CC Resolution No. 10-031 PARS Health CareRESOLUTION NO. 10-031
A RESOLUTION OF THE CITY COUN(~IL OF THE CITY OF CUPERTINO
ADOPTING THE PARS PUBLIC AGENCY POST-RETIREMENT HEALTH CARE
PLAN TRUST, APPOINTING THE CITY TRIEASURER AS PLAN ADMINISTRATOR,
AND AUTHORIZING THE PLAN ADMINISTRATOR TO EXECUTE THE PARS
LEGAL DOCUMENTS AND TO MAINTAIN THE CITY'S PARTICIPATION IN THE
PROGRAM
WHEREAS, the City of Cupertino has an administrative policy and procedure for
medical insurance benefits provided to its retired employees; and
WHEREAS, it is determined that it is in th.e best interest of the City to participate in the
PARS Public Agencies Post-Retirement Health Care Plan Trust (the "Program") to fund these
insurance benefits; and
WHEREAS, the City is eligible to particip~ite in the Program, atax-exempt trust and plan
performing an essential governmental function within the meaning of Section 115 of the Internal
Revenue Code, as amended, and the Regulations issued thereunder, and is atax-exempt trust
under the provisions of the relevant statutory provi~~ions of the State of California.
NOW THEREFORE, BE IT RESOLVED ~^HAT:
1. The City Council hereby adopts the PARS Public Agencies Post-Retirement Health Care
Plan Trust, including the PARS Public Agencies Post-Retirement Health Care Plan, to
fund medical insurance costs for its retired employees, effective February 17, 2010; and
2. The City Council hereby appoints the City Treasurer, or his/her successor or his/her
designee as the City's Plan Administrator for the Program; and
3. The City's Plan Administrator is hereby au~:horized to execute the PARS legal documents
on behalf of the City and to take whatever additional actions are necessary to maintain
the City's participation in the Program <<nd to maintain compliance of any relevant
regulation issued or as may be issued; thf;refore, authorizing him/her to take whatever
additional actions are required to administe,° the City's PARS plan(s).
PASSED AND ADOPTED at a regular meeting of the City Council of the City of
Cupertino this 16c" day of February 2010, by the following vote:
Vote
AYES:
NOES:
ABSENT:
ABSTAIN:
ATTEST:
Council Members
Wang, Wong, Chang, Mahoney, Santoro
None
None
None
_ ,~~
City Clerk
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