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IN THE CITY COUNCIL OF THE CITY OF SAN LEANDRO <br />RESOLUTION NO. 2008 - <br />RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN LEANDRO APPROVING <br />PARTICIPATION IN THE CALIFORNIA GOVERNMENT VOLUNTARY EMPLOYEE <br />BENEFICIARY ASSOCIATION TRUST <br />The City Council of the City of San Leandro does RESOLVE as follows: <br />WHEREAS, the City maintains a comprehensive health and welfare benefit program for <br />its' employees and their families, <br />WHEREAS, periodic modifications and or additions are made to the benefit programs; <br />WHEREAS, the rising cost of health care is the single most important cost containment <br />issue for employers and employees; <br />WHEREAS, the tax advantages of a Voluntary Employee Beneficiary Association Trust <br />will provide employees with more assets for health care and related costs; <br />WHEREAS, the California Governmental Voluntary Employee Beneficiary Association is <br />a governmental multi employer plan that permits employees to accumulate assets for this <br />purpose pursuant to the provisions of Internal Revenue code section 501 (c) (9); and <br />WHEREAS, the California Governmental Voluntary Employee Beneficiary Association <br />provides for participation pursuant to collective bargaining agreements. <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of San Leandro <br />that California Government Voluntary Employer Beneficiary Association is hereby <br />adopted. <br />Introduced by Councilmember <br />Members of the Council: <br />AYES <br />NOES <br />ABSENT: <br />ATTEST: <br />Marian Handa, City Clerk <br />and passed and adopted this <br />by the following called vote: <br />