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HomeMy WebLinkAbout04-83 - Adopting an Amendment to Vantagecare Retirement Health Savings Program AgreementRESOLUTION NO. 04-83 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COSTA MESA, CALIFORNIA, ADOPTING AN AMENDMENT TO THE VANTAGECARE RETIREMENT HEALTH SAVINGS PROGRAM ADOPTION AGREEMENT AND AUTHORIZING THE CITY'S FINANCE DIRECTOR TO SERVE AS PLAN ADMINISTRATOR AND TO IMPLEMENT THE AMENDED PLAN. THE CITY COUNCIL OF THE CITY OF COSTA MESA DOES HEREBY RESOLVE AS FOLLOWS: WHEREAS, on January 5, 2004, the City Council Adopted Resolution No. 04-2 adopting the Vantagecare Retirement Health Savings Program ("the Plan") to implement its prior approval of certain enhancements to the City's retiree medical program; and WHEREAS, it was subsequently determined that certain clerical errors were made in the Vantagecare Adoption Agreement which have or potentially have the effect of causing the Plan not to conform to the City Council's intent and to City employees' understanding as to the benefits and options to be provided by the Vantagecare Retirement Health Savings Program; and WHEREAS, the Plan may be amended by action of the City Council retroactively to its effective date of January 1, 2004 in order to ensure that all employees participating in the Plan have the same options and benefits; NOW, THEREFORE, BE IT RESOLVED that the City hereby adopts the Amended Employer Vantagecare Retirement Health Savings (RHS) Plan Adoption Agreement, retroactive to January 1, 2004 to conform to the original intent of the Council in approving the Plan; and BE IT FURTHER RESOLVED that the City's Finance Director shall be the Administrator of the Plan. The Plan Administrator shall have the power and authority to implement the terms of the Plan for the benefit of the Plan beneficiaries and is hereby authorized to take such steps and to do such things as may be reasonably necessary to implement the Plan, as amended, without further authorization from the City Council; and BE IT FURTHER RESOLVED that except as provided for in this Resolution and the Amended Employer Vantagecare Retirement Health Savings (RHS) Plan Adoption Agreement, all other provisions of the Plan documents shall continue in full force and effect. PASSED AND ADOPTED this 6"' day of December, 2004. ATTEST: Ii Deputy C' Clerk of the City of Costa Mesa Mayor oft a City of Costa Mesa APPROVED AS TO FORM J��j -4v &4�) City Atto ey STATE OF CALIFORNIA) COUNTY OF ORANGE ) ss CITY OF COSTA MESA ) I, JULIE FOLCIK, Deputy City Clerk and ex -officio Clerk of the City Council of the City of Costa Mesa, hereby certify that the above and foregoing Resolution No. ne_az was duly and regularly passed and adopted by the said City Council at a regular meeting thereof held on the 6" day of December, 2004, by the following roll call vote: AYES: Monahan, Mansoor, Bever, Dixon, Foley NOES: None ABSENT: None IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the City of Costa Mesa this 7h day of December, 2004. Dep City Clerk and ex -officio Clerk of the City Council of the City of Costa Mesa