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HomeMy WebLinkAboutCity Council Resolution 2012-136CITY OF PLYMOUTH RESOLUTION No. 2012-136 A RESOLUTION ADOPTING PERA's PHASED RETIREMENT OPTION PROGRAM AND APPROVING RELATED AMENDMENTS TO SECTION 5 OF THE PERSONNEL POLICY WHEREAS, PERA's Phased Retirement Option program will serve to allow employees to gradually transition into retirement and will allow the city to maintain its knowledge base and service levels at a reduced cost; and WHEREAS, PERA's Phased Retirement Option program must be adopted by the City Council before it may be offered to eligible employees. NOW, THEREFORE, BE IT HEREBY RESOLVED by the City Council of the City of Plymouth, Minnesota, that it does adopt PERA's Phased Retirement Option program and related amendments to Section 5 of the city's Personnel Policy as reflected in the Phased Retirement Option Policy and the Compensation and Benefits Information for PRO Participants. BE IT FURTHER RESOLVED that the above listed actions will be effective April 25, 2012. Approved this 24t1' day of April, 2012.