HomeMy WebLinkAboutResolutions - No. 2015-212RESOLUTION NO. 2015-212
A RESOLUTION OF THE LODI CITY COUNCIL
APPROVING THE ESTABLISHMENT OF A RETIREE
HEALTH SAVINGS ACCOUNT FOR SIX LODI POLICE
DISPATCHERS ASSOCIATION EMPLOYEES HIRED
BETWEEN JULY 9, 1994 AND NOVEMBER 8, 2004
AND FURTHER APPROPRIATING FUNDS
WHEREAS, the City Council approved revisions to the Memorandum of
Understanding (MOU) with the Lodi Police Dispatchers Association (LPDA),
January 1, 2015 through December 31, 2017, which included a resolution to a dispute
regarding the eligibility date for the sick leave conversion benefit program referenced in
the 2007-2011 MOU; and
WHEREAS, as a resolution, City agreed to establish a Retiree Health Savings
Account and allocate $75,000 to be distributed on a pro -rated basis among six LPDA
members hired into the LPDA unit between July 9, 1994 and November 8, 2004
(Maria Butterfield, Jeff Humphrey, Andrea Patterson, Tenneill Ramirez, Jennifer Root,
and Kimberly Van Tassell), as soon as administratively possible; and
WHEREAS, City further agreed to contribute one percent (1 %) of the employees'
bi-weekly base salary each pay period, effective with the first full pay period in
January 2016; and
WHEREAS, City has determined that the establishment of the Retiree Health
Savings Account (the "Program") serves the above objectives; and
WHEREAS, staff reviewed Retiree Health Savings Accounts offered from each
of the three providers under contract with the City for 457 Deferred Compensation
Plans; and
WHEREAS, staff recommends ICMA's VantageCare Retirement Health Savings
Program as the best option.
NOW, THEREFORE, BE IT RESOLVED that the Lodi City Council does hereby
adopt the ICMA Retirement Corporation's VantageCare Retirement Health Savings
Program ("Program") through the Employer's Integral Part Trust ("Trust") and the
Employer's Welfare Benefits Plan ("Plan") for the establishment of a Retiree Health
Savings Account for the benefit of the above-named Dispatchers; and
BE IT FURTHER RESOLVED that the assets of the Plan shall be held in trust,
with the City of Lodi serving as 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 Employer has executed the
Declaration of Trust of the City of Lodi Integral Part Trust in the form of the sample trust
made available by the ICMA Retirement Corporation; and
BE IT FURTHER RESOLVED that the Deputy City Manager/Internal Services
Director shall be the coordinator and contact for the Program and shall receive
necessary reports and notices; and
BE IT FURTHER RESOLVED that the City Manager and Deputy City
Manager/Internal Services Director are hereby authorized to execute all necessary
forms and agreements to establish the Program through the Trust and the Plan; and
BE IT FURTHER RESOLVED that funds be appropriated as shown on the
attached Appropriation Adjustment Request Form.
Date: November 18, 2015
I hereby certify that Resolution No. 2015-212 was passed and adopted by the
Lodi City Council in a regular meeting held November 18, 2015, by the following vote:
AYES: COUNCIL MEMBERS — Chandler, Kuehne, Mounce, Nakanishi,
and Mayor Johnson
NOES: COUNCIL MEMBERS — None
ABSENT: COUNCIL MEMBERS — None
ABSTAIN: COUNCIL MEMBERS — None
NNIFE . FERRA-41-44iOLO
ity Clerk
2015-212
TO: internal Services Dept. - 8udaet Division
3, FROM: Jordan Ayers, Deputy City Manager
4. DEPARTMENT/DIVISION:
A.
SOURCE OF
FINANCING
FUND #
100
ORG #
OBJ #
15. DATE:
ACCOUNT TITLE
32205 (Fund Balance
1. AA#
2. JV#
11/16/15
AMOUNT
$ 76,900.00
B. 100 10031004 71031 Other Benefits $ 76,800.00
USE OF
FINANCING
Please provide a description of the project, the total cost of the project, as well as justification for the
requested adjustment. If you need more space, use an additional sheet and attach to this form.
Increasing appropriations in Police Department to fnd one-time Retiree Health Savings Account deposit ($75,000) and one
percent on-going contribution to account ($1,900)
If Council has authorized the appropriation adjustment, complete the following:
(Meeting Date: 11/18/15
Department Head Signature:
Res No: Attach copy of resolution to this form.
fid_ c1�.��-
Deputy City Manager/internal Services Manager
Date
Submit completed form to the Budget Division with any required documentation.
Final approval will be provided in electronic copy format.