Resolution 4948 - ICMA VantageCare Retirement Health Savings ProgramRESOLUTION NO.4948
A RESOLUTION AUTHORIZING PARTICIPATION IN THE INTERNATIONAL
CITY MANAGER ASSOCIATION (ICMA) VANTAGECARE RETIREMENT
HEALTH SAVINGS (RHS) PROGRAM AND AUTHORIZING SUCH
DOCUMENTS AS MAY BE NECESSARY TO EFFECTUATE PARTICIPATION
IN SUCH EMPLOYEE BENEFITS PROGRAM.
WHEREAS, the City of Kalispell (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 "elan") serves the above objectives.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
KALISPELL AS FOLLOWS:
SECTION I. That the City of Kalispell does hereby adopt the Plan in the form of
the ICMA Retirement Corporation's VantageCare Retirement
Health Savings program.
SECTION II. That the assets of the Man 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 for
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 Kalispell Integral Part Trust.
SECTION III. That the Personnel Specialist shall be the coordinator and contact for
the Plan and shall receive necessary reports, notices, etc.
PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE
MAYOR OF THE CITY OF KALISPELL, THIS 1 DAF NOVEMBER, 2004.
Mayor
ATTEST:
Theresa White
City Clerk