06-9721r
RESOLUTION NO. 9721
RESOLUTION APPROVING LETTER OF AGREEMENT BETWEEN THE CITY OF
RICHFIELD AND INTERNATIONAL UNION OF OPERATING ENGINEERS, LOCAL 49
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 Labor and Trades
employees, represented by IUDE, Local 49.
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 Labor and Trades employees represented by IUDE, Local 49 in the City of Richfield.
Adopted by the City Council of the City of Richfield, Minnesota this 14th day of
February 2006.
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Martin J. KirsbR/Mayor
ATTEST:
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Nancy Gibb , City Clerk