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Resolution No. 2012-114RESOLUTION NO. 2012-114 A RESOLUTION OF.THE CITY COUNCIL.OF THE CITY OF VERNON APPROVING THE CONTINUED PAYMENT OF PREMIUMS FOR MEDICAL -DENTAL INSURANCE FOR RETIRED EMPLOYEES DURING THE 2012-2013 FISCAL YEAR WHEREAS, the City Council of the City of Vernon grants certain retiree medical benefits on a fiscal year basis; and WHEREAS, in an effort to reduce expenditures, the City Administrator and Risk Manager recommend that the City Council of the City of Vernon grant retiree medical benefits for fiscal year 2012-2013 that encourage eligible employees to retire; and WHEREAS, the City Council of the City of Vernon wishes to adopt its retiree medical benefits policy applicable for the fiscal year 2012-2013 only 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: The City Council of the City of Vernon hereby finds and determines 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 2012-2013 fiscal year and declares that such benefits are applicable to retired employees only and not their spouses or other dependents, are not vested rights and are approved for this fiscal year only: . A. The City will pay up to $1,000 for the insurance premium cost for the City's medical -dental insurance program for all full-time regular employees who retire from the City at age fifty (50)-or later with at least twenty (20) years of continuous uninterrupted service with the City. The City shall continue to pay said premiums for said retired employees up to the age of sixty-five (65). B. All full-time regular employees who retire from the City before the age of fifty (50) with at least twenty (20) years of continuous uninterrupted service with the City will be permitted to pay their health insurance premium for the City's medical -dental insurance program, and upon their reaching the age of fifty (50), the City will pay up to $1,000 for the insurance premium cost for the City's medical -dental insurance program for said retired employees, until said retired employees reach the age of sixty-five (65). C. For retired employees who receive medical -dental insurance benefits pursuant to subsections A or B above and who reach the age of sixty-five (65), said retired employees shall apply for Medicare coverage, whereupon the City insurance will become supplemental coverage, if applicable. The City will pay up to $500 to provide for the City's medical -dental insurance as supplemental insurance only to Medicare because the City will not be the - 2 - primary insurance carrier once the retired employees reach the age of sixty-five (65). D. All retired employees who retire from the City with a minimum of ten (10) years, but fewer than twenty (20) years, of continuous uninterrupted service with the City will be permitted to pay their premiums for the City's medical -dental insurance program until they reach the age of sixty-five (65), at which time Medicare will become the primary insurance carrier. Said retired employees may pay for the City's medical -dental insurance as supplemental insurance to Medicare thereafter. SECTION 3: The City Clerk of the City of Vernon shall certify to the passage, approval and adoption of this resolution, and the City Clerk of the City of Vernon shall cause this resolution and the City Clerk's certification to be entered in the File of Resolutions of the Council of this City. APPROVED AND ADOPTED this 19th day of June, 2012. 1 Name: William J. Davis Title Mayor Pro-Tem - 3 - STATE OF CALIFORNIA ) ) ss COUNTY OF LOS ANGELES ) I, Willard G. Yamaguchi, City Clerk of the City of Vernon, do hereby certify that the foregoing Resolution, being Resolution No. 2012-114, was duly passed, approved and adopted by the City Council of the City of Vernon at a regular meeting of the City Council duly held on Tuesday, June 19, 2012, and thereafter was duly signed by the Mayor or Mayor Pro-Tem of the City of Vernon. Executed this day of June, 2012, at Vernon, California. illa d G. Ya g chi, City Clerk (SEAL) - 4 - CITY CLERK'S OFFICE INTEROFFICE MEMORANDUM DATE: June 21, 2012 TO: Rory. Burnett, Finance Director/City Treasurer Martha Valenzuela, Director of Business Services/Personnel FROM: Willard Yamaguchi, City Clerk � f RE: Resolution No. 2012-114 — A Resolution of the City Council of the City of Vernon Approving the Payment of Premiums for Medical -Dental Insurance for Retired Employees During the 2012-2013 Fiscal Year Transmitted herewith is a copy of Resolution No. 2012-114 referenced above, which was approved by City Council on June 19, 2012, Thank you. WY:dj Attachment c: Raquel Franco Karina Rueda Resolution No. 2012-114 RECEIVED JUN 1'4 2012 CITY CLERK'S OFFICE STAFF DATE: . June 7, 2012 REPORT Risk Management Department RECEIVED JUN 14 2012 CITY ADMINISTRATION TO: Honorable Mayor Pro Tern and City Council FROM: Willard G. Yamaguchi, Risk Manager vt RE: Payment of Medical and Dental Health Premiums for Retirees for Fiscal Year 2012-2013 Background: M wll40 Each fiscal year, the City Council of the City of Vernon approves the City's payment of health premiums for medical and dental insurance for certain categories of retired employees. Recommendation I recommend that the City Council adopt a resolution approving the continuous payment of medical and dental insurance premiums for certain retired employees, applicable for Fiscal Year 2012-2013 only, as applied to the following: A. The City will pay up to $1,000 for the insurance premium cost for the City's medical -dental insurance program for all full-time regular employees who retire from the City at age fifty (50) or later with at least twenty (20) years of continuous uninterrupted service with the City. The City shall continue to pay said premiums for said retired employees up to the age of sixty-five (65). B. All full-time regular employees who retire from the City before the age of fifty (50) with at least twenty (20) years of continuous uninterrupted service with the City will be permitted to pay their health insurance premium for the City's medical -dental insurance program, and upon their reaching the age of fifty (50), the City will pay up to $1,000 for the insurance premium cost for the City's medical -dental insurance program for said retired employees, until said retired employees reach the age of sixty-five (65). C. For retired employees who receive medical -dental insurance benefits pursuant to subsections A or B above and who reach the age of sixty: - five (65), said retired employees shall apply for Medicare coverage, whereupon the City insurance will become supplemental coverage, if applicable. The City will pay up to $500 to provide for the City's medical -dental insurance as supplemental insurance only to Medicare because the City will not be the primary insurance carrier once the retired employees reach the age of sixty-five (65). D. All retired employees who retire from the City with a minimum of ten (10) years, but fewer than twenty (20) years, of continuous uninterrupted service with the City will be permitted to pay their premiums for the City's medical -dental insurance program until they reach the age of sixty-five (65), at which time Medicare will become the primary insurance carrier. Said retired employees may pay for the City's medical -dental insurance as supplemental insurance to Medicare thereafter. The foregoing shall only apply to those employees that retire during the 2012-13 fiscal year. WGY/kr