My WebLink
|
Help
|
About
|
Sign Out
14
City of Pleasanton
>
CITY CLERK
>
AGENDA PACKETS
>
2009
>
051909
>
14
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
5/14/2009 2:48:15 PM
Creation date
5/14/2009 2:35:31 PM
Metadata
Fields
Template:
CITY CLERK
CITY CLERK - TYPE
STAFF REPORTS
DOCUMENT DATE
5/19/2009
DESTRUCT DATE
15 Y
DOCUMENT NO
14
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
30
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
This TRUST is hereby established by the CITY OF PLEASANTON (the "Employer <br />RECITALS: <br />WHEREAS, the Employer is a municipal corporation exempt from federal income tax <br />under the Internal Revenue Code; <br />WHEREAS, the Employer provides post employment benefits other than pension <br />benefits "OPEBs including but not limited to retiree health benefits, to eligible retirees, <br />spouses, domestic partners, and dependents; <br />WHEREAS, providing such benefits is an essential function and integral part of the <br />exempt activities of the Employer; <br />WHEREAS, the Employer wishes to fund OPEBs by contributing and accumulating <br />assets on a tax exempt basis under a segregated trust for the exclusive benefit of eligible <br />retirees, spouses, domestic partners, and dependents; and <br />WHEREAS, the Employer wishes to establish this Trust under the terms and conditions <br />set out below. <br />NOW, THEREFORE, effective 2009, the Employer hereby <br />establishes this Trust in accordance with the following provisions: <br />1.1 <br />DECLARATION OF <br />OTHER POST EMPLOYMENT BENEFITS (OPEB) TRUST FOR THE <br />CITY OF PLEASANTON <br />ARTICLE I <br />CONSTRUCTION <br />Definitions. Capitalized words used in this Trust are defined in Article VII <br />EXHIBIT A <br />1.2 Headings and Subheadings. The headings and subheadings in this Trust are <br />inserted for the convenience of reference only and are to be ignored in any construction of the <br />provisions thereof. <br />ARTICLE II <br />ADMINISTRATION <br />2.1 Employer. The Employer shall supply such full and timely information for all <br />matters relating to the Trust as the Committee and the Trustee may reasonably require for the <br />effective discharge of their respective duties. <br />2.2 Trustee. The Employer shall appoint the Trustee to hold and invest amounts <br />contributed to the Trust and any income, gains, or profits thereon. If no trustee is so appointed, <br />the Employer will be the Trustee. The Trustee shall hold Trust assets in accordance with the <br />Trust's terms. However, the Committee will have exclusive authority and discretion to direct the <br />1 <br />
The URL can be used to link to this page
Your browser does not support the video tag.