HomeMy WebLinkAboutRES CC 2009 2835 2009 0701RESOLUTION NO. 2009 -2835
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MOORPARK, CALIFORNIA, AMENDING RESOLUTION NO.
2004 -2249 SUSPENDING THE VANTAGECARE
RETIREMENT HEALTH SAVINGS (RHS) PROGRAM WITH
THE ICMA RETIREMENT CORPORATION
WHEREAS, the Internal Revenue Service (IRS) Publication 969 grants authority for
employers to establish Health Reimbursement Arrangements (HRA); and
WHEREAS, the RHS is a HRA developed for public agencies; and
WHEREAS, Resolution No. 2004 -2249 adopted on October 6, 2004, previously
established a RHS; and
WHEREAS, since the adoption of Resolution No. 2004 -2249, the IRS has placed
new requirements on HRAs; and
WHEREAS, City employees consider the new HRA requirements to be restrictive to
such an extent that City employees requested the RHS plan be suspended and removed
from any future Memorandum of Understanding between the City and employees and any
Management Benefit Resolution; and
WHEREAS, the City no longer offers the RHS plan to any City employees; and
WHEREAS, the City is required to return all monies to participants, should the City
rescind the RHS plan; and
WHEREAS, City employees who participated in the RHS plan are desirous of
maintaining their benefits, or keeping the monies already in the account, even though no
additional funds are deposited to the account to allow the funds to be distributed to them in
their retirement, as intended.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK DOES
HEREBY RESOLVE AS FOLLOWS:
SECTION 1. Resolution 2004 -2249 is hereby amended to suspend the RHS
Program to prohibit new enrollments and all new deposits; however, those City employees
who have already deposited funds into the Vantagecare RHS Plan may retain their funds
already on deposit with ICMA Retirement Corporation.
Resolution No. 2009 -2835
Page 2
SECTION 2. The City Clerk shall certify to the adoption of this resolution and shall
cause a certified resolution to be filed in the book of original resolutions.
PASSED AND ADOPTED this 1stday of July, 2009.
ATTEST:
Maureen Benson, Assistant City Clerk
(Ja)ce�
S. Parvin, Mayor
Resolution No. 2009 -2835
Page 3
STATE OF CALIFORNIA )
COUNTY OF VENTURA ) ss.
CITY OF MOORPARK )
I, Maureen Benson, Assistant City Clerk of the City of Moorpark, California, do
hereby certify under penalty of perjury that the foregoing Resolution No. 2009 -2835 was
adopted by the City Council of the City of Moorpark at a regular meeting held on the 1 st
day of July, 2009, and that the same was adopted by the following vote:
AYES: Councilmembers Mikos, Millhouse, Pollock, Van Dam, and
Mayor Parvin
NOES: None
ABSENT: None
ABSTAIN: None
WITNESS my hand and the official seal of said City this 8th day of July, 2009.
Maureen Benson, Assistant City Clerk
(seal)