HomeMy WebLinkAboutCity Council Resolution 2013-174CITY OF PLYMOUTH
RESOLUTION No. 2013-174
A RESOLUTION APPROVING AN AMENDMENT TO THE
MINNESOTA SERVICE COOPERATIVES VEBA PLAN FOR THE CITY OF PLYMOUTH.
WHEREAS, the city's benefits consultant, Financial Concepts, Inc., has advised the city
that there could be future tax liabilities for the city and the city manager related to the excess
VEBA benefits that were provided to the city manager as part of her employment agreement; and
WHEREAS, staff has proposed that the City Council authorize one year (August 2013 —
July 2014) of paid retiree health insurance for the city manager in lieu of providing the excess
VEBA contributions; and
WHEREAS, acceptance of staff s recommendation requires city council adoption of a
VEBA Plan Amendment and authorization to amend the city manager's employment agreement.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL OF
THE CITY OF PLYMOUTH, MINNESOTA that the VEBA Plan Amendment is adopted and
the mayor is authorized to amend the city manager's employment agreement to include one year
of paid retiree health insurance in lieu of receiving the excess VEBA contributions.
Approved this I It" day of June, 2013.