(A) The city is hereby authorized to self-insure its employee welfare plan.
(B) The city shall become administrator of the self-insured employee benefit plan and the office of the Clerk-Treasurer is hereby designated to perform the duties of the Administrator.
(C) The city is hereby authorized to retain a plan supervisor as designated by the Common Council from time to time.
(D) Payments into the plan shall be deposited in a non-reverting trust fund with a financial institution as trustee.
(E) Payment by the employees shall be made to the Administrator by payroll deductions. The payments shall not entitle employees to any vested interest in the plan.
(F) The city shall not be held liable for any mistakes in the supervision of the plan made by the plan supervisor.
(Prior Code, § 2-36) (Ord. 83-9, passed 4-12-1983; Ord. 00-9, passed 7-24-2000)