The trustees shall not receive any compensation for performing any services for the trust. Each trustee shall be reimbursed for any expenses properly and actually incurred in the performance of his or her duties to the trust. Included in such reasonable expenses properly and actually incurred in the performance of services to the trust is the attendance at educational meetings and seminars organized and designed to instruct the trustees in the proper performance of their duties as trustees and fiduciaries and to instruct, familiarize and acquaint the trustees with all the provisions of all applicable laws. Included in such reasonable costs and expenses will be per diem allowance, costs and travel expenses, lodging and food expenses and other reasonable and necessary expenses involved in the participation of such educational conferences conducted and carried out for the purposes expressed herein. The trustees may further authorize any of the experts who they may retain, including administrators, insurance experts, actuaries, auditors, accountants, attorneys or others, to attend such educational conferences for the purpose of becoming informed of any new developments or for the purpose of keeping current as to the developments in their proper area of expertise. The trustees are authorized to pay such persons the cost of attending such meetings and/or compensation as the person would ordinarily earn representing the trustees. Any trustee who is actively employed with the city shall be permitted attendance at any and all functions of the trust, including travel to educational programs and seminars without loss of pay, benefits or status.
(Ord. 08-03, passed 9-4-2008)