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RESOLUTION NO. 12-560 <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON, <br /> APPROVING THE ESTABLISHMENT OF THE VANTAGECARE RETIREMENT <br /> HEALTH SAVINGS (RHS) PLAN <br /> WHEREAS, the City of Pleasanton has employees rendering valuable services; and <br /> WHEREAS, the establishment of a retiree health savings plan for such employees <br /> serves the interest of the City of Pleasanton by enabling it to provide reasonable security <br /> regarding such employees' health needs during retirement, by providing increased flexibility in <br /> its personnel management system, and by assisting in the attraction and retention of competent <br /> personnel; and <br /> WHEREAS, the City of Pleasanton has determined that the establishment of the retiree <br /> health savings plan (the "Plan") serves the above objectives. <br /> NOW, THEREFORE BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF <br /> PLEASANTON DOES RESOLVE, DECLARE, DETERMINE AND ORDER THE FOLLOWING: <br /> SECTION 1: The City of Pleasanton hereby adopts the Plan in the form of the ICMA <br /> Retirement Corporation's VantageCare Retirement Health Savings program. <br /> SECTION 2: The assets of the Plan shall be held in trust, with the City of Pleasanton <br /> serving as trustee for the exclusive benefit of Plan participants and their survivors, and the <br /> assets of the Plan shall not be diverted to any other purpose prior to the satisfaction of all <br /> liabilities of the Plan. The City of Pleasanton has executed the Declaration of Trust of the City of <br /> Pleasanton Integral Part Trust in the form of the model trust made available by the ICMA <br /> Retirement Corporation. <br /> SECTION 3: The Human Resources Manager shall be the coordinator and contact for <br /> the Plan and shall receive necessary reports, notices, etc. <br /> PASSED, APPROVED AND ADOPTED by the City Council of the City of Pleasanton at <br /> a regular meeting held on September 4, 2012. <br /> I, Karen Diaz, City Clerk of the City of Pleasanton, California, certify that the foregoing <br /> resolution was adopted by the City Council at a regular meeting held on the 4'" day of <br /> September 2012, by the following vote: <br /> Ayes: Councilmembers Cook-Kallio, McGovern, Sullivan, Thorne, Mayor Hosterman <br /> Noes: None <br /> Absent: None <br /> Abstain: None <br /> akidA <br /> Karen iaz, City Clerk <br /> APPROVED AS TO FORM: <br /> , <br /> Jotat . Lowell, City Attorney <br /> • <br />