02-9232r
I
I
I
54
RESOLUTION NO. 9232
RESOLUTION AUTHORIZING THE ESTABLISHMENT OF A POST RETIREMENT
HEALTH CARE SAVINGS PLAN FOR MANAGEMENT EMPLOYEES
WHEREAS, the Laws of Minnesota 2001, Chapter 352.98, authorize 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 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.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
Richfield hereby authorizes the City Manager to establish a 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 24th day of
September 2002.
/?J~ U
Martin J. K , Mayor
ATTEST:
~11A~;~
Nancy Gibbs City Clerk