(A) There is hereby established a special non-reverting fund for the partially self-funded employee health insurance plan and it shall be designated and known as the Special Non-Reverting Employee Health Insurance Fund.
(B) The Clerk-Treasurer shall transfer on a monthly basis equal to one-twelfth of the maximum plan exposure minus the employee contribution from the appropriate department budgets to the fund.
(C) The Clerk-Treasurer is further directed and authorized to transfer the employee contribution for health insurance coverage to the Fund in order for said contributions to supplement the cost of the employee health insurance plan. The transfer of such funds shall be made on a monthly basis.
(D) Upon completion of the transfers to the fund, the Clerk- Treasurer is authorized to make payment, without any further appropriation, of the maximum claim level plus any administrative costs, to the third-party administrator for the purpose of administering this plan.
(Ord. 989, passed 3-6-07)