HomeMy WebLinkAbout6.3 A RESOLUTION AMENDING MISSIONSQUARE RETIREMENT HEALTH SAVINGS (RHS) PLAN NUMBER 800377IL
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RESOLUTIONSubject A rING MISSIONSQUA•
RETIREMENT HEALTH SAVINGS (RHS) PLA
NUMBER 800377
Meeting February 15, 2022 - REGULAR MEETING OF THE MOUNT
PROSPECT VILLAGE BOARD -
Fiscal Impact false
Dollar Amount
Budget Source
Category CONSENT AGENDA
Type Consent
Information
MissionSquare provides various retirement plan benefits for the Village of Mount Prospect.
Plan number 800377 is a Retiree Health Savings (RHS) Plan. The plan has a mandatory
contribution of sick time upon retirement (as defined in the plan). The plan is being
amended pursuant to the Village Manager's 2022 Employment Agreement. Per the
Agreement, the Village Manager is no longer eligible for this provision of the RHS plan. The
effective date is 01/01/2022.
Alternatives
1. Approve the Resolution Amending MissionSquare Retirement Health Savings (RHS)
Plan Number 800377.
2. Action at the discretion of the Village Board.
Staff Recommendation
Staff recommends approving the resolution to amend plan number 800377
effective 01/01/2022.
ATTACHMENTS:
RHS Plan Amendment Packet January 1, 2022.pdf
Res_amend ment_RHS_Plan_number800377.pdf