HomeMy WebLinkAboutResolution 93-40RESOLUTION 93- ~0
RESOLUTION TO OFFER EARLY RETIREMENT INCENTIVF~
WHEREAS, Laws 1993, Chapter 192, authorizes cities to offer an early retirement incentive to certain
employees, and,
WHEREAS, the early retirement incentive program is limited to employees who:
1. Have at least 25 years of combined service credit in any state pension plan or are at least age 65
with at least one year of combined credit;
2. Are immediately eligible upon retirement for an annuity from a defined benefit plan;
3. Are at least 55 years old, and,
4. Retire on or after May 17, 1993, and before January 31, 1994.
WHEREAS, the City of Columbia Heights can make one of the two authorized options available at
no direct cost to the City or its taxpayers;
NOW,
Minnesota:
1.
THEREFORE, BE IT RESOLVED by the City Council of the City of Columbia Heights,
City employees who are eligible under Laws 1993, Chapter 192, and are covered under Minnesota
Statutes, Section 353.29 and 353.30, are hereby authorized to accept and receive the multiplier
percentage increase authorized by Laws 1993, Chapter 192, Section 108, subdivision 3(b).
It is not the intent of the resolution to authorize any employer paid hospital, medical, or dental
insurance continuation benefit option for any City employees or former City employees.
Any vacancy created when an employee has taken an early retirement incentive as authorized by
this resolution, shall be filled only after passage of a resolution or motion passed by the City
Council in which the vacant position is described and the need to fill the position is stated.
Passed this ?3rd day of Auqust , 1993.
Offered by:
Seconded by:
Roll call:
Murzyn
Peterson
Clerkin, Peterson, Murzyn - aye
Nawrocki, Ruettimann - abstain
nne Student, Council Secreta y