R-3253-9-14RESOLUTION NO. 3253-9-14(R)
' A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN
COUNTY, TEXAS, ADOPTING A RETIREMENT HEALTH SAVINGS (RHS)
PLAN; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City of Allen has employees rendering valuable services; and,
WHEREAS, the establishment of a retiree health savings plan for such employees serves the interests of the
Employer by enabling it to provide reasonable security regarding such employee's health needs during
retirement, by providing increased flexibility in its personnel management system, and by assisting in the
attraction and retention of competent personnel; and,
WHEREAS, the Employer has determined that the establishment of the retiree health savings plan (the
"Plan") serves the above objectives.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ALLEN,
COLLIN COUNTY, TEXAS, THAT:
SECTION 1. The City Council hereby adopts the Retirement Health Savings (RHS) Plan, attached hereto as
Appendix A, and the Trust Agreement with the ICMA Retirement Corporation, attached hereto as Appendix
B, and appoints the ICMA Retirement Corporation to serve as Administrator thereunder.
SECTION 2. The assets of the Plan shall be held in trust, with the City of Allen serving as trustee for the
exclusive benefit of the Plan and their survivors, and the assets of the Plan shall not be diverted to any other
' purpose prior to the satisfaction of all liabilities of the Plan.
SECTION 3. The City Council hereby executes the Declaration of Trust of Integral Part Trust in the forth
of the model trust made available by the ICMA Retirement Corporation, attached hereto as Appendix B.
SECTION 4. The City Manager or designee shall be the coordinator for this program and shall receive
necessary reports, notices, etc., from the ICMA Retirement Corporation or the ICMA Retirement Trust.
Administrative duties to carry out the plan may be assigned to the appropriate departments.
SECTION 5. This Resolution shall take effect from and after its passage.
DULY PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN
COUNTY, TEXAS, ON THIS THE 23RD DAY OF SEPTEMBER, 2014.
APPROVED:
S phen well, MAYOR
ATTEST:
Shelley B. George, CITY SECREQ Y