City of Ann Arbor - File #: 09-0519

• File #: 09-0519
• Version: 1
• Name: 06/01/09 - Amendment Sec 1:734
• Type: Ordinance
• Status: Passed
• File created: 6/1/2009
• In control: City Council
• On agenda: 6/15/2009
• Final action: 6/15/2009
• Enactment date: 6/1/2009
• Enactment #: ORD-09-21
• Title: An Ordinance to Amend Section 1:734 of Chapter 21, Retiree Health Care Benefits Plan and Trust, of Title I of the Code of the City of Ann Arbor (Ordinance No. ORD-09-21)
• Code sections: Chapter 21 - Retiree Health Care Benefits Plan and Trust

Date	Ver.	Action By	Action	Result
6/15/2009	1	City Council	Held and Closed
6/15/2009	1	City Council	Adopted on Second Reading	Pass
6/1/2009	1	City Council	Approved on First Reading	Pass

Title
An Ordinance to Amend Section 1:734 of Chapter 21, Retiree Health Care Benefits Plan and Trust, of Title I of the Code of the City of Ann Arbor (Ordinance No. ORD-09-21)
Memorandum
Attached for your review and approval is an amendment of Chapter 21, which is the Retiree Health Care Benefits Plan and Trust (VEBA) ordinance. The Ordinance currently provides that the City shall appropriate an amount sufficient to maintain the Trust. The City Attorney’s Office recommends that the ordinance be amended to more specifically detail the level of the appropriation necessary. This amendment conforms with Internal Revenue Service requirements related to the funding of the Trust.
Staff
Prepared by: Nancy Niemela, Senior Assistant City Attorney; Mary Joan Fales, Senior Assistant City Attorney
Reviewed by: Stephen K. Postema, City Attorney; Tom Crawford, CFO/Finance and Administrative Services Area Administrator
Approved by: Roger W. Fraser, City Administrator
Body
ORDINANCE NO. ORD-09-21

First Reading : June 1, 2009 Approved: June 15, 2009
Public Hearing : June 15, 2009 Published: June 21, 2009
Effective: July 1, 2009

RETIREE HEALTH CARE BENEFITS PLAN AND TRUST

An Ordinance To Amend Section 1:734 Of Chapter 21, Retiree Health Care Benefits Plan and Trust, Of Title I Of The Code Of The City Of Ann Arbor

The City of Ann Arbor Ordains:

Section 1. That Section 1:734 of Chapter 21 of Title 1 of the Code of the City of Ann Arbor be amended to read as follows:

1:734. Funding. For the purpose of creating and maintaining the Plan and Trust for the payment of benefits payable as provided in this chapter, the City shall appropriate an amount sufficient to maintain the Trust subject to the provisions of 1:734(1) and Part C of this chapter.
(1) Applicable Minimum Cost Requirement. During the City’s tax year in which a Qualified Transfer pursuant to Section 1:595(1) of the retirement ordinance occurs after December 17, 1999, and for the fo...