Laserfiche WebLink
� o� <br /> • o �, o <br /> � C ITY of ORONO <br /> ,� - , � <br /> , ti <br /> ti <br /> RESOLUTION OF THE CITY COUNCIL <br /> ���kEsB�g'�G No. 5 5 5 ? . <br /> A RESOLUTION APPROVING A <br /> POST-EMPLOYMENT HEALTH CARE SAVINGS PLAN <br /> FOR THE POLICE OFFICER BARGAINING UNIT,AND AMENDING THE POLICE ' <br /> OFFICER LABOR AGREEMENT TO REFLECT THE CHANGE <br /> WHEREAS, IRS rules allow cities to create Post-Employment Health Care Savings <br /> Plans (HCSPs) for their employees; and <br /> WHEREAS, an HCSP provides substantial tax savings in relation to the payment of <br /> health care costs; and <br /> WHEREAS, the City's Police Officer bargaining unit has agreed on the design of an <br /> HCSP. <br /> • NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Orono, <br /> Minnesota: <br /> 1. That the following Post-Employment Health Care Savings Plan be adopted: <br /> Emnlovee Pavroll Contribution <br /> All employees in the Police Officer bargaining unit will contribute 1% of pay into , <br /> the post-employment health care savings plan. <br /> Severance Contribution <br /> All employees in the Police Officer bargaining unit will contribute 100% of <br /> sevzrance pay into tr�e�ost-em�loymcnt health care savings plan. <br /> 2. That the Police Sergeant labor agreement be amended to reflect the addition of � <br /> � this plan. <br /> Adopted by the City Council of the City of Orono, Minnesota at a regular meeting held <br /> this l lth day of December, 2006. <br /> ATTEST: <br /> • - �/' � <br /> ,�. �/..Q-e-- �l����.ecJ <br /> in a S. Vee, City Clerk Barbara A. Peterson, Mayor <br /> Pacra 1 nf 1 <br />