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Resolution No. 6813 ,. 1 RESOLUTION NO. 6813 2 3 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VERNON APPROVING THE CONTINUED PAYMENT OF PREMIUMS FOR MEDICAL INSURANCE FOR CERTAIN CATEGORIES OF RETIRED EMPLOYEES DURING THE 1996- 1997 FISCAL YEAR 4 5 6 WHEREAS, the City Council of the City of Vernon in prior fiscal years has approved for each fiscal year the City's payment 7 8 of premiums for medical insurance for service-retired employees 9 who are at least sixty (60) years of age and who have continuously 10 served for twenty (20) years; and WHEREAS, the Finance Committee of the City of Vernon 11 12 approved a recommendation applicable for the fiscal year 1996-1997 only, which provides that (i) all full-time regular employees with 13 14 at least thirty (30) years of continuous service who retire before 15 the age of sixty (60) will be permitted to pay their health 16 insurance premium for the City's medical insurance program, and, 17 upon their reaching the age of sixty (60), the City wil1 pay the 18 said premiums for said medical insurance for said retired employee 19 only and not for dependents, if any, up to the age of sixty-five 20 (65); (ii) the City shall pay the insurance premium for all full- time regular employees who have a minimum of twenty (20) years of 21 22 continuous service who retire at the age of sixty (60) or later; 23 and (iii) upon retired employees reaching sixty-five (65) years of 24 age, the City will continue to pay the insurance premium to 25 provide for medical insurance as supplemental only to Medicare as 26 the City will not be the primary insurance carrier once the 27 employee reaches the age of sixty-five (65); and 28 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 WHEREAS, the City Council of the City of Vernon wishes to ado~t its policy applicable for the fiscal year 1996-1997 only respecting payment of premiums for the City's medical insurance for certain categories of retired employees and to declare that such benefits are not vested rights and will expire at the conclusion of the fiscal year unless authorized and approved by the City Council for the next fiscal year. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VERNON AS FOLLOWS: SECTION 1: That the City Council of the City of Vernon does hereby find and determine that the recitals contained hereinabove are true and correct. SECTION 2: The City Council of the City of Vernon hereby adopts the following policy for the 1996-1997 fiscal year and declares that such benefits are not vested rights and are approved for this fiscal year only: A. The City will pay the insurance premium for the city's medical insurance program for all full-time regular employees, with at least twenty (20) years of continuous uninterrupted service who retire at age sixty (60) or later, excluding dependents, if any, and the City shall continue to pay said premium for said retired employee up to the age of sixty- five (65). All full-time regular employees with at least thirty (30) years of continuous service who retire before B. the age of sixty (60) years will be permitted to pay their health insurance premium for the City's -2- ..- 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 ~ medical insurance program, and, upon reaching the age of sixty (60), the City will pay the insurance premium for said medical insurance for said retired employee only and not for dependents, if any, up to the age of sixty-five (65). C. For retired employees who receive medical insurance benefits pursuant to A and B above and who reach the age of sixty-five (65), the City will pay the premium to provide for medical insurance as supplemental insurance .only to Medicare because the City will not be the primary insurance carrier once D. the employee reaches the age of sixty-five (65). All retired employees may pay the premiums for medical insurance up to the age of sixty-five (65) after which Medicare will become the primary insurance carrier and further may purchase supplemental insur~nce to Medicare thereafter. SECTION 3: The City Clerk of the City of Vernon shall certify to the passage of this resolution and thereupon and 20 thereafter the same shall be in full force and effect. 21 22 23 24 ATTES';.? .(~ BRUCE V. 25 26 27 28 APPROVED AND ADOPTED this 27th /#~ MALKENHORST, city Clerk -3- -. 1 2 STATE OF CALIFORNIA ) ) ss COUNTY OF LOS ANGELES ) 3 4 o 5 I, BRUCE V. MALKENHORST, City Clerk of the City of 6 Vernon, do hereby certify that the foregoing Resolution, being Resolution No. 6813, was duly adopted by the City Council of the 7 8 City of Vernon at an adjourned regular meeting of the City Council 9 duly held on Thursday, June 27, 1996, and thereafter was duly signed by the Mayor of the City of Vernon. 10 /1- 11 ~~ BRUCE V. MALKENHORST, city Clerk 12 13 ( SEAL) 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 -4-