HomeMy WebLinkAbout20052825.tiff RESOLUTION
RE: APPROVE AMENDMENT TO PROGRAM FOR CONTINUATION OF HEALTH
INSURANCE FOR FORMER WELD COUNTY EMPLOYEE OR ELECTED OFFICIAL
NOW DRAWING BENEFITS FROM THE WELD COUNTY RETIREMENT PLAN
WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to
Colorado statute and the Weld County Home Rule Charter, is vested with the authority of
administering the affairs of Weld County, Colorado, and
WHEREAS, on November 30, 1998, effective December 16, 1998, the Board of
Commissioners of Weld County, Colorado,approved a health insurance continuation program for
retirees meeting certain criteria, and
WHEREAS, said Program was amended on December 16, 2002, and
WHEREAS,the program is not partof the Weld County Retirement Plan and is not a vested
retirement benefit or right, but is a program that can be amended or stopped at any time by the
Board of Weld County Commissioners for any reason, and
WHEREAS, the Board of Weld County Commissioners wishes to amend the program so
that it is no longer offered to employees hired on or after October 1, 2005, due to changes in
accounting standards under GASB 45, requiring recognition of the long term actuarial financial
obligation.
NOW,THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld
County, Colorado, that the Health Insurance Continuation Program for retirees meeting certain
criteria adopted November 30, 1998,and amended December 16,2002,shall no longer be available
for participation by employees hired on or after October 1, 2005, and employees hired prior to
October 1, 2005, shall remain eligible under the existing terms of the program.
The above and foregoing Resolution was,on motion duly made and seconded, adopted by
the following vote on the 21st day of September, A.D., 2005.
BOARD OF COUNTY COMMISSIONERS
!�� WELD COUNTY, COLORADO
ATTEST:
William H. J ke, Chair
_?� 1♦v
Weld County Clerk
Yew.
�p� � 1 M. ile, Pro-Tem
BY: �.L.c YCw,4'1iis�:�iJ1��i►�I 6
=puty lerk to th oard
Da E. o
ED AS TO •
Robert . Mas en
County Attorney EXCUSED
Glenn Vaad
Date of signature: a Zbib5 2005-2825
('( • PE PE0017
/0-OS-OC
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