HomeMy WebLinkAboutCouncil Resolution 1148
RESOLUTION NO. / I ~ ~
A RESOLUTION AUTHORIZING THE ESTABLISHMENT OF A HEALTH
REIMBURSEMENT ARRANGEMENT/VOLUNTARY EMPLOYEES'
BENEFICIARY ASSOCIATION ("HRA VEBA") PLAN
WHEREAS, the Internal Revenue Code Section 501(c)(9) allows for the creation of a
voluntary employees' beneficiary association which is atax-exempt health and welfare
trust; and
WHEREAS, IRS regulations and guidelines allow an employer to offer health
reimbursement arrangement (HRA) plans; and
WHEREAS, the Voluntary Employees' Beneficiary Association for Public Employees in
the Northwest Trust ("Trust") offers and will administer an HRA entitled "Voluntary
Employees' Beneficiary Association Medical Expense Plan for Public Employees in the
Northwest as Amended and Restated January 1, 2007" ("Plan"); and
WHEREAS, the City of Central Point ("City") has determined that establishing an HRA
plan which provides atax-free defined contribution account for employees to pay for
medical, dental, vision, and tax qualified long-term care premiums and non-covered
healthcare expenses is in the best interest of the City and its employees; and
WHEREAS, the City desires to establish an HRA plan for its employees; and
WHEREAS, the City desires to use the services of the Trust to administer such Plan; and
WHEREAS, such HRA established by the City will be administered in accordance with
the Plan documents provided by the Trust on file in the City's Human Resources office.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF CENTRAL POINT, OREGON that:
Effective July 1, 2007, the City hereby elects to participate in the Plan and Trust as
presently constituted or hereafter amended using the Trust as its plan administrator for
the benefit of eligible employees as defined by City policies or collective bargaining
agreements.
The Plan will be funded with Employer contributions in amounts determined from time
to time pursuant to City policies and collective bargaining agreements.
The City Administrator or Human Resources Manager is authorized to execute
documents and establish procedures consistent with the Plan and Trust provisions and
applicable City policies and collective bargaining agreements necessary to effect the
adoption and administration of the Plan.
~J
Passed by the City Council and signed by me in authentication of its passage this
J y~ day of June, 2007.
Mayor Hank Williams
A'
City Representative
APPROVED by me this ~-~ day of June, 2007.
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Mayor Hank Williams