Resolution Number 08-06-17-01I
RESOLUTION NO. 08-06-17-0 1
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JUAN
CAPISTRANO, CALIFORNIA, ADOPTION OF THE VANTAGECARE
RETIREMENT HEALTH SAVINGS (RHS) PLAN, PLAN NUMBER: 801932
WHEREAS, THE CITY OF SAN JUAN CAPISTRANO has employees rendering
valuable services; and,
WHEREAS, the establishment of a retiree health savings plan for such employees
serves the interests of the Employer by enabling it to provide reasonable security regarding
such employees' health needs during retirement, by providing increased flexibility in its
personnel management system, and by assisting in the attraction and retention of
competent personnel; and flexibility in its personnel management system, and by assisting
in the attraction and retention of competent personnel; and
WHEREAS, the City of San Juan Capistrano has determined that the establishment
of the retiree health savings plan (the "Plan") serves the above objectives;
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of San
' Juan Capistrano does hereby adopt the Plan in the form of the ICMA Retirement
Corporation's VantageCare Retirement Health Savings program.
BE IT FURTHER RESOLVED that the assets of the Plan shall be held in trust, with
the following entity or individual serving as trustee:
® the City of San Juan Capistrano
❑ the following position with the Employer:
❑ the following group or committee with the Employer
❑ the following third -party trustee:
For the exclusive benefit of Plan participants and their survivors, and the assets of
the Plan shall not be diverted to any other purpose prior to the satisfaction of all liabilities of
the Plan. The City of San Juan Capistrano has executed the Declaration of Trust of the
City of San Juan Capistrano Integral Part Trust in the form of:
® The model trust made available by the ICMA Retirement Corporation
❑ The trust provided by the Employer (executed copy attached hereto).
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BE IT FURTHER RESOLVED, that Human Resources Manager shall be the
coordinator and contact for the Plan and shall receive necessary reports, notices, etc.
PASSED, APPROVED, AND ADQ*PTED tWi
STATE OF CALIFORNIA )
COUNTY OF ORANGE )SS.
CITY OF SAN JUAN CAPISTRANO )
17" 9dev of June 2008.
I, MARGARET R. MONAHAN, appointed City Clerk of the City of San Juan Capistrano, do hereby certify
that the fore ping Resolution No. 08-06-17-01 was duly adopted by the City Council of the City of San Juan
Capistrano a Regular meeting thereof, held the 3rtl day of June 2008, by the following vote:
AYE /CIL MEMBERS: Allevato, Nielsen, Hribar, Uso and Mayor Soto
NOES NCIL MEMBER: None
ABS T: NCIL MEMBER: None
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