06-9747r
RESOLUTION NO. 9747
RESOLUTION APPROVING PERSONNEL POLICY FOR THE CITY COUNCIL
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 the 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 the City Council.
NOW, THEREFORE, BE IT RESOL VEO that the City Council of the City of
Richfield hereby approves a Personnel Policy establishing a Health Care Savings Plan for
the City Council employees.
Adopted by the City Council of the City of Richfield, Minnesota this 28th day of
March 2006.
l7;~W
Martin J. . ch, Mayor
ATIEST:
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Nancy Gibbs, .ty Clerk