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25D - AGMT - EMPLOYEE INSURANCE
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25D - AGMT - EMPLOYEE INSURANCE
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Last modified
8/11/2016 4:35:22 PM
Creation date
8/11/2016 3:56:12 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Personnel Services
Item #
25D
Date
8/16/2016
Destruction Year
2021
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Ulan nuinber 803237 <br />income, gain, or loss credited, and amounts disbursed as benefits; <br />(c) provision of periodic reports to the Employer and participants of the status of Plan <br />investments and individual accounts; <br />(d) communication to participants of information regarding their rights acrd elections <br />under the Plan; <br />(e) disbursement of benefits as agent for the Employer in accordance with terns of <br />the Plan; and <br />(f) performance of tax withholding and reporting in conjunction with the Employer <br />for each RI-IS account. <br />2. Employer Duty o Furnish Information <br />Employer agrees to furnish to ICMA -RC on a timely basis such information as is <br />necessary for ICMA -RC to carry out its responsibilities with respect to the Plan, <br />including information needed to allocate individual participant accounts to Funds, and <br />information as to the benefit eligibility and employment status of participants, and <br />participant ages, addresses, beneficiaries and other identifying information (including tax <br />identification numbers). ICMA -RC shall be entitled to rely upon the accuracy of any <br />information that is furnished to it by a responsible official of the Employer or any <br />information relating to an individual participant, dependent, or beneficiary that is <br />furnished by such participant, dependent, or beneficiary, and ICMA -RC shall not be <br />responsible for any error arising from its reliance on such information. ICMA -RC will <br />provide account information in reports, statements or accountings. <br />3. Certain Representations and Warranties <br />ICMA -RC represents and warrants to Employer that: <br />(a) ICMA -RC is a non - profit corporation with frill power and authority to enter into <br />this Agreement and to perform its obligations tinder this Agreement. <br />(b) ICMA -RC is in investment adviser registered as such with the Securities and <br />Exchange Commission under the Investment Advisees Act of 1940, as amended. <br />ICMA -RC Services, LLC (a wholly owned subsidiary of ICMA -RC) is registered <br />as a broker - dealer with the Securities and Exchange Commission (SEC) and is a <br />member in good standing of the National Association of Securities Dealers, Inc. <br />Employer represents and warrants to ICMA -RC that: <br />(c) Employer is organized in the form and manner recited in the opening paragraph of <br />this Agreement with full power and authority to enter into and perform its <br />obligations under this Agreement and to act for the Plan and participants in the <br />25D -31 <br />
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