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HomeMy WebLinkAbout2001-07-09 01-270 RESOLVEItem No, BI-vn Date: July 9, 2001 Item/Subject: Resolve, Adopting and Establishing the Vantagecare Retiree Health Savings Plan for certain employees at Bangor Fire Department Responsible Department: Executive The attached Resolve will formally establish the Vi ntapeoare Retiree Health Savings (RMS) Plan for unionized employees at Bangor Fire Department. The RMS plan Is administered by the International City Management Association - Retirement Corporation (ICMA-RC), Me same organization administering Me City's 401(a) retirement plan and 957 deferred compensation plan. The City's adoption of this plan sables and concludes grievances that were gentling at the Fire Department relating M the transfer of Dispalch duties M Me Police Department ICMA-RC recommends use of Me attached! Resolve which outlines the relationship between Me City and ICM -RC and designates the City's Human Resource Director as the Plan Coordinator. We would note that additional RHS plans will be forthcoming for other employee groups as well over Me next several months as Me opportunity M partid"te is extended! M various sections of our employee workforce. The establishment of this Plan was previously discussed with Me City Council in Evacuative Session and your approval is recommended. Department Mead Manager's Comments:LL ""�"�•� City Manager Associated Intonation: Resolve, Draft Adoption Agreement Budget Approval: CaO Finance Director _X Passage Consent _ First Reading Page _of_ Referral Aeeigmd m cmmcuor B hette July 9. zaal CITY OF BANGOR (TITLE.) Resolve, Adopting and Establishing the Vantagecare Retiree Health Savings Plan for certain employees at Bangor Fire Department WHEREAS, the City of Bangor, Maine (employer) has employees rendering valuable services; and WHEREAS, the establishment of a retiree heath savings plan for such employees serves the Interests of the Employer by enabling it to provide reasonable security regarding such employees' heath needs during retirement, by providing Increased flexibility in is personnel management system, and by assisting in the attraction and retention of competent personnel; and WHEREAS, the Employer has determined that the establishment of a rebree heath savings plan to be administered by the ICMA Retirement Corporation and/or its affiliates serves the above objectives; and WHEREAS, the Employer desires that Its retiree health savings plan (the "Plan") be administered by the ICMA Retiremelit Corporation and/or Its afflllates; NOW, THEREFORE BE IT RESOLVED, that the Employer hereby adopts the Plan in the form of the ICMA Retirement Corporation's VantageCare Retiree Health Savings Plan. BE IT FURTHER RESOLVED that the assets of the Man shall be held in bust, with the Employer serving as trustee, for the exclusive benefit of Man participants and their beneficla les, and the assets of the Man shall not be diverted to any other purpose. BE IT FURTHER RESOLVED, that the City of Bangor Human Resources Director shall be the coordinator and contact for the Plan and shall receive necessary reports, notices, etc IN CITY COUNCIL July 9. 2011 Passed Q,7 Ol—n0 ODDER Tltle,eaapHa¢ aad asrablIshing ina vmeageeare Retire Health savings Pine far Certain saplayees at gauger Fire Department Assigned to ah—z; ®n •�.