HomeMy WebLinkAboutResolution 96-58 RESOLUTION NO. 96-58
APPROVING THE USE OF NEW RETIREMENT FACTORS BY PERA FOR NEW
RETIREMENT FACTORS
FOR CONSOLIDATED MEMBERS
WHEREAS, on March 14, 1994, the City Council approved the
consolidation of the Columbia Heights Police Relief Association
with the Public Employees Retirement Association, and,
WHEREAS, legislation has changed, reducing the penalty for
early retirement for PERA police and fire relief members, and,
WHEREAS, the legislation requires the City Council to adopt a
resolution approving the new retirement factors for consolidated
PERA members.
NOW, THEREFORE, BE IT RESOLVED, That the City of Columbia
Heights approves the new PERA police and fire retirement factors
for all consolidated PERA members.
Passed this 23rd day of September, 1996.
Offered by:
Seconded by:
Roi1 Call:
Mayor Sturdevant
Councilmember Jones
Ayes: Jones, Jolly,
Peterson
Nayes: None
Sturdevant,
Ruettimann,
/-~ _ //~osep~ Sturdevant~, Mayor
~ ~'~--'~~_Car o 1 e B~~i o we'r ~