HomeMy WebLinkAbout21166 - RESOLUTIONS - 12/15/2004 RESOLUTION NO. 21166 '
OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS, CALIFORNIA,
APPROVING THE ADOPTION OF THE VANTAGECARE RETIREMENT HEALTH
SAVINGS (RHS) PROGRAM, PLAN NUMBER 800957, FOR DEPARTMENT
HEADS, THE MANAGEMENT, PROFESSIONAL AND SUPERVISORY (MAPS)
UNIT, THE POLICE MANAGEMENT UNIT, THE FIRE MANAGEMENT UNIT,
AND THE POLICE SAFETY UNIT.
WHEREAS, the City of Palm Springs ("Employer") wishes to recognize members of employee
organizations, and
WHEREAS, the establishment of a retiree health savings plan for 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") for the employee units named above serves the above objectives;
NOW THEREFORE BE IT RESOLVED that the assets of the Flan 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 Palm
Springs (name of Employer) Integral Part Trust in the form of the model trust made available by the
ICMA Retirement Corporation.
BE IT FURTHER RESOLVED that the City of Palm Springs' Director of Finance & Treasurer
shall be the coordinator and contract for the Plan and shall receive necessary reports,
notices, etc.
ADOPTED this 15th day of December, 2004
AYES: Members McCulloch, Mills, Pougnet and Mayor Oden
NOES: None
ABSENT: Member Foat
ATTEST: CITY OF PALM SPRING ALIFORNIA
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BY
Acting City Clerk City Manager"
REVIEWED & APPROVED as to form '