUBLIC EMPLOYEES
RETIREMENT ASSOCIATION (P.E.R.A.) EARLY RETIREMENT FACTORS AS
RETIREMENT FACTORS FOR THE MEMBERS OF THE CONSOLIDATED POLICE
P.E.R.A.
WHEREAS, in 1993 the Fridley Police Pension Association was consolidated
with the Public Employees Retirement Association (P.E.R.A. ) ; and
WHEREAS, in 1995 the Minnesota Legislature adopted pension reform and
uniformity legislation which includes a change reducing the penalty for
early retirement for P.E.R.A. police members, and
WHEREAS, Chapter 353A of the Minnesota State Statutes requires City
Council approval to apply the new retirement factors for consolidated
P.E.R.A. members,
NOW, THEREFORE, BE IT RESOLVED that the City of Fridley hereby approves
the new retirement factors for all members of the consolidated Police
Relief Association.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 14TH
DAY OF SEPTEMBER, 1998.
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1 CY J/J�'G �`Sy - MAYOR
ATTEST:
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DEBRA A. SKOGEN - CI ► CLERK