13-10816r RESOLUTION NO. 10816
RESOLUTION ESTABLISHING AN UPDATED AMENDED POST EMPLOYMENT
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 Employment 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, modification to the provisions of an established Plan for the
Management employee group have been agreed to by the Management employee
group 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 rescinds Resolution 10793, Resolution Amending a Post Employment
Health Care Savings Plan for Management Employees, and adopts the authorization of
the City Manager to amend the Health Care Savings Plan for the Management
employee group of employees in the City of Richfield.
Adopted by the City Council of the City of Richfield, Minnesota this 23rd day of
July 2013.
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De bie Goettel, Mayor
ATTEST:
H .,�
Nancy Gibbs, ,y Clerk