HomeMy WebLinkAbout2858 Resolution RESOLUTION NO. 285 b
A RESOLUTION AUTHORIZING THE APPROVAL OF A MEDICAL
SAVINGS ACCOUNTNOLUNTARY EMPLOYEES' BENEFICIARY
ASSOCIATION ("MSA VEBA") PLAN FOR DIVISION MANAGERS
WHEREAS, the Internal Revenue Code, Section 501(c)(9) allows for the creation of a
voluntary employee beneficiary association which is an employee sponsored, tax-exempt health
and welfare trust; and
WHEREAS, the Council approved Resolution 2847 establishing a Medical Savings
Account/Voluntary Employees' Beneficiation Association ("MSA VEBA"); and
WHEREAS, Resolution 2847 requires each group of eligible employees be defined and
approved by the Council or bargaining contract; NOW,THEREFORE,
THE CITY COUNCIL OF THE CITY OF PASCO,WASHINGTON HEREBY
RESOLVES AS FOLLOWS:
Section 1. The City recognizes and approves the Division Managers, including the
Assistant Fire Chief, Police Captains, and Assistant Field Manager, as a VEBA eligible group
known collectively as the Division Managers group.
Section 2. Effective January 1, 2005, the Council approves the participation of the
Division Managers group in the City of Pasco VEBA benefit.
Section 3. The Plan will be funded by employer contributions in exchange for
compensation, as follows:
• Sick leave cash-out upon termination of service with the City of
Pasco
• A 1% salary deferral
PASSED by the City Council of the City of Pasco this 61h day of December, 2004
L"Michael L. barrison
Mayor
ATTEST: APPROVED AS TO FORM:
it
Sandy L. K nworthy Le and B. Kerr
Deputy City Clerk City Attorney