(a) Established. There is a Board of Trustees for the Anne Arundel County Retiree Health Benefits Trust pursuant to § 815 of the Charter.
(b) Composition.
(1) The Board shall consist of at least eight Trustees.
(2) The Chief Administrative Officer, the County Controller, the County Personnel Officer, and the County Budget Officer shall serve as ex officio Trustees.
(3) Four Trustees shall be appointed by the County Executive and confirmed by resolution of the County Council. Of the four Trustees:
(i) one shall be an active non-represented employee in the classified service or a retiree who retired as a non-represented employee in the classified service, and who is not an ex officio Trustee under (b)(2);
(ii) one shall be an active employee who is a member of one of the uniformed public safety unions or a retiree who retired as a member of one of the uniformed public safety unions, and who is nominated by a majority of the presidents of the County uniformed public safety unions;
(iii) one shall be an active employee who is in the classified service represented by an exclusive representative other than one of the County uniformed public safety unions or a retiree who retired as a classified employee represented by an exclusive representative other than one of the County uniformed public safety unions, and who is nominated by a majority of the presidents of the non-uniformed public safety unions; and
(iv) one shall be a County resident with knowledge of finances and investing who is not an employee or retiree of the County.
(4) Additional Trustees may be appointed under the agreements allowed by § 6-5-102(b).
(c) Terms.
(1) Of the Trustees appointed by the County Executive, one shall be appointed for an initial term of one year and one shall be appointed for an initial term of two years. After the expiration of the initial terms, all terms shall be for three years. A Trustee who becomes a retiree during the Trustee's term may complete that term. Ex officio members shall serve at the pleasure of the County Executive.
(2) A Trustee whose term has expired holds over until a successor is appointed.
(3) The County Executive shall fill a vacancy for the remainder of an unexpired term of a Trustee in the same manner as the original appointment.
(d) Officers. The County Executive shall annually appoint a Chair from the membership of the Board. Neither the County Personnel Officer nor the County Controller may serve as the Chair. The County Personnel Officer shall serve as Secretary to the Board.
(e) Duties. The Board shall:
(1) keep true and accurate records of all transactions of the Trust; and
(2) publish annual audited financial statements of the Trust, prepared in accordance with generally accepted accounting principles by September 30th of each year.
(Bill No. 13-15)