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along with retirement benefits, to ensure that the Retirement Fund is sufficiently funded and
benefits can be paid as they become due. If funding levels are insufficient, staff will update
the City Council of the deficiency and make recommendations for corrective action.
Health Care Trust:
4. Benefit Improvements
Staff shall routinely present to the City Council the actuarial impact of any proposed
benefit improvements, reductions, or changes. The City will also obtain an independent
actuary who will certify the actuarial impact of any proposed benefit improvements or
changes.
5. Funding Level
The City shall continue to monitor retiree healthcare benefits, to ensure that the Health
Fund is sufficiently funded and City Council-approved benefits can be paid according
to the approved benefit program. If funding levels are insufficient, staff will update the
City Council of the deficiency and make recommendations for corrective action.
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