HomeMy WebLinkAboutR-2173 - Adoption of the VantageCare Retirement Health Savings (RHS) ProgramRESOLUTION FOR THE ADOPTION OFTHE
VANTAGECARE RETIREMENT HEALTH SAVINGS (RHS)PROGRAM
RESOLUTION No.d-1 7 3
Plan Number:j!80!!!0>L;9!;;2,!!0 _
State:WashingtonCityofMarysvilleName of Employer:._-"<!!.X..\!L.!l!!!1lll'!:J!!!!'!L-_
Resolution of the above-named Employer (the "Employer"):
WHEREAS,the Employer has employees rendering valuable services;and
WHEREAS,the establishment of a retiree health savings plan 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 retention of competent personnel; and
WHEREAS,the Employer has determined that the establishment of the retiree health savings plan (the
"Plan") serves the above objectives;
NOW,THEREFORE BE IT RESOLVED,that the Employer hereby adopts the Plan in the form of the ICMA
'Retirement Corporation's VantageCare Retirement Health Savings program.
BE IT FURTHER RESOLVED that the assets of the Plan shall be held in trust, with the Employer serving as
trustee, for the exclusive benefit of Plan participants and their beneficiaries,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 City of Marysville Integral Part Trust in the form of:(Select one)
ri The model trust made available by the ICMA Retirement Corporation
o The trust provided by the Employer (executed copy attached hereto).
BE IT FURTHER RESOLVED,that the Human Resources Manager (use title of Employer's official, not
name) shall be the coordinator and contact for the Plan and shall receive necessary reports, notices, etc.
PASSED BY THE CITY COUNCIL AND APPROVED BY THE MAYOR THIS ):3 i:A,DAY OF
/tA~,2006.
CITY OF MARYSVILLE
o -rem
~~CITYCLER
(3ITY ATTORNEY
APROVED AS TO FORM:
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