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<br /> <br />Request for Action <br /> <br /> <br />To Item Number <br />Mayor and City Council 4.5 <br />Agenda Section Meeting Date Prepared by <br />Consent July 15, 2019 Lauren Wipper, Human Resources Manager <br />Item Description Reviewed by <br />Amend Resolution 18-72, 2019 Compensation Plan Cal Portner, City Administrator <br />Reviewed by <br /> <br /> <br />Action Requested <br />Adopt, by motion, an amendment to Resolution 18-72, 2019 Compensation Plan. <br /> <br />Background/Discussion <br />At the July 1, 2019, Work Session, the City Council discussed an amendment to the 2019 Compensation <br />Plan to provide insurance coverage to employees approved for a Phased Retirement Option Agreement <br />through the Public Employee Retirement Association. <br /> <br />The Phased Retirement Option allows eligible employees to reduce their hours to part time status as they <br />phase their retirement to a date certain. <br /> <br />The council expressed full consensus that the change would benefit the city in succession planning <br />operational continuity, and temporarily save salary costs. <br /> <br />Financial Impact <br />N/A <br /> <br />Attachments <br /> 2019 Compensation Plan as amended <br /> <br /> <br />The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional <br />service, and community engagement that encourages and inspires prosperity <br />