§ 3-14-1 Purpose.
The Health Care Benefits Trust is established and provides for a Health Care Benefits Trust Board to administer the Trust Fund for the purpose of providing for direct payment of the Health Care Benefits Plan for the benefit of participants, as follows:
(A) All monies received by the City for the purpose of funding the Health Care Benefits Plan shall be deposited into the Trust Fund, including all health care premiums, contributions, credits, rebates, refunds and funding for wellness related programs identified for appropriations.
(B) The Trust Fund shall be used for the purpose of administering, staffing, managing, and funding the Health Care Benefits Plan.
(C) The City shall adopt a Trust Agreement that sets forth the specific terms of the Health Care Benefits Trust. A stop-loss provision shall be incorporated into the Trust Agreement.
(D) An annual audit of the Trust Fund shall be conducted by an external auditor designated by the City Manager. A copy of the audit report shall be kept on file in the Office of the City Clerk in accordance with the State of Arizona General Records Retention Schedule. (Ord. 17-1349, passed 4-24-2017)