Resolution 2921-13 � RESOLUTION NO. 2921-13
� 2 A RESOLUTION BY THE BOARD OF DIRECTORS
OF THE SOUTH TAHOE PUBLIC UTILITY DISTRICT FOR
3 ADOPTION OF THE VANTAGECARE RETIREMENT
4 HEALTH SAVINGS (RHS) PLAN
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Name of Employer: South Tahoe Pubiic Utility District State: California
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� Resolution of the above-named Employer (the "Employer"):
8 WHEREAS, the Employer has employees rendering valuable services; and
9 WHEREAS, the establishment of a retiree health savings plan for such employees serves
10 the interests of the Employer by enabling it to provide reasonabie security regarding
such employees' health needs during retirement, by providing increased flexibility in its
11 personnel management system, and by assisting in the attraction and retention of
12 competent personnel; and
13 WHEREAS, the Employer has determined that the establishment of the retiree health
savings plan (the "Plan") serves the above objectives;
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15 NOW THEREFORE BE IT RESOLVED, that this Employer hereby adopts the Plan in the
� form of the ICMA Retirement Corporation's VantageCare Retirement Health Savings
16 Program.
17 BE IT FURTHER RESOLVED that the assets of the Plan shall be held in trust, with the
�$ following entity or individual service as trustee (Select one):
�g ❑ The Employer
X The following position within the Employer: Human Resources Director
20 ❑ The following group or committee within the Empioyer:
2� ❑ The following third-party trustee:
for the exclusive benefit of Plan participants and their survivors, and the assets of the
22 Plan shall not be diverted to any other purpose prior to the satisfaction of ali liabilities of
the Plan. The Employer has executed the Declaration of Trust of the Integrai Part Trust in
23 the form of: (Select One):
24 X 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 the Human Resources Director shall be the coordinator
26 and contact for the Plan and shall receive necessary reports, notices, etc.
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� WE, THE UNDERSIGNED, do hereby certify that the above and foregoing resolution
� was duly and regularly adopted and passed by the Board of Directors of the South
2 Tahoe Public Utility District at a regular meeting duly held on the 7th day of March, 2013,
by the following vote:
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4 AYES: Cefalu, Jones, Vogelgesang, Schafer
NOES: None
5 ABSENT: Sheehan
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Eric Schafer, B ard resident
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ATTEST:
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Kathy Sh , Clerk of th oard
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