HomeMy WebLinkAboutR-2268 - Authorizing the establishment of a Health Reimbursement Arrangement/Voluntary Employees' Beneficiary Association ("HRA VEBA") PlanCITY OF MARYSVILLE
Marysville, Washington
Resolution NOd..~j8.
RESOLUTION AUTHORIZING THE ESTABLISHMENT OF A HEALTH
REIMBURSEMENT ARRANGEMENTNOLUNTARY EMPLOYEES'
BENEFICIARY ASSOCIATION ("HRA VEBA") PLAN
WHEREAS, the Internal Revenue Code Section 501(c)(9) allows for the creation of a voluntary
employees' beneficiary association which is a tax-exempt health and welfare trust; and
WHEREAS, IRS regulations and guidelines allow an employer to offer health reimbursement
arrangement (HRA) plans; and
WHEREAS, such HRA plans are available to governmental employers in the Northwest; and
WHEREAS, the Voluntary Employees' Beneficiary Association for Public Employees in the
Northwest Trust ("Trust") offers and will administer an HRA entitled "Voluntary Employees'
Beneficiary Association Medical Expense Plan for Public Employees in the Northwest as
Amended and Restated January 1, 2001" ("Plan"); and
WHEREAS, The City of Marysville ("Employer") has determined that establishing an HRA plan
which provides a tax-free defined contribution account for employees to pay for medical, dental,
vision and tax qualified long-term care premiums and non-covered healthcare expenses is in the
best interest of the Employer and its employees; and
WHEREAS, the Employer desires to establish an HRA plan for its employees; and
WHEREAS, the Employer desires to use the services of the Trust to administer such Plan; and
WHEREAS, such HRA established by the Employer will be administered in accordance with the
Plan documents provided by the Trust on file in the Employer's main office.
NOW, THEREFORE, the Board of Directors hereby resolves as follows:
Section 1. Effective October 1, 2009. the Employer hereby elects to participate in the
Plan and Trust as presently constituted or hereafter amended using the Trust as its plan
administrator for the benefit of eligible employees as defined by Employer policies or collective
bargaining agreements.
Section 2. The Plan will be funded with Employer contributions in amounts determined
from time to time pursuant to Employer policies and collective bargaining agreements.
Section 3. The Chief Administrative Officer, Assistant Human Resources Director, or
other person is authorized to execute documents and establish procedures consistent with Plan
and Trust provisions and applicable Employer polices and collective bargaining agreements
necessary to effect the adoption and administration of the Plan.
Resolution, HRAIVEBA Plan
Page 1
PASSED by the city Council and APPROVED by the Mayor this J,~ day of
~ ,2009.
CITY OF MARYSVILLE
By:
DENNIS L. KENDALL, MAYOR
Attest:
By:
Approved as to form:
By a &r"..J-K· (J.1~
GRANT K. WEED, CITYATTOREY
Date of Publication: _
Effective Date:
(5 days after publication)
Resolution, HRAIVEBA Plan
Page 2