City of Brighton - File #: ID-23-18

• File #: ID-23-18
• Version: 1
• Type: Resolution
• Status: Agenda Ready
• File created: 1/9/2018
• In control: City Council
• On agenda: 1/16/2018
• Title: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BRIGHTON, COLORADO, APPROVING THE ADOPTION OF THE VANTAGECARE RETIREMENT HEALTH SAVINGS (RHS) PROGRAM, APPROVING THE ADMINISTRATIVE SERVICES AGREEMENT WITH THE INTERNATIONAL CITY MANAGER ASSOCIATION RETIREMENT CORPORATION (ICMA-FOR IMPLEMENTATION FOR THE RHS PROGRAM; AUTHORIZING THE CITY MANAGER TO SIGN SAID AGREEMENT ON BEHALF OF THE CITY AND TO UNDERTAKE SUCH TASKS AND EXECUTE SUCH DOCUMENTS AS MAY BE REQUIRED FOR IMPLEMENTATION OF THE PROGRAM; AND SETTING FORTH OTHER DETAILS RELATED THERETO

HUMAN RESOURCES OFFICE
Reference: City of Brighton Adoption of Vantage Care Retirement Health Savings (RHS) Program
To: Mayor Kenneth J. Kreutzer and Members of City Council
Through: Philip A. Rodriguez, City Manager

Prepared By: Karen Borkowski Surine, Human Resources Director


Date Prepared: 1/5/2018

PURPOSE

To meet the requirements of the VantageCare Retirement Health Savings (RHS) Program, the governing body must approve a Resolution and affirmative statement of adoption of the Program.

BACKGROUND

City Council received information at the 9/26/2017 Council Study Session regarding benefit trends, to include a Retirement Health Savings (RHS) program. On October 17, 2017, Council adopted Ordinance 2267 approving the implementation of a RHS program for sworn officers with the requirement of a 1% contribution by eligible employees and a match of .5% from the City. The City must now formally adopt the VantageCare Retirement Health Savings (RHS) Program (please see attached exhibit).

After discussion with City Council, staff was authorized to poll the employees to gauge their interest in participating in an employee retiree health savings account program that, by law, would be a requirement of all employees. Surveys were sent to all City employees; 99 responded. 53% supported the proposal for all employees. The Police Department was included in the survey for all employees and also polled separately; 83% of the Police Department employees supported the proposal. Therefore, the VantageCare Retirement Health Savings (RHS) Program is being implemented for sworn officers only at this time.

With the survey results in mind, City staff is proposing approval of a 3 step approach to establish the employee retiree health savings program for sworn police officers only. Please note, City staff will continue to explore options to expand the program for the non-police employees in 2018 with the possibility of approaching Council with a proposal for 2019. Analys...