HomeMy WebLinkAboutReso - CC - 094-2008RESOLUTION NO. 94-2008
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BURLINGAME,
ADOPTING A RETIREE HEALTH CARE TRUST KNOWN AS THE
CITY OF BURLINGAME RETIREE HEALTH CARE TRUST
THE CITY COUNCIL OF THE CITY OF BURLINGAME HEREBY FINDS
RESOLVES AND ORDERS AS FOLLOWS:
SECTION 1. The establishment of a retiree health care trust enables the City and
employees to offset employees' health needs during retirement.
SECTION 2. The assets of the Plan shall be held in trust, with the City, or whom
the City appoints to serve as Trustee.
SECTION 3. The City shall appoint the Finance Director to oversee the
administration of the trust and/or to delegate the administration of the retiree health care
trust to a third party. The Finance Director shall act as the coordinator and contact for the
Plan and shall receive necessary reports, notices, etc.
SECTION 4. The trust shall be for the exclusive benefit of City employees and
its retirees (Participants) and their qualified survivors. The assets of the Plan shall not be
diverted to any other purpose prior to the satisfaction of all liabilities of the Plan.
AhD'
MAYOR
I, DORIS MORTENSEN, City Clerk of the City of Burlingame, do hereby certify
that the foregoing resolution was introduced at a regular meeting of the City Council held
on the 20s' day of October, 2008, and was adopted thereafter by the following vote:
AYES: COUNCIL MEMBERS: BAY.Ocx, DEAL, HEIGNRAN, NAGEL, o'MAHONY
NOES: COUNCIL MEMBERS: NONE
ABSENT: COUNCIL MEMBERS: NONE
CLERK