(a) The necessary officers of the City are hereby authorized to take those steps necessary to establish a self-insurance program in conformity with the requirements of the Worker's Compensation and Occupational Disease Acts, with the application to the Department of Labor and Industry of the Commonwealth and with the recommendations of the law firm of Meyer, Darragh, Buckler, Bebenek and Eck, dated November 20, 1979, including the establishment of a separate trust fund, the purchase of a surety bond, the purchase of excess insurance, the payment of assessments to the Commonwealth, the retention of a consultant, the retention of claims administration, payment of the appropriate filing fee and payment of legal fees for defense of certain worker's compensation claims.
(b) The City shall provide the necessary audit and financial statements and any other reports required by any Act of Assembly, contract or ordinance of the City respecting the same and shall keep funds provided for under this section separate and apart from the General Fund of the City.
(c) The Director of Finance shall administer the funds provided for under this section and the provisions of the Acts. Necessary permanent records shall be established in conformity with law and shall be kept in the Department of Finance as public records of the City.
(Res. 7506. Passed 12-12-79.)