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HomeMy WebLinkAboutCC Resolution 12729 (New Contributions to RHS)RESOLUTION NO. 12729 A RESOLUTION OF THE CITY COUNCIL AMENDING RESOLUTION NO. 11498 AND AUTHORIZING AMENDMENT OF THE DECLARATION OF TRUST FOR THE ICMA-RC VANTAGECARE RETIREMENT HEALTH SAVINGS (RHS) PLAN TO ALLOW NEW CONTRIBUTIONS TO SUCH PLAN. WHEREAS, the City of San Rafael (the "Employer") previously adopted the City of San Rafael ICMA-RC VantageCare Retirement Health Savings (RHS) Plan effective April 8, 2004, pursuant to City Council Resolution No. 11498, adopted February 17, 2004; and WHEREAS, an amendment of the existing Retirement Health Savings Plan is needed to allow new contributions into the such plan; and WHEREAS, the Employer deems it to be in the best interest of the Employer and the Plan to amend the Plan to provide for additional participation. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SAN RAFAEL DOES RESOLVE, DETERMINE AND ORDER AS FOLLOWS: The City Council by this Resolution amends City Council Resolution No. 11498, and authorizes the City Manager to execute the necessary documents to amend the Declaration of Trust for the City of San Rafael ICMA-RC VantageCare Retirement Health Savings (RHS) Plan to provide for Voluntary Retirement Separation Program payments to be deposited into the Plan, at the election of the bargaining units, and to further provide for the City to contribute 2% of the top step of the firefighter salary for firefighters hired after January 1, 2010 and for equal contributions to be made by said firefighters into the RHS plan every pay period. I, ESTHER C. BEIRNE, Clerk of the City of San Rafael, hereby certify that the foregoing resolution was duly and regularly introduced and adopted at a regular meeting of the Council of said City held on the 4`h day of May, 2009 by the following vote, to wit: AYES: Councilmembers: Brockbank, Connolly, Heller, Miller & Mayor Boro NOES: Councilmembers: None ABSENT: Councilmembers: None Esther C. Beirne, City Clerk