11-10480rRESOLUTION NO. 10480
RESOLUTION AUTHORIZING THE ESTABLISHMENT OF A POST EMPLOYMENT
HEALTH CARE SAVINGS PLAN FOR GENERAL SERVICES 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, a -nd
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 General
Services 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 General Services group of employees in the City of Richfield.
Adopted by the City Council of the City of Richfield, Minnesota this 22nd day of
February, 2011.
I/ 1
ATTEST:
Nancy Gibb , City Clerk