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�. io/za/zoii <br /> � ORIGINAL <br /> RESOLUTION NO. 15151 <br /> A RESOLUTION AMENDING THE EXISTING INTERNATIONAL <br /> ASSOClATION OF FIRE FIGHTERS (IAFF LOCAL 2400) <br /> VANTAGECARE RETIREMENT HEALTH SAVINGS (RHS) PLAN <br /> ADMINISTERED BY ICMA RETIREMENT CORPORATION - RETIREE <br /> WELFARE BENEFITS PLAN TO INCLUDE MEMBERS OF THE CHIEF <br /> OFFICERS' ASSOCU►TION (COA) <br /> WHEREAS, the establishment of a retiree health savings plan for such <br /> employees serves the interests of the City of Redwood City by enabling it to provide <br /> reasonable security regarding such empioyees' heaRh needs during retirement, by <br /> providing increased flexiliility in its personnei management system, and by assisting in <br /> the attraction and retention�of competent personnel; and <br /> WHEREAS, the City of Redwood City has detertnined that the establishment of <br /> the retiree health savings plan (the "Plan") serves the above objectives; <br /> NOW, THEREFORE, BE IT RESOLVED, BY THE CITY COUNCIL OF THE <br /> � CITY OF REDWOOD CITY, hereby ammends the Plan in the form of the IMCA <br /> Retirement Corporation's VantageCare Retirement Health Savings program. <br /> • BE iT FURTHER RESOLVED, that the assets of the Plan shall be held in trust, <br /> with the Ciry of Redwood City serving as trustee for the exclusive benefd of Plan <br /> participants and their survivors, and the assets of the Plan shall not be diverted to any <br /> other purpose prior to the satisfaction of all liabilities of the Plan. The City has executed <br /> the Declaration of Trust of the IRS Private Letter Ruling on Integral Part Trust in the <br /> form of: The model trust made available by the ICMA Retirement Corporation. <br /> BE IT FURTHER RESOLVED, that the Human Resources Director or designee <br /> shall be the coordinator and contact for the Plan and shall receive necessary reports, <br /> notices, etc. <br /> , . . � <br /> � <br /> ATTYfRE50.217?NANTAGECARE RETIREMENT HEALTH SAVINGS PROGRAM RESO. 15151 <br /> 701811 MUFF A 804 <br />