(A) For the purpose of creating and maintaining a fund for the payment of benefits payable as provided in this chapter, the city shall pay to the trust such amounts that when added to the fund balance at the beginning of the year, shall be sufficient to fund current insurance contracts and administrative expenses. The city may contribute additional amounts as approved by the City Commission.
(B) In addition to the amounts paid by the city on behalf of participants as set forth above, eligible retiree participants, spouses and dependents shall contribute additional amounts as may be required.
(C) In the event that the trust does not set forth the time and place of payments, the manner of such payments, and the procedures and forms to accompany said payments, then the trustees may in their discretion decide the time, manner and means of payments, the procedures to be followed in making the payments, and the forms required to accompany said payments. Upon determination by the trustees of these matters, the trustees shall provide written notice of the procedures to the city.
(D) The trustees may compel and enforce payments of contributions in any manner they deem proper. The trustees may make such additional rules and regulations for the enforcement of the collection payments, as they deem proper.
(Ord. 08-03, passed 9-4-2008)