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CITY OF ST. ANTHONY <br />STATE OF MINNESOTA <br />RESOLUTION 06-080 <br />RESOLUTION AUTHORIZING THE ADOPTION OF THE <br />ICMA RETIREMENT CORPORATION'S <br />VANTAGE HEALTH CARE SAVINGS PLAN <br />FOR ELIGIBLE CITY EMPLOYEES <br />WHEREAS, the City of St. Anthony values its employees; and <br />WHEREAS, the City of St. Anthony is interested in establishing an opportunity <br />for eligible employees to participate in a health care savings plan <br />that would defray some of the costs of post employment health- <br />related expenses using pre-tax dollars as allowed under IRS <br />regulations; and <br />WHEREAS, City staff has reviewed those post -employment Health Care <br />Savings Plans (HCSP) as allowed under Minnesota state statute <br />#352.98; and <br />WHEREAS, as participants of an HCSP, City employees will defer a portion of <br />their bi-weekly salary for deposit into an HCSP for the payment of <br />eligible health insurance premiums and/or healthcare expenses <br />after the separation of service from the City of St. Anthony; and <br />WHEREAS, there will be no contributions from the City into the plan other than <br />those designated by the employee; and <br />WHEREAS, the City Council has determined that the establishment of the <br />. health care savings plan (HCSP) serves the above objectives; and <br />NOW, THEREFORE, BE IT RESOLVED, the City Council of the City of St. <br />Anthony hereby adopts the Plan in the form of the ICMA Retirement <br />Corporations VantageCare Retirement Health Savings program for <br />eligible City employees and the City Manager or designee is hereby <br />authorized to execute the Health Care Savings Plan on behalf of the City. <br />BE IT FURTHER RESOLVED, the City of St. Anthony Personnel Policy is <br />amended to include the Health Care Savings Plan as adopted by the City <br />Council. <br />FACouncil Meetings\2006\10242006\2006 res HCSP.doc <br />50 <br />