HomeMy WebLinkAboutReso 2008-055 - PARS
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RESOLUTION NO. 2008 - 55
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
APPOINTING THE PLAN ADMINISTRATOR FOR THE PUBLIC
AGENCY RETIREMENT SERVICES (PARS) POST RETIREMENT
HEALTH CARE FUNDING PLAN TRUST.
WHEREAS, it is recommended that the City Council appoint the Personnel Director, or
his/her successor or his/her designee as the City's Plan Administrator for the Program as the Plan
Administrator for the Public Agency Retirement Services (PARS) post retirement health care funding
plan trust; and
WHEREAS, the City is eligible to participate in the Program, a tax-exempt trust and plan
performing an essential governmental function within the meaning of Section 1.15 of the Internal Revenue
Code, as amended, and the Regulations issued thereunder, and is a tax -exempt trust under the provisions
of the relevant statutory provisions of the State of California.
WHEREAS, the City Council deems it to be in the best interests of the City to adopt such
recommendation;
NOW, THEREFORE, IT IS HEREBY RESOLVED by the City Council that the Personnel
Director, or his/her successor or his/her designee be appointed as the City's Plan Administrator for the
Program as the Plan Administrator for the Public Agency Retirement Services (PARS) post retirement
health care funding plan trust; and as the City's Plan Administrator, is hereby authorized 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 and to maintain compliance of any relevant regulation
issued or as may be issued; therefore, authorizing himlher to take whatever additional actions are required
to administer the City's PARS plan(s).
I HEREBY CERTIFY that the foregoing Resolution was introduced, read, and adopted at a
regular meeting of the City Council of the City of Redding on the 3rd day ofJune, 2008, by the following
vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
Bosetti, Dickerson, Jones, Murray, and Stegall
None
None
None
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MAR LE STEGALL, or
FORM APPROVED:
CONNIE STRpHM~Y
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, ity Clerk
Ity Attorney
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