� P! VANTAGECARE RETI P EE HEALTH SAVINGS PLAN EMPLOYER VANTAGECARE RETIREE HEALTH SAVINGS PLAN ADOPTION AGREEMENT plan Number 8 ^ / / �V & Emplam Murce Haiti, Suing Name: /` 1. Employer Namc n. TM1e Eanploym shaem, amus oft sdd cebd ganomme cr an agnuy n. ivuwnmNiry orcin ormur m loco Goes units cL aua o.led e. III The EB 'w Bart ach,Put : �g _ N The Emphyyerimeod eo sm huse shc7me w fudd only wWmbene6¢Pu me m the fishmong wlf"Insne6c ALAN amblishvd by dle Emp V. E4g;ble Gnomic and Rental am EEg;bloy Requimnms A. The fdlaw;, getup 0 roup m Emploreu m III to parvripee In GavSASSIS n blame HnAth Sialp7 _ M Em layout All II Time Employee Nm oo Emphned Public a&ry 6mPloYed—Pollee I afery, Employees —Pailghms Gmer. I Employees Colla: ly-Bugamd Employees (Specify im Other Spe ifybdo•) The group specifiedSo oempand oo a group of the amc dmpunon Sit is damni;e nye �mmm, whromd.n agnessins, pvomed ath or o0d nudeid in effect in She lace m Immily of me Employer. Ifchc femployers onto lying welfarebeoeEc plan or fimdioB under thin Mumuli Cart Rtice HnM. Saw.g pass b whole or perp a rI (adMy, ourp da if-iuumd PIw tae nondiaricmvden mquuemt UNrcmd Rouen Code (IRC) Scuon I I will Is" Tide milm my, impure umdon on Ae ben6u rceriuvd by highly comport employed iftld Plw 'e mfiwrcfbighly ecmpmused employed'm svue ofeligahAry mbme6a Tu Employer should Sam dine WdsWch aPpmPeime wain. D. Pddcipmc Eliglbilip 1. Minimum PIa ���p( pan is Nld (Sots N/A Pm employs u aspyeu mquuad 6rpedtlda pormcque, upone ploymmp. nvzaao tied 07/03/01 09:32 FAI 120 284112S BOURGAULT 203 01-270 ®�[4t VANTAGECARE RETIREE HEALTH SAVINGS PUN M 2. MiNmum age mquua 6,,hsi liN mgrdtlparea N/A' (vnice N/A ileo mi.umum ap is aqumedl. VI. C,P,b,uoa Sae[m and Amon A, Too, are oo tool, mV, geGa Retlaee NeilrhSavmp Me conmbunOm and eon¢iFuvev do p_ mum mwarN IAC Seuon 415 tire. B. Employe Conmblmmu 1. ]5e mtployecshille �( ¢ibua onbeBaV,[aeh Puddpmn �,fe.ninp neS�6u VtePW yeae�111j '�✓I I Oefirddon o(aminp 2. The employnwill nundvory eon¢3,dem elmnual 1,,mm fellmn: Mmed5ickLome` ❑ is O N, MwMVwdun` ❑{.'ea ❑ No *Plea, pnride rhe Grmu forhrceminmg Ji,A ed Sick lea,e muVorArcruedNndon eanaibudo¢ V11, VowgSchedule A. The account a IMM mov or all ume, unlm ryerified wlhe in B.6elow. B. The Stirring woung Acha leaIoplio. Y 5 I,of cA14 fiel SemForcom I king 1115117 % mom1 9 07/03/e1 09:32 PAS 120 2841123 B011R5AULT ®0,1__ A 01-270 vANTAGECARE RETIREE IMM SAWNGS PI.AN C The.aowe vJl baro 100%vnted upon Ae deW,diubiliry.rturement eeavuomen+ofbenefit elig�EJiry yya Pa+ti<ipant. R Any penad ofaeroic� aPud<ibanc paiwmareNrenfcAe Paawtipanc by �e Emplvyre shill ma<outu texvtd nc� vemttg srhedWe owlinn I in B. aboTe. vlll foRdmrc Pmvieev N/A Pleve complete tlti+3ectiov ifs vutln4+chetlWcu in&cueda5eedoeVlCB Upon separation fivm ebe+ ee(dc Emplyee,a Pacuiponcls nowwtud Kind, 9N' ❑ 0.emainin theTwtto erta00eatetl mmgaOMw Pamtlpanu a+Employ>=GonnihuuomGr+hcncuandavcaed- 0 Rmvin Nahe'I vto emaBanaedpm nu(anmegoil deBubaoQ among illYW Paaurignrs. ❑ 0.emanMehe True to adlomrcdwengill Plm Pomeipam lived open Pud<rymt anvune balvuct. 