HomeMy WebLinkAboutRESOLUTIONS-2005-069-R-05n
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9/19/05, 9/27/05,10/3/05
69-R-05
A RESOLUTION
Authorizing the City Manager to Sign an
Agreement with ICMA for Participation In the
VantageCare Retirement Health Savings Plan for the
Senior Management Employee Group
WHEREAS, the City of Evanston has established retiree health
savings plans for the following employee groups: a) Teamsters Local 714
(Evanston Chapter); b) Evanston Police Sergeants Association, FOP; and
c) International Association of Fire Fighters Local 742;
WHEREAS, the City of Evanston has senior management
• employees rendering valuable services; and
WHEREAS, the establishment of a retiree health savings plan for the
senior management employees serves the interests of the City 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 certain senior management employees participate in
the Illinois Municipal Retirement Fund (IMRF); and
WHEREAS, the senior management employees in the Fire and
Police Departments participate in the separate Police Pension Fund or Fire
Pension Fund; and
0 WHEREAS, standard member earnings reportable to the Illinois
69-R-05
Municipal Retirement Fund may not include certain forms of compensation •
directed into a Retirement Health Savings Plan; and
WHEREAS, the governing body of an IMRF participating unit of
government may elect to include in IMRF earnings all compensation directed into
a retirement health savings plan; and
WHEREAS, the City Council of the City of Evanston is authorized to
include compensation directed into a retirement health savings plan as earnings
reportable to IMRF, and it is desirable that it do so; and
WHEREAS, the City has determined that the establishment of a
retirement health savings plan to be administered by the ICMA Retirement
Corporation and/or its affiliates serves the above objectives; and
WHEREAS, the City desires that its retirement health savings plan •
be administered by the ICMA Retirement Corporation and/or its affiliates;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL
OF THE CITY OF EVANSTON, COOK COUNTY, ILLINOIS:
SECTION 1: That the City hereby adopts the Plan in the form of the
ICMA Retirement Corporation's VantageCare Retiree Health Savings Plan
(hereinafter, the "Plan").
SECTION 2: That the City Council of the City of Evanston does
hereby elect to include as earnings reportable to IMRF compensation directed into
a Plan effective November 1, 2005.
SECTION 3: That the assets of the Plan shall be held in trust, with 0
the City serving as trustee, for the exclusive benefit of the Plan participants and
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69-R-05
• their beneficiaries and the assets of the Plan shall not be diverted to any
•
other purpose.
SECTION 4: That the Finance Director shall be the coordinator and
contact for the Plan and shall receive necessary reports, notices, etc.
SECTIONS: That the City Manager is hereby authorized and
directed to negotiate any additional conditions of the Agreement as may be
determined to be in the best interests of the City.
SECTION 6: This Resolution shall be in full force and effect from
and after its passage and approval, in the manner provided by law.
Attest:
Cie,( 4,"
Mary r i ity Clerk
Adopted: , 2005
rraine H. Morton, Mayor
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