(A) The city hereby establishes the Group Insurance Fund to be used for health insurance premiums and claims and any other health and wellness initiatives for the benefit of employees and retirees of the city.
(B) The Clerk-Treasurer shall deposit any and all monies received from the city or its employees and retirees for health insurance premiums into said fund and shall use said fund for health insurance premiums and claims and any other health and wellness initiatives for the benefit of employees and retirees of the city.
(Ord. 2014-5, passed 5-13-14)