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invested in a reasonably secure plan that bears a reasonable rate of <br />interest/growth given current financial markets, such as investments made <br />pursuant to the then current Statement of Investment Policy for the City of <br />Santa Ana. This program is for medical insurance premium reduction only <br />and will be implemented by February 1, 2002 for an employee retiring <br />after July 1, 2001. If an employee retires between July 1, 2001 and <br />February 1, 2002, he or she will be eligible to participate in said plan; <br />however, in no event, will he or she be eligible to utilize this program until <br />February 1, 2002. Additionally, in no event shall said employee(s) be <br />eligible for retroactive medical program reduction assistance prior to <br />February 1, 2002." <br /> <br />Section 4. That except as amended by this Resolution, all other provisions of <br />Resolution Nos. 91-066 and 96-095 shall remain in full force and effect. <br /> <br />Section 5. That this Resolution shall be operative from and after November 1, <br />2001. <br /> <br />ADOPTED this 5th day of November, 2001. <br /> <br />Miguel A. Pulido ~." <br />Mayor <br /> <br />APPROVED AS TO FORM: <br />Joseph W. Fletcher, City Attorney <br /> <br />AYES: <br /> <br />NOES: <br /> <br />ABSTAIN: <br /> <br />NOT PRESENT: <br /> <br />Councilmembers: <br /> <br />Councilmembers: <br />Councilmembers <br />Councilmembers: <br /> <br /> By: ~ e~s iit~n~~A~o rney <br />Alvarez, Bist, Christy., Franklin, McGui.qan, <br />Solorio (6) <br /> <br />None (0) <br /> <br />None (0) <br /> <br />Pulido (1) <br /> <br />Resolution No. 2001-077 <br />Page 6 of 11 <br /> <br /> <br />