HomeMy WebLinkAboutCC Res 6775 2017-12-11Resolution No. 6775
SUGGESTED RESOLUTION FOR ADOPTION
and
SUGGESTED AFFIRMATIVE STATEMENT OF ADOPTION
SUGGESTED RESOLUTION FOR ADOPTION OF THE
VANTAGECARE RETIREMENT HEALTH SAVINGS (RHS) PROGRAM
Plan Number: 8 03694
Name of Employer: City of Seal Beach
Resolution of the above -named Employer (the "Employer "):
WHEREAS, REAS, the Employer has employees rendering valuable services: and
Stare; California
WHEREAS, the establishment of a retiree health savings program for such employees serves the interests of the Employer by
enabling it to provide reasonable security regarding such employees' health needs during retirement, by providing increased
flexibility in its personnel management system, and by assisting in the attraction and rerenrion of competent personnel; and
WHEREAS, the Employer has determined that the establishment of the retiree health savings program (the "Program ")
serves the above objectives;
NOW THEREFORE BE IT RESOLVED, that the Employer hereby adopts the ICMA Retirement Corporation's
VamageCarc Retironent Health Savings Program ( "Program ") through the Employer's integral part trust ( "Trust ") and the
Employers welfare benefits plan ("Plan").
BE IT FURTHER RESOLVED that the assers of the Plan shall be held in trust, with the following entity or individual
serving as trustee (Select one);
0 the Employer
❑ the following position within the Employer:
❑ the following group or committee within the Employer:
❑ the following third -parry trustee:
6. tide "f NaryW" �dq v vu ne)
(!.s .p a, mmmri.rx Kw .w )
for the exclusive benefit of Plan participants and their survivors, and the assets of the Plan shall not be diverted to any
other purpose prior to the satisfaction of all liabilities of the Plan, 'Me Employer has executed the Declaration of Trust of
the Employers Integral Parr Trust in the form ol: (Select one)
0 the sample trust made available by the ICMA Retirement Corporation
❑ The trust provided by the Employer (executed copy attached hereto).
BE 1'f FURTHER RESOLVED, that the flnenea nhtcittn'raasurer shall be the coordinator and contact for the Program and
shall receive necessary reports, notices, etc.
I Robin L. Roberts Clerk of the City of Seal Beach do hereby certify that the foregoing
resolution, proposed by City Council , Was duly passed and adopted in the C)ry or Seal Beach of the County of Orange
at a regular meeting thereof assembled this 1 1 des of , 20 17 ,
egula g y _ by the following voce:
AYES: A AS C4 IlarqaPR, lea --gym, A, core I Susla sic
NAYS: 4or1G
ABSENT: rjayv
1E3
(Seal) Clerk's Signature
Clerk's Title: City Clerk 3,z.
N "If, ,.l ' ,•,r
0
SUGGESTED AFFIRMATIVE STATEMENT FOR ADOPTION OF THE VANTAGECARE RETIREMENT
HEALTH SAVINGS (RHS) PROGRAM
Plan Number: 8 03694
Name of Employer: City of Seal Beach State: CA
AfSrmadve Statement of the above -named Employer (the "Employer "):
WHEREAS, the Employer has employees rendering valuable services; and
WHEREAS, the establishment of a retiree health savings progam serves the interests of the Employer by enabling it to
provide reasonable security regarding such employees' health needs during retirement, by providing increased flexibility in its
personnel management system, and by assisting in the attraction and retention of competent personnel; and
WHEREAS, the Employer has determined that the establishment of the retiree health savings program (the "Program ") serves
the above objectives;
NOW THEREFORE, as a duly authorized agent of the Employer, I hereby:
ESTABLISH the Employer's ICMA Retirement Corporation's VanrageCare Retirement Health Savings program through the
Employer's integral part crust ( "Trust ") and the Employer's welfare benefits plan ( "Plan"); and
SPECI FY char the assets of the Plan shall be held in trust, with the following entity or individual serving as trustee (Select one):
® the Employer
❑ the following position within the Employer;
❑ the following group or committee within the Employer:
❑ the following third -parry trustee:
( !Arco 6dk of lndl ida ring.'.)
1,nr p .p o k_ a i,. rus
(i.n name me ,d- party .v )
for the exclusive benefit of the Plan participants and their survivors, and the assets of the plan shall not be diverted to any other
purpose prior to the satisfaction of all liabilities of the Plan. The Employer has executed the Declaration of
trust of the Employers Integral Parr Trust in the form of.. (Select one)
® The sample trust made available by the ICMA Retirement Corporation
❑ The crust provided by the Employer (executed copy attached hereto).
Finance Director/Treasurer
SPECIFY chat the
shall be the coordinator
and contact for the Plus and shall receive necessary reports, notices, etc
DA f L':
12/11 /2017 OA� k
Title of Designs ed Agent
S(grs ure \
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