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R2009-37 ADOPTING POST EMPLOYEMENT HEALTH PLAN
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R2009-37 ADOPTING POST EMPLOYEMENT HEALTH PLAN
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Last modified
10/14/2015 2:06:27 PM
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10/14/2015 2:06:20 PM
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Resolution/Ordinance
Res Ord Num
R2009-37
Res Ord Title
ADOPTING POST EMPLOYMENT HEALTH PLAN - NATIONWIDE RETIREMENT SOLUTIONS
Department
City Manager
Approved Date
4/6/2009
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i <br /> + <br /> TRUST AGREEMENT <br /> The Trust for The Post Employment <br /> Health Plan for Collectively Bargained Public Employees <br /> This TRUST AGREEMENT ("Agreement") is made this twentieth day of February, <br /> 1991 by and between the Illinois Professional Firefighters Association, duly <br /> organized and existing under the laws of the State of Illinois or its successor; the <br /> Professional Firefighters of Wisconsin duly organized and existing under the laws of <br /> the State of Wisconsin or its successor; and the Wisconsin Professional Police <br /> Association, duly organized and existing under the laws of the State of Wisconsin or <br /> its successor (the "Grantor(s)"), on behalf of the Association of state and local <br /> government employees and their Unions representing them ("the Union(s)") and <br /> LaSalle National Bank, a national banking association organized under the <br /> national banking laws of the United States (the "Trustee"). <br /> WITNESSETH: <br /> WHEREAS, pursuant to an agreement with the Union, (Name of Employer) <br /> ("the Employer") agreed to contribute to the Post Employment Health Plan for <br /> Collectively Bargained Public Employees (the "Plan"), an employer-funded welfare <br /> benefit plan that provides post employment health benefits for employees of state <br /> and local governments who are covered by collective bargaining agreements; <br /> WHEREAS, those benefits are to be funded through a trust (the "Trust") which <br /> is intended to qualify as a voluntary employees' beneficiary association within the <br /> meaning of Section 501 (c)(9) of the Internal Revenue Code of 1986, as amended <br /> (the Code); and <br /> WHEREAS, the Union and the Employer designate the Nationwide <br /> Retirement Solutions (the "Corporation"), as the Administrator of the Plan, and the <br /> LaSalle National Bank: as Trustee; and <br /> WHEREAS, the Trustee has agreed to hold and administer the money and <br /> property contributed to the Trust, and the earnings thereon, in accordance with <br /> the terms set forth in this Agreement; and <br /> 2 <br />
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