0 0.evertto tM Employe IX. £IigbJiry 0.cquitemmb to ecerve Me&ail Bvu4t Paymma 6vm chet5vvapeCvrt 0.mucHdtfi 3mnp Plm A APatd<ipmtu Gigdc rtairvc bmcfiv: B. APaadcipantvLadiu a become aondy and peamanm0yditabled(a defined by the Social Sue gMminumcno) nibiome immedut e4giblemrcceice mediol6mMapaymmv fiam his/hnVanugeCaae 0.e6taa Hdrh3rvin® Pim accowu. X. PeemiteWe MMicil Bandit Winona Emilie cWUc for paymm ormucaL A. ABM* 1nl Eapemv eligible under MC Section 213' OR 7/00/01 09:32 FAX 12072841123 BOIIRGANT Ros O1-270 '.DRAFT VANTAGECARE RETIREE HEALTH SAVINGS PLAN "B. The 6BwNnBMedicil emn(more only Ae egearm"U wNh An Cmar under dm%nmgmG FLmleee Health ' :v. i Mediart mueePremiums MCNnrt upplpPlemeneImveaneePmrvums coum Door,] Its once Premiuw DMA Ou o PocicmExpemo- T Cve lantana Pmvvmt ____[enTevrr Care Better' Orhor 'fl, I", e4gibic IM" IRC Senior, 213) 'mmeN 'nd PluonV.A.6re wo efoand'eavoioadnn..,ks whiN v¢y yPlYmnen<oYccuwlYbaaTineCseY- ' am. I XI. Drub Benefit ! A In th=nenC o(a Pvdnoanbdeh, Jle (ollo«usshall melt: ncipM Am in Aimom Solele s:wuwMrege weawnt'ad a (ss defined is 5ecuon MuMoV ofehc droned Paadnpme asci wcly cVgbkmmLn¢ua ae xcem¢and udissuw lwd e4gibl<mediN hmeLu mttiBMuge[don XMCC . Upon Megaton aft Pan cipsn6 dome. be Psstldpmh xmwe beWn Mill be mednred num theyuumpaim Monry Mss4m Fund. no seem= bilvue very be rtapaeared "e Curumng spouse m depmdm¢. In dls erme afm Anorm Gansfirr,if, PeMclpamtt occas,bilona has mor been Sally vNitcd upon Me denh ague eEplle ryautt. the mcomm About buy Mari me to be udtized to pay bme6¢ ofetlgible depmdem¢ Mo bane me waved the age of 19(m2 far fill-wne smdena),If no ebgiblt dependetm COCA" the tpwce. Cllr mmaltung mccune balance MU be pad as we Egible Veneer mans ss won as precdeal. Mc rhe daub dwe spouee..pert Co. aminmm ofasA 19 me N fm foll-ti cmdmnl by all dY®Tle depemdmu. sry mnawn& meows 61=M mll be pui w mtk rvoapme[ dntla The a r,, biloma mry roMmc As be udlized no pay bene6¢ of[heiuLmduil Jho m,m gwWGM as a depmdma of he Pudtlpam during tls Vwrnpmwt llfpand Ae t'Immaw mewed due pmofofurapniry [nthln 31 days mfwhen 64 int iwduaGs cwmge under the Phan would Commune mznunas. TM m iwduilt eweng, mrytr mcdnuedvlon [he iruil amlaim inopannmd The Plan mayrequnepme(o(du mndwed c[ho o MCC of "ch inmpaeiry Go Onesome. There wig be no elecd.< Ilohoiding ofRdmal.sum. or load meant 6e Muh benefit lump men ..aunt paymm¢m the Pardnpmh epovme A it depmeMb). or depemdemh amus. lfrhert vc no Mn'ng p0ua m4pevdcn¢a[dedme ofderth ofnc� Pudripan[,Oe arcmum will be pend or the tlnigru�6mMcary0n) mlssmwe Dum3udan:n rbc yea[afpayouusel.[cd in H.bebw. If[M1ertm rte lidng bme6ciery(la),Jw aaouo wJl hepaid m [he Pvnnpu.ia emrc in We yeu ofyyou[ ss elenedin B.belwM. BTG000 1 10 97/02/91 09:22 FAX 120 2941123 BOVRwuLT aoe _ Ol—DO VPNTRGECARE RETIREE HEALTH SAVINGS PLAN (� NP DRAFT k n=.nubeaodacu .16,11,011 efi,doreal, Rate, "low vu 6a duaF 1me69 lump aumaeeeum plmmnm or M1enefitiaryGo) oe be P mciperacs nude. 5� IfahnM siach.ck di lieu o(aoAnoun.Tnv(eS,eM1efollwr'ug shall aPPlY in .Fe ease e(rRef arM1 o(eFe Prtn<iPan.. 4 ee.eplolxiaccaumbalanm MP be paid mole= Ortiaipamedaignaaed beneficiuy(ieq. Upen notilowkn or. unpefa&ad,Me Psstltlp"es acro== lwm"will be mnhrted into chaVawgpeine Money NLSd;m Pond. he account blame mry be reaWorcd h lie daopvmd Fme6day(n). !' If bare no no liHng be efiaboybep,=heacro=, will be paid m else R=tinpan=S nun.Thert viY be no ekmw h` .vi,hhalJN akdcal. Came, low a+n fnedo=hbene6=Iump aumaaeaunl