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Town Council Resolution No. 03-2022 1/19/2022
RESOLUTION NO. 03-2022
A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TIBURON ADOPTING A
VANTAGECARE RETIREMENT HEALTH SAVINGS (RHS)
PROGRAM FOR TOWN EMPLOYEES
WHEREAS, the Town of Tiburon in Tiburon, California has employees rendering valuable
services; and
WHEREAS, the establishment of a retiree health savings program for such employees serves the
interest of the Town of Tiburon by enabling it to provide reasonable security regarding such employees’
health needs during retirement, by providing increased flexibility in its personnel management system,
and by assisting in the attraction and retention in competent personnel; and
WHEREAS, the Town of Tiburon has determined that the establishment of the retiree health
savings program (the “Program”) serves the above objectives.
NOW, THEREFORE BE IT RESOLVED, that the Town Council of the Town of Tiburon hereby
adopts the ICMA Retirement Corporation’s VantageCare Retirement Health Savings Program
(“Program”) through the Town of Tiburon’s integral part trust (“Trust”) and the Town of Tiburon’s
welfare benefits plan (“Plan”) (Plan Number #800297).
BE IT FURTHER RESOLVED that the assets of the Plan shall be held in trust, with the Town of
Tiburon serving as trustee for the exclusive benefit of Plan participants and their survivors, and the assets
of the Plan shall not be diverted to any other purpose prior to the satisfaction of all liabilities of the Plan.
The Town of Tiburon has executed the Declaration of Trust of the Town of Tiburon Integral Part Trust in
the form of the sample trust made available by the ICMA Retirement Corporation.
BE IT FURTHER RESOLVED that the Town Manager or their designee shall be the coordinator
and contact for the Program and shall receive necessary reports, notices, etc.
PASSED AND ADOPTED at a regular meeting of the Tiburon Town Council this 19th day of
January, 2022, by the following vote:
AYES: COUNCILMEMBERS: Fredericks, Griffin, Ryan, Thier, Welner
NAYS: COUNCILMEMBERS: None
ABSENT: COUNCILMEMBERS: None
JON WELNER, MAYOR TOWN OF TIBURON ATTEST:
LEA STEFANI, TOWN CLERK
DocuSign Envelope ID: 4053B63B-BFFF-4DE2-83D9-F66F9D8B7124