HomeMy WebLinkAboutRES NO 144-05
RESOLUTION NO. 1 4 4 - 0 5
RESOLUTION OF THE CITY COUNCIL FOR THE CITY OF BAKERSFIELD
FOR ADOPTION OF THE V ANT AGECARE RETIREMENT
HEAL TH SAVINGS (RHS) PROGRAM FOR THE
EMPLOYEES IN THE BLUE AND WHITE UNIT
Plan Number: 800781
Name of Employer: City of Bakersfield
State: California
Resolution of the City of Bakersfield (Employer):
WHEREAS, the Employer has employees rendering valuable services; and
WHEREAS, the establishment of a retiree health savings plan for such employees serves
the interests ofthe Employer by enabling it to provide reasonable security regarding such
employees' health needs during retirement, by providing increased flexibility in it
personnel management system, and by assisting in the attraction and retention of
competent personnel; and
WHEREAS, the Employer has determined that the establishment ofthe 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, tor 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 Bakersfield integral Part Trust in the model trust made available by
the ICMA Retirement Corporation.
BE IT FURTHER RESOLVED, that the Finance Director shall be the coordinator and
contact for the Plan and shall receive necessary reports, notices, etc.
----------000----------
,
c~'~ c
i\',
.',
,~
Cq¡('
11)
(--.
(")
I HEREBY CERTIFY that the foregoing Resolution was passed and
adopted, b.x. the Council of the City of Bakersfield at a regular meeting thereof held on
JuN 2 2 2005 by the following vote:
cAĊ¸ËS:)
NOES:
ABSTAIN:
ABSENT:
/....-'.--....--........ --- ¡...--
COUNCILMEMBER: CARSON, BENHAM, MAGGARD, COUCH HANSON, SULLIVAN, SCRIVNER
COUNCILMEMBER:
COUNCILMEMBER:
COUNCILMEMBER:
(!1""jJ: ß. mJ A~
PAMELA A. McCARTHY, C
City Clerk and Ex Officio Clerk of the
Council of the City of Bakersfield
APPROVED JUN 2 2 2005
HARVEY L. HALL
Mayor of the City of Bakersfield
APPROVED as to form
VIRGINIA GENNARO
City Attorney
By: ~ ÌJÞ .JIwf¡
,n
,:>,
""',