prymemato beneficiaepGn) no 4e pnaieipaan mar. B. In the Caere ofan Aeons So Distribution due to No padurywi doA, the doubt 61xM be Rod Ileo wmdv Two following eFe calendar y at of the PadapI dull Q If dist bw A a.cFed,' lieu ofM.abwe pan9nph, dnlh berae,OM) be paid in rhe walam m, Of me paNaipmis lath. no Empleya 4 MmwN,So"Adng and Named, any applicable vasa, a=Anel in the p6.ugeQrr Redac Hold Saview Men Eap He 3henew. t: X11. Severmm Bene6= A. We opesmce boo pt,F 11 be pmrided whr AsebmagaCm, Redaee HNaF Saving Plans oAervve prvnded"m B. below. Iu B. O IfaF4 bass 'nM . do Empleyci5vaned, a Rede Hegel Swing PW prnidn fer Me pa2men,efrM Pudnp,n,b anessuacISIS VON, n the Paddpam upon amlinadon ofemplalmmr in adarue ofrteremem W defined in ReasmVll.Cj m poi, an becoming eligible be as 6enefin mdn Che Plan. no 61bvug norrestro, on eoms 9uA* dl. Partlripne(Ceeveamee benefice: ICA, Plan prerido NO, Mae, heneLv,No,mcd we, of she Pneuipanel atteau will be paid v a lump Cum CO rhe leantlpweuposts ned6 on 6emShe EmPlga nha de Paddipau ha [,mO,,,d eaploymmrand Is digWem remm neurnnce ben Eo. Allaxm rms bafia IU IN, food a A lump rum The empleya.Wl be rummoHe Grnpeedng And remi,dng any app4vble man,v and and io the VmogerCme Fx1m JII Sadngr plum Emplape Ahead!. XIII. no Pbn will Cpmz ascor ang No as, Is2m, igpwitiew: A. Emvlwn0.noandbi4 a 1. TheEnd%*<w;ysWmit allVanageCae Redrte Heath Lamp Phn cow,bation dam %r, elamwoc cubmiuim. 1. PaeddNne mm, a dan.'aand/or eMngeemp,mmoliNurnueen Mulara aadfor cFanga (Pemcipmw' nomination dare, Pveeiyna' av6e eBgbigrydaa�,ercl wig hpCmided via a@emit mbmiuioo. ' H.T eat"ANe x'be Msp nblelc"Parties aM:omttigany awcable omenta outh"m inrte WnugeGm Rous HMd Sanigr Wan EMIV MMMA 'A L Fedcd bmme um will r aetdar be n¢of28% ca, v a manonce benefit paymenn and de mirumL umme diwibuuon Peymmv. See t inome at ,H be vidxblW a mquieed by total b.n M' 7. M. TLe Emploaa booby uknowl deal itwtlersunda Got Uwe an PmPedy ml our hm EmpleelVl-=VC=ReeveH Gtb $aeiG, PlmAdopum Agrezm nt may oaAS in de bars of=nm.Purn nfrhoTrmr and/aa bate ofex-dhnd state, 6e za+- EmPbaeeramrondam. 01-270 - EMPLOYER VANTAGECARE EETIpEE HEALTH SAVINGS PIAN ' By: paedeip+or ar<e omenta on EawAbe pMrinerILrAe acd+mpeon ofPamripaea acroum Aamunl+e a®eed 8. m upon &a A ve SarimAgrtemenc G EnP(°M Pi=n het will be i aial bythe emPicaml u oudinadm ette AdmLtirmiw Sovicn AgrtemenL 6 A,AGGene ofbonefinu m I Paamived E. Prymcnm to malmnarc So Ite(paya oeff Goo a Participant) ea, am Pm ,.d u eb be vapuon ofee4nbonammc ofh.aaie+unnae pt tia, a to the empl%a. F. Ma phl, drymdenr 6 to Pamnp=nriLGGame aM any oda, Ntd doll who pavan Mceibed in MC Sedan l5](+). G Upanrmnuuuon ofempl mcy:oam a Pamripanr beaooag aGrWe fm medial hemedm fiom aM,nagaCue r H.T eat"ANe x'be Msp nblelc"Parties aM:omttigany awcable omenta outh"m inrte WnugeGm Rous HMd Sanigr Wan EMIV MMMA 'A L Fedcd bmme um will r aetdar be n¢of28% ca, v a manonce benefit paymenn and de mirumL umme diwibuuon Peymmv. See t inome at ,H be vidxblW a mquieed by total b.n M' 7. M. TLe Emploaa booby uknowl deal itwtlersunda Got Uwe an PmPedy ml our hm EmpleelVl-=VC=ReeveH Gtb $aeiG, PlmAdopum Agrezm nt may oaAS in de bars of=nm.Purn nfrhoTrmr and/aa bate ofex-dhnd state, 6e za+- EmPbaeeramrondam. - EMPLOYER ' By: Tidc: Anew I:,�amrei nm As.aat" tea 12