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03-9389r I I I 211 RESOLUTION NO. 9389 RESOLUTION APPROVING LETTER OF AGREEMENT BETWEEN THE CITY OF RICHFIELD AND LAW ENFORCEMENT LABOR SERVICES (LELS), LOCAL 162 ESTABLISHING A POST RETIREMENT HEALTH CARE SAVINGS PLAN 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 is interested in offering the 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, the provisions of a Plan have been agreed upon by police supervisory employees, represented by LELS, Local 162. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Richfield hereby approves a Letter of Agreement establishing a Health Care Savings Plan for police supervisory employees represented by LELS, Local 162 in the City of Richfield. Adopted by the City Council of the City of Richfield, Minnesota this 14th day of October 2003. ATTEST: ~M~ ~ Nancy GibbS~Y Clerk