Asbury Park
NJ

Resolution
2017-88

Resolution Terminating the Medical Coverage Purchase Plan

Information

Department:City ManagerSponsors:
Category:General Resolution

Attachments

  1. Printout

Body

              WHEREAS, by Resolution on July 21, 2010 the Mayor and Council created the Medical Coverage Purchase Plan (the Plan); and

 

              WHEREAS, a review of the Plan by the New Jersey Comptroller’s Office and the City staff have determined that it does not generate the savings that were initially anticipated; and

 

WHEREAS, effective May 31, 2016 the Mayor and Council will terminate any new participants in the Plan who do not have a Division of Pension and Benefits approved retirement date; and

 

WHEREAS, there will be no impact on any existing Plan participants or individuals with an approved retirement date.

 

NOW, THEREFORE, BE IT RESOLVED, by the Mayor and Council of the City of Asbury Park (the “City”), in the County of Monmouth, State of New Jersey that the Medical Coverage Purchase Plan is hereby terminated effective May 31, 2017; and

 

NOW, THEREFORE, BE IT FURTHER RESOLVED that a copy of this Resolution be immediately circulated to all active City staff.

                           

Meeting History

Feb 22, 2017 7:00 PM  Municipal Council Regular Meeting
RESULT:ADOPTED [UNANIMOUS]
MOVER:Amy Quinn, Deputy Mayor
SECONDER:Eileen Chapman, Councilmember
AYES:Eileen Chapman, Yvonne Clayton, Amy Quinn, John Moor
ABSENT:Jesse Kendle