(a) There is hereby established, effective April 1, 1982, within the budgetary accounts of the City, a special fund to be known as the Self-Insurance Contributions Holding Fund.
(b) The Finance Director is hereby authorized to transfer to this Fund moneys which have been appropriated in the various funds of the City for the payment of a group health insurance plan entailing basic hospital benefits, basic surgical benefits, major medical benefits, prescription drug and dental benefits for full-time City personnel.
(c) The Director is authorized to pay the expenses of a third party administrator for the review of all claims to be paid from such Fund.
(d) The Director is authorized to pay the claims which have been reviewed and approved by the third party administrator, from the moneys which have been deposited to this Fund.
(e) The moneys which have been previously appropriated and subsequently transferred to this Fund shall be invested separately and the interest shall accrue to the benefit of this special Fund.
(Ord. 16-82. Passed 4-5-82.)
(Ord. 16-82. Passed 4-5-82.)