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55B - RESO AND AGMT - RETIREE HEALTH SAVINGS PLAN
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11/28/2011
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55B - RESO AND AGMT - RETIREE HEALTH SAVINGS PLAN
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Last modified
1/3/2012 3:37:35 PM
Creation date
11/23/2011 1:08:08 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Personnel Services
Item #
55B
Date
11/28/2011
Destruction Year
2016
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Plan number 803237 <br />notification. <br />(b) Compensation for Advisory and other Services to the Vantagepoint Funds. <br />Employer acknowledges that certain wholly-owned subsidiaries of ICMA-RC <br />receive compensation for advisory and other services furnished to the <br />Vantagepoint Funds. The fees referred to in this subsection are disclosed in the <br />Vantagepoint Funds Prospectus. <br />Custody <br />Employer understands that amounts contributed to the RHS plan are to be remitted <br />directly to Vantagepoint Transfer Agents in accordance with instructions provided to <br />Employer in the RHS plan materials and are not to be remitted to the ICMA Retirement <br />Trust or ICMA-RC. In the event that any check or wire transfer is incorrectly labeled or <br />transferred, ICMA-RC will return it to Employer with proper instructions. <br />Responsibility <br />(a) ICMA-RC shall not be responsible for any acts or omissions of any person other <br />than ICMA-RC in connection with the administration or operation of the Plan. <br />(b) The Employer understands that, as a general matter, the Internal Revenue Service <br />("IRS") may decline to rule on certain design features or provisions that the <br />Employer may request to have added to the RHS plan materials. The Employer <br />agrees to hold ICMA-RC harmless in connection with the addition and <br />administration of any RHS plan feature or provision requested by the Employer <br />for which the IRS will not provide express interpretive guidance. <br />Term <br />This Agreement shall be in effect for an initial term beginning on the Inception Date and <br />ending 5 years after the Inception Date. This Agreement will be renewed automatically <br />for each succeeding year unless written notice of termination is provided by either party <br />to the other no less than 60 days before the end of such Agreement year. <br />Q Amendments and Adjustments <br />i a) This Agreement may not be amended except by written instrument signed by the <br />parties. <br />(b) The parties agree that an adjustment to compensation or administrative and <br />operational services under this Agreement may only be implemented by ICMA- <br />RC through a proposal to the Employer via correspondence or the Employer <br />Bulletin. The Employer will be given at least 60 days to review the proposal <br />before the effective date of the adjustment. Such adjustment shall become <br />effective unless, within the 60 day period before the effective date, the Employer <br />55B-9
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