04-9484r
84
RESOLUTION NO. 9484
RESOLUTION AMENDING THE POST RETIREMENT HEALTH CARE SAVINGS PLAN
FOR MANAGEMENT EMPLOYEES
WHEREAS, Laws of Minnesota 2001, chapter 352.98, authorizes the Minnesota
State Retirement System (MSRS) to offer a Post Retirement Health Care Savings Plan
(Plan) program to state employees, as well as, other governmental subdivisions, and
WHEREAS, the Internal Revenue Service Code provides for such Plans, and
WHEREAS, the City of Richfield currently offers such a Plan to eligible City
employees as a tax free method for employees to set aside money to cover the ever
increasing costs of health insurance and medical costs after termination of public
employment, and
WHEREAS, such plans must be established by employee group, either through a
collective bargaining agreement for union employees or a personnel policy for employees
not covered by a collective bargaining agreement, and
WHEREAS, modifications to the provisions of an established Plan for Management
employees have been agreed to by the Management group of City employees and the City
of Richfield, and
WHEREAS, the proposed plan is a net savings to the City of Richfield and a benefit
to the individual employees covered by the plan.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
Richfield hereby authorizes the City Manager to amend the Health Care Savings Plan for
the Management group of employees in the City of Richfield.
Adopted by the City Council of the City of Richfield, Minnesota this 13th day of July,
2004.
ATTEST:
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Nancy Gibbs City Clerk