55E - RESO - DESIGNEE FOR RETIREMENT PLAN

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' ` CITY COUNCIL MEETING DATE: JUNE 21, 2016 TITLE: ADOPT A RESOLUTION TO AMEND RESOLUTION NO. 2011 -080 TO AFFIRM THE APPOINTMENT OF THE EXECUTIVE DIRECTOR OF PERSONNEL SERVICES, OR HIS OR HER DESIGNEE, AS THE CITY'S PLAN ADMINISTRATOR OF THE RETIREMENT HEALTH SAVINGS PLAN AND AFFIRM THE APPOINTMENT OF THE CITY'S EXECUTIVE DIRECTOR OF FINANCE AS THE PLAN TRUSTEE, AND EXECUTE THE PARTICIPATION AGREEMENT WITH VANTAGE TRUST COMPANY, LLC. TRUSTEE OF THE VANTAGETRUST II MULTIPLE COLLECTIVE INVESTMENT FUNDS TRUST {STATEGIC PLAN NO. 7,6} CITY MANAG RECOMMENDED ACTION CLERK OF COUNCIL USE ONLY: Elaucr.]TA4 7 ❑ As Recommended ❑ As Amended ❑ Ordinance on 1®' Reading ❑ Ordinance on 2nd Reading ❑ Implementing Resolution ❑ Set Public Hearing For CONTINUED TO FILE NUMBER 1. Adopt a resolution to amend Resolution No. 2011 -080, which authorized the adoption of the ICMA -RC VantageCare Retirement Health Savings Plan Accessible to All Bargaining Units to affirm the appointment of the Executive Director of Personnel Services, or his or her designee, as the City's Retirement Health Savings ( "RHS ") Plan Administrator of the Plan, authorized to implement the RHS plan, amend the RHS plan, and to take additional action as necessary to maintain the City's participation in the RHS plan, maintain compliance with any regulations regarding the RHS plan, and to administer the RHS plan for current and retired bargaining unit members on behalf of the City. 2. Adopt a resolution to amend Resolution No. 2011 -080, to affirm the appointment of the Executive Director of Finance, or his or her designee, as the City's Plan Trustee authorized to maintain compliance with any regulations regarding the trust for the VantageCare Retirement Health Savings Plan and make changes as necessary to the RHS plan investment options available to plan participants. 55E -1