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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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Plan number 803237 <br />mariner contemplated in this Agreement. Execution, delivery, and performance of <br />this Agreement will not conflict with any law, rule, regulation or contract by <br />which the Employer is bound or to which it is a party. <br />(d) Information required to be retained by the Employer shall be set forth in the RHS <br />plan materials developed by ICMA -RC and provided to the Employer. <br />(e) Employer is responsible for determining that there are no state or local laws that <br />would prohibit it from establishing ICMA -RC's VantageCare RHS program. <br />Employer is also responsible for determining that the investments selected for the <br />RIIS plan fall within state /local requirements. <br />(f) Employer acknowledges that the RHS plan may be treated as a "health plan" for <br />Health Insurance Portability and Accountability Act ( "HIPAA ") purposes and <br />therefore may be subject to HIPAA privacy rules. If it is detemnined that the RIIS <br />plan is considered a `health plan ", an employer sponsoring RHS would be <br />responsible for complying with the HIPAA privacy and security rules regarding <br />protected health information of RHS plan participants. <br />ICMA -RC has procedures in place to safeguard the protected health information <br />of RIIS plan participants. <br />4. Participation in Certain Proceedings <br />The Employer hereby authorizes ICMA -RC to act as agent, to appear on its behalf, and to <br />join the Employer as a necessary party in all legal proceedings involving the garnishment <br />of benefits or the transfer of benefits pursuant to a medical child support order. Unless <br />Employer notifies ICMA -RC otherwise, Employer authorizes ICMA -RC to determine <br />whether disbursement of benefits to a spouse or child pursuant to a medical child support <br />order is appropriate. <br />5. Compensation and Paviliont <br />(a) Absent an explicit agreement to the contrary between ICMA -RC and Employer, <br />participant fees and expenses shall be payable from RHS assets, in accordance <br />with the requirements of the RIIS Plan as set forth below. <br />An annual asset fee of 0.40% (40 basis points) will be charged on a <br />quarterly basis, based on the balance in the account on the last clay of the <br />previous quarter. <br />In addition to the annual asset fee, a $25 annual account fee will be <br />charged quarterly to each Accountholder's account. <br />Account administration fees are subject to change with appropriate prior <br />notification. <br />25D -43 <br />
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