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HomeMy WebLinkAboutResolution 98-04RESOLUTION NO. 98-04 RESOLUTION APPROVING THE ADOPTION OF SPECIAL LEGISLATION ESTABLISHING THE BOARD OF TRUSTEES AND A DEFINED CONTRIBUTION PENSION PLAN WHEREAS, the City Council of the City of Columbia Heights established a committee of the Council to meet with the Board of Examiners of the Volunteer Fire Relief Association to review pension by-laws and Board of Trustee concerns, and WHEREAS, k was the joint recommendation of this group to adopt new by-laws which comply with State requirements, and WHEREAS, it was the joint recommendation of this group that the new by-laws provide for a defined contribution pension plan, and WHEREAS, k was the joim recommendation of this group to support new State legislation allowing the Columbia Heights Fire Department Volunteer Relief Association to be governed by a Board of Trustees as defined under Minn. State Stat. $317A and $424A as well as other laws applicable to volunteer fire department relief assodations, and WHEREAS, it was the joint recommendation of this group for new legislation to provide for by-laws that provide that future benefits payable to any member of the Association are a defined contribution lump sum service pension under Minnesota statutes, NOW, THEREFORE, BE 1T RESOLVED by the City Council of the City of Columbia Heights that the City Council will support a bill for an act to implement these changes. Passed this 12~h day of January, 1998 Offered by: Jolly Seconded by: Szurek Roll Call: All ayes Gary Petenon, Mayor Pro-Tem (-~-Anne Student, Coun~retary