HomeMy WebLinkAboutCC Reso No 2011-060 City Council Reso. RESOLUTION NO. 2011 -060
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF LAKE ELSINORE, CALIFORNIA, DECLARING ITS
AFFIRMATIVE STATEMENT OF ADOPTION OF THE
VANTAGECARE RETIREMENT HEALTH SAVINGS (RHS)
PLAN NO. 803301
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 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 model trust made available by the ICMA Retirement
Corporation.
BE IT FURTHER RESOLVED that the Employer shall be the coordinator and
contact for the Plan and shall receive necessary reports, notices, etc.
PASSED, APPROVED AND ADOPTED at a regular meeting of the City Council
of the City of Lake Elsinore, California, this 11 day of October, 2011.
Cj)
BRIA ISDALE, MAYOR
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BAR ARA ZEI I LEIBOLD
CITY ATTORN Y
STATE OF CALIFORNIA
COUNTY OF RIVERSIDE ) ss.
CITY OF LAKE ELSINORE )
I, Virginia J. Bloom, City Clerk of the City of Lake Elsinore, California, hereby
certify that Resolution No. 2011 -060 was adopted by the City Council of the City of Lake
Elsinore, California, at a regular meeting held on the 11 day of October 2011, and that
the same was adopted by the following vote:
AYES: Council Member Hickman, Mayor Pro Tenn Magee, Council
Member Melendez, Council Member Weber and
Mayor Tisdale
NOES: None
ABSENT: None
ABSTAIN: None
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Virginia . Blo•
City Cler