2324_00001RESOLUTION NO.2324
A RESOLUTION ADOPTINGTHEVANTAGECARE RETIREE HEALTH SAVINGSPLAN
RECITALS:
1.The Cityof Moses Lake has employees rendering valuable services.
2.The establishment of a retiree health savings plan for such employees serves theinterests ofthe CityOofMosesLakebyenablingittoprovidereasonablesecurityregardingsuchemployees'health needs
during retirement,by providing increased flexibility in its personnel management system,and byassistingintheattractionandretentionofcompetentpersonnel.
3.The City of Moses Lake has determined thatthe establishment ofa retiree health savings plan to beadministeredbytheICMARetirementCorporationand/or its affiliates serves the above objectives.
4.The City of Moses Lake desires thatits retiree health savings plan (the"Plan")be administeredby theICMARetirementCorporationand/or its affiliates.
RESOLVED:
1.The City of Moses Lake adopts the Plan in theform of theICMA Retirement Corporation's Vantage-
Care Retiree Health Savings Plan.
2.The assets ofthePlan shall be held in trust,with the City of Moses Lake serving as trustee,for theexclusivebenefitofPlanparticipantsandtheirbeneficiaries,and theassets ofthe Plan shall not bedivertedtoanyotherpurpose.
3.The Human Resources Director shall be the coordinatorand contact for the Plan and shall receive
necessary reports,notices,etc.
Adopted by the City Council on March 27,2001.
ATTE Mayor
FIfÏanceDirector
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