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6.2.C. - Page 3 <br />RESOLUTION NO. <br />A RESOLUTION AMENDING THE EXISTING INTERNATIONAL <br />ASSOCIATION 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' ASSOCIATION (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 employees' health needs during retirement, by <br />providing increased flexibility in its personnel management system, and by assisting in <br />the attraction and retention of competent personnel; and <br />WHEREAS, the City of Redwood City has determined 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 City of Redwood City serving as trustee for the exclusive benefit 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 />ATTY /RESO.2172 /VANTAGECARE RETIREMENT HEALTH SAVINGS PROGRAM <br />101811 <br />