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HomeMy WebLinkAbout2020-116 - Resolution RESOLUTION NO. 2020-116 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, APPROVING THE ADOPTION OF THE RANCHO CUCAMONGA HEALTH PREMIUM REIMBURSEMENT PLAN WHEREAS, the City of Rancho Cucamonga ("City") desires to establish a health reimbursement arrangement to provide for the reimbursement of medical, dental and vision insurance premiums of certain eligible employees pursuant to the terms and conditions of said plan; and WHEREAS, contributions to the plan shall only be made during the course of employment as approved by the City Council but shall only be accessible for reimbursement after separation from employment; and WHEREAS, the City Council has reviewed a proposed form of plan document, the Rancho Cucamonga Health Premium Reimbursement Plan ("Plan"), prepared by Best Best & Krieger LLP, to establish a health reimbursement arrangement which allows participants to exclude the value of eligible reimbursements from the participant's income under Internal Revenue Code Section 105(b); and WHEREAS, the Plan includes Schedule "A" which identifies the contribution rate which may periodically change, and as such, it is necessary that designated City staff have the authority to automatically update or revise Schedule "A" whenever changes to the contribution amount are approved by the City Council through separate action; and WHEREAS, the City Council desires to authorize the Deputy City Manager in Administrative Services, or his or her designee, to execute the proposed plan document on behalf of the City, along with any future amendments that contain only non-substantive and/or administrative changes. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Rancho Cucamonga as follows: Section 1. That the Rancho Cucamonga Health Premium Reimbursement Plan ("Plan") is hereby adopted effective as of November 23, 2020. Section 2. That the Deputy City Manager in Administrative Services, or his or her designee, is hereby authorized to automatically update Schedule "A" to the Plan as changes to the contribution rate referenced therein are approved by the City Council. Section 3. The Deputy City Manager in Administrative Services, or his or her designee, is hereby authorized to duly execute the Plan on behalf of the City, along with any future amendments that contain only non-substantive and/or administrative changes. Resolution No. 2020-116 - Page 1 of 2 PASSED, APPROVED, and ADOPTED this 18 th day of November 2020. aef;77is M.khael,Payo'r" ATTEST: qu C6 Janice C. Reynolds, City'Clerk STATE OF CALIFORNIA COUNTY OF SAN BERNARDINO ss CITY OF RANCHO CUCAMONGA 1, Janice C. Reynolds, City Clerk of the City of Rancho Cucamonga, do hereby certify that the foregoing Resolution was duly passed, approved, and adopted by the City Council of the City of Rancho Cucamonga, at a Regular Meeting of said Council held on the 18' day of November 2020. AYES: Hutchison, Kennedy, Michael, Scott, Spagnolo NOES: None ABSENT: None ABSTAINED: None Executed this 1 9th day of November, 2020, at Rancho Cucamonga, California. J6iiice C. Reynolds, City`Clerk Resolution No. 2020-116 - Page 2 of 2