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2011-080 - ICMA-RC Vantagecare Retirement Health Savings Plan
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2011-080 - ICMA-RC Vantagecare Retirement Health Savings Plan
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Last modified
1/10/2012 4:15:00 PM
Creation date
12/2/2011 11:11:17 AM
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City Clerk
Doc Type
Resolution
Doc #
2011-080
Date
11/28/2011
Destruction Year
P
Document Relationships
2016-053 - Amend Resolution No. 2011-080
(Amended By)
Path:
\Resolutions\CITY COUNCIL\2011 -\2016
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sick leave, vacation, and other benefits to an account, which is tax-free at <br />deposit and tax-free at withdrawal when used to pay for qualified medical <br />expenses. <br />F. The existing medical retirement subsidy funds for participating bargaining <br />units will be deposited into the trust and distributed equitably to current <br />and retired bargaining unit members. Each bargaining unit will determine <br />how the existing funds will be split among their membership. Any future <br />negotiated City contributions for participating bargaining units will be <br />deposited into the trust. <br />G. The plan will be administered by ICMA-RC at no cost to the City. <br />Reimbursement requests will be handled directly by a third party <br />administrator and no longer handled by the City of Santa Ana. <br />Section 2. The City hereby adopts the ICMA-RC VantageCare Retirement <br />Health Savings Plan. The City Manager and Executive Director of Personnel or their <br />respective designees are hereby authorized to execute any documents required in <br />furtherance of the establishment of this health savings plan. <br />Section 3. This Resolution shall take effect immediately upon its adoption by <br />the City Council, and the Clerk of the Council shall attest to and certify the vote adopting <br />this Resolution. <br />Resolution No. 2011-080 <br />Page 2 of 3
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