HomeMy WebLinkAboutResolution No. 2003-018 PERA Expendature (Mike Blood) s
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City of Wiaa
RESOLUTION NO. 2003-18
WHEREAS, reduced salary was reported to the Public Employees Retirement Association Police
& Fire fund during the period of 11/16/2000 through 2/28/2003 on behalf of Officer Michael X.
Blood while he was receiving temporary workers' compensation payments related to the
employee's service to the City of Edina; and
WHEREAS, upon reaching the termination date of those temporary payments, Officer Blood is
eligible to make a voluntary payment of the employee and employer contributions owed on the
differential salary between the gross salary reported and that which he would earn@& if fully
employed during the specified dates. The cost is based on the average salary earned during the
six calendar months immediately prior to the start date of the workers' compensation payments.
NOW, THEREFORE, BE IT RESOLVED .to enable Officer Blood to regain full salary credit for
purposes of the calculation of retirement and/or disability benefits from PERA, by the action of
this city council on February 4, 2003, the City of Edina does hereby agree, by this resolution, to
bear the cost of all employer and additional employer contributions plus interest due to Public
Employees Retirement Association at the rate of 9.3% of the gross salary differential between the
salary reported from 11/16/2000 through 2/28/2003 and the average salary he would have
earned the period plus interest at the rate of 81/2% from the March 1, 2003 to the date payment is
received by PERA. The City will remit the required employer contributions plus interest directly
to PERA upon receipt of their notice of the City's obligation to pay.
ADOPTED this 4th day of February 2003.
Attest &" 0) &:�, �
Debra A. Mangen, City Cler Dennis F. Maetzold, Mdyor
STATE OF MINNESOTA )
COUNTY OF HENNEPIN ) SS
CITY OF EDINA ) CERTIFICATE OF CITY CLERK
I,the undersigned duly appointed and acting City Clerk for the City of Edina do hereby certify that the attached and
foregoing Resolution is a true and correct copy of the Resolution duly adopted by the Edina City Council at its regular
meeting of February 4,2003,and as recorded in the Minutes of said regular meeting.
WITNESS,my hand and seal of said City this day of_ .2003.
Debra A.Mangen,City Clerk
City Hall (952) 927-8861
4801 WEST SOTH STREET FAX(952)826-0390
EDINA,MINNESOTA 55424-1394 TDD(952)826-0379