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INTERNATIONAL CITY MANAGEMENT ASSOCIATION RETIREMENT CORPORATION (ICMA) (CITY MANAGER) 1C -2015
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INTERNATIONAL CITY MANAGEMENT ASSOCIATION RETIREMENT CORPORATION (ICMA) (CITY MANAGER) 1C -2015
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Last modified
8/24/2022 11:45:33 AM
Creation date
5/14/2015 10:28:05 AM
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Contracts
Company Name
INTERNATIONAL CITY MANAGEMENT ASSOCIATION RETIREMENT CORPORATION (ICMA) (CITY MANAGER)
Contract #
A-2015-023
Agency
PERSONNEL SERVICES
Council Approval Date
1/20/2015
Expiration Date
1/20/2020
Insurance Exp Date
6/30/2023
Destruction Year
2025
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❑ Medicare Supplemental Insurance Premiums <br />❑ Prescription Drug Insurance Premiums <br />❑ COBRA Insurance Premiums <br />❑ Dental Insurance Premiums <br />❑ Dental Out -of -Pocket Expenses* <br />❑ Vision Insurance Premiums <br />❑ Vision Out -of -Pocket Expenses* <br />❑ Qualified Long -Term Care Insurance Premiums <br />❑ Non -Prescription medications allowed under IRS guidance* <br />❑ Other qualifying medical expenses (describe)* <br />*See Section V.A. for a discussion ofnondiscrimination rules which may apply to non -collectively bargained, self -insured Plans. <br />XI. Benefits After the Death of the Participant <br />In the event of a Participant's death, the following shall apply: <br />A. Surviving Spouse and/or Surviving Dependents <br />The surviving spouse and/or surviving eligible dependents (as, defined in Section XII.D.) of the deceased Participant are <br />immediately eligible to maintain the account and utilize it to fund eligible medical benefits specified in Section X above. <br />Upon notification of a Participant's death, the Participants account balance will be transferred into Dreyfus Cash <br />Management fund* (or another fiord selected by the Employer). The account balance may be reallocated by the <br />surviving spouse or dependents. <br />*An investment in the Dreyfus Cash Management money market fiend is not insured or guaranteed by the Federal Deposit Insurance <br />Corporation ar any other government agency. Although the fund seeks to preserve the value ofyour investment at $1.00 per share, it is <br />possible to lose money by investing in the fund. Investors should consider the investment objectives, risks, charges, and expenses ofthe ford <br />carefully before investing You may visit us at want, icmare.org or call800-669-7400 to obtain a prospectus that contains this and other <br />information about the fund. Read theprospectus carefully before investing. <br />If a Participants account balance has not been fully utilized upon the death of the eligible spouse, the account balance <br />may continue to be utilized to pay benefits of eligible dependents. Upon the death of all eligible dependents, the <br />account will revert to the Plan to be applied as specified in Section VIII. <br />B. No Surviving Spouse or Surviving Dependents <br />If there are no living spouse or dependents at the time of death of the Participant, the account will revert to the Plan to <br />be applied as specified in Section VIII. <br />XII. The Plan will operate according to the following provisions: <br />A. Employer Responsibilities <br />1. The Employer will submit all VantageCare Retirement Health Savings Plan contribution data via electronic submission. <br />2. The Employer will submit all VantageCare Retirement Health Savings Plan Participant status updates or personal <br />information updates via electronic submission. 'Ibis includes but is not limited to termination notification and <br />benefit eligibility notification. <br />B. Participant account administration and asset -based fees will be paid through the redemption of Participant account <br />shares, unless agreed upon otherwise in the Administrative Services Agreement. <br